RBC Capital Reiterates Outperform on Patterson-UTI Energy, Maintains $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey has reiterated an Outperform rating on Patterson-UTI Energy (NASDAQ:PTEN) and maintained a $19 price target.
September 06, 2023 | 2:08 pm
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RBC Capital has reiterated an Outperform rating on Patterson-UTI Energy and maintained a $19 price target.
The reiteration of an Outperform rating by RBC Capital indicates a positive outlook for Patterson-UTI Energy. The maintained price target of $19 suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100