What 8 analyst notes have to say about Patterson-UTI Energy
In the last 3 months, 8 analysts have published their opinion on Patterson-UTI Energy PTEN Stock. These analysts are typically employed by major Wall Street banks and tasked with understanding a company’s business in order to predict how a stock will trade over the coming year.
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In the past 3 months, 8 analysts have offered 12-Month price targets for Patterson-UTI Energy. The company has an average price target of $20.22 with a high of $22.75 and a low of $18.00.
Below is a summary of how these 8 analysts have rated Patterson-UTI Energy over the past 3 months. The higher the number of bullish ratings, the more analysts are positive on the security and the higher the number of bearish ratings, the more analysts are negative on the security
This current average is up 26.37% from the previous average price target of $16.00.
Ratings come from analysts or specialists in banking and financial systems who report for specific stocks or defined sectors (usually once a quarter for each stock). Analysts typically draw their information from company conference calls and meetings, financial statements, and conversations with important insiders to make their decisions.
Some analysts publish their forecasts for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and industry analysts are also human and only offer their opinions to investors.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.