Stifel analyst Stephen Gengaro lowered the firm’s price target on Patterson-UTI (PTEN) to $13 from $14 and keeps a Buy rating on the shares. Heading into 2025, the firm expects “more of the same” in the Oil Services world as well limited macro-catalysts for the stocks, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTEN:
- Patterson-UTI reports average of 104 U.S. drilling rigs operating in December
- Patterson-UTI upgraded to Buy from Neutral at Goldman Sachs
- Patterson-UTI call volume above normal and directionally bullish
- Patterson-UTI price target lowered to $11 from $12 at Barclays
- Citi sees rotation toward energy equities after Trump win