6 Analysts Assess Patterson-UTI Energy: What You Need To Know
Portfolio Pulse from Benzinga Insights
Six analysts have recently assessed Patterson-UTI Energy (NASDAQ:PTEN), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has declined by 10.48% to $13.58. Analysts from Barclays, RBC Capital, Stifel, B of A Securities, Piper Sandler, and Susquehanna have all lowered their price targets. Despite strong revenue growth and a high ROE, the company faces challenges with net margin and ROA.
August 16, 2024 | 1:01 pm
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Patterson-UTI Energy (NASDAQ:PTEN) has received mixed ratings from analysts, with a notable decline in the average 12-month price target by 10.48% to $13.58. Analysts from major firms have lowered their price targets, reflecting cautious sentiment despite the company's strong revenue growth and high ROE.
The mixed analyst ratings and the significant drop in the average price target indicate cautious sentiment among analysts. While the company shows strong revenue growth and a high ROE, challenges in net margin and ROA may temper investor enthusiasm in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100