Analyst Expectations For Patterson-UTI Energy's Future
Portfolio Pulse from Benzinga Insights
Patterson-UTI Energy (NASDAQ:PTEN) received 10 analyst ratings in the past quarter, with an average 12-month price target of $17.5, a high of $23.00, and a low of $12.00. The sentiment has shifted negatively, with the average price target decreasing by 4.53%. Analysts from firms including Goldman Sachs, Barclays, Piper Sandler, RBC Capital, Susquehanna, Raymond James, Morgan Stanley, B of A Securities, and Citigroup have adjusted their ratings and price targets. Patterson-UTI Energy has shown strong financial performance with a revenue growth rate of 39.03%, a net margin of 0.0%, an ROE of 0.0%, an ROA of 0.0%, and a debt-to-equity ratio of 0.28.
December 19, 2023 | 12:00 pm
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NEUTRAL IMPACT
Patterson-UTI Energy has received mixed analyst ratings with a slight negative shift in sentiment, as the average price target was reduced by 4.53%. However, the company's strong financial performance could counterbalance the negative sentiment.
While the average price target for PTEN has decreased, indicating a negative sentiment shift, the company's strong revenue growth and financial indicators may mitigate the impact on the stock price. The mixed analyst ratings and strong financials suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100