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.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
