Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2017

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Go back to Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2017

Patterson-UTI Energy (PTEN) PT Lowered to $25 at Deutsche Bank

February 9, 2018 7:48 AM EST

Deutsche Bank lowered its price target on Patterson-UTI Energy (NASDAQ: PTEN) to $25.00 (from $26.00) while maintaining a Buy rating following the company's 4Q earnings report. Pressure pumping margins were about 200 bps below management guidance, the downdraft in the stock really got momentum during the... More