Patterson-UTI Energy (PTEN) to Release Quarterly Earnings on Thursday
Patterson-UTI Energy (NASDAQ:PTEN) is set to issue its quarterly earnings data on Thursday, February 6th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Shares of Patterson-UTI Energy (NASDAQ:PTEN) opened at 24.75 on Wednesday. Patterson-UTI Energy has a 52 week low of $18.83 and a 52 week high of $26.09. The stock’s 50-day moving average is $25.22 and its 200-day moving average is $22.85. The company has a market cap of $3.531 billion and a P/E ratio of 15.79.
Several analysts have recently commented on the stock. Analysts at Guggenheim downgraded shares of Patterson-UTI Energy from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, January 28th. They now have a $19.00 price target on the stock, down previously from $24.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Patterson-UTI Energy in a research note to investors on Friday, January 24th. They now have a $27.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of Patterson-UTI Energy from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $29.00 price target on the stock, up previously from $25.00. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.17.
Patterson-UTI Energy, Inc (NASDAQ:PTEN) owns and operates fleets of land-based drilling rigs in the United States.
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