RBC Capital Maintains Sector Perform Rating for Patterson-UTI Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Patterson-UTI Energy (NASDAQ:PTEN) and raised its price target from $18.00 to $19.00. PTEN shares are currently trading down 4.05% at $11.97.
June 16, 2023 | 5:00 pm
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RBC Capital maintains Sector Perform rating for Patterson-UTI Energy (PTEN) and raises price target to $19.00. Shares are trading down 4.05% at $11.97.
RBC Capital's decision to maintain its Sector Perform rating for PTEN and raise its price target indicates a neutral outlook for the stock in the short term. The current 4.05% decline in share price may be due to other market factors, but the raised price target suggests potential for future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100