JPMorgan lowered the firm’s price target on Patterson-UTI (PTEN) to $7 from $9 and keeps a Neutral rating on the shares. The firm refreshed estimates for the SMid cap land and offshore drillers as well as frac levered oilfield services stocks to reflect lower oil prices.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTEN:
- Moody’s cuts U.S. rating, Trump urges Walmart to ‘eat’ tariffs: Morning Buzz
- Citi downgrades Patterson-UTI to Neutral on pricing risk
- Patterson-UTI downgraded to Neutral from Buy at Citi
- Patterson-UTI price target lowered to $8 from $11 at Barclays
- Patterson-UTI Energy’s Earnings Call Highlights Resilience Amid Market Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue