Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast

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Citi Upgrades Patterson-UTI Energy (PTEN) to Buy, 'FCF Prospects Appear Underappreciated'

October 9, 2023 5:10 AM EDT

Citi analyst Scott Gruber upgraded Patterson-UTI Energy (NASDAQ: PTEN) from Neutral to Buy with a price target of $18.00 (from $15.00).

The analyst comments "The upcoming recovery in U.S. drilling is likely modest by historical standards which we believe is currently weighing on... More