Zacks Rating on Patterson-UTI Energy (PTEN)

Patterson-UTI Energy (PTEN) has an average broker rating of 2.27, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Patterson-UTI Energy (PTEN) : The most positive equity analysts on Patterson-UTI Energy (PTEN) expects the shares to touch $34, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $21.5 with an expected fluctuation of $5.29 from the mean.


Shares of Patterson-UTI Energy Inc. rose by 2.61% in the last five trading days and 5.04% for the last 4 weeks. Patterson-UTI Energy Inc. is up 18.47% in the last 3-month period. Year-to-Date the stock performance stands at 39.02%. Patterson-UTI Energy (NASDAQ:PTEN): stock turned positive on Tuesday. Though the stock opened at $20.83, the bulls momentum made the stock top out at $21.02 level for the day. The stock recorded a low of $20.485 and closed the trading day at $20.83, in the green by 0.77%. The total traded volume for the day was 2,877,961. The stock had closed at $20.67 in the previous days trading.

Patterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling; Pressure Pumping, and Oil and Natural Gas. The Company markets its contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Companys Pressure Pumping segment provides pressure pumping services to oil and natural gas operators in Texas, Southwest Region and the Appalachian region, Northeast Region. The Companys Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner. The Companys oil and natural gas working interests are located in producing regions of Texas and New Mexico.

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