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Patterson-UTI Energy (NASDAQ:PTEN) Price Target Raised to $11.00
Stifel Nicolaus has raised its price target for Patterson-UTI Energy (NASDAQ:PTEN) to $11.00 from $9.00, maintaining a “buy” rating. This new target implies a potential upside of 28.43% from the stock’s current price, despite the MarketBeat consensus rating remaining “Hold” with an average target of $7.39. The adjustment follows Patterson-UTI Energy exceeding quarterly earnings and revenue expectations, leading to a 4.8% stock increase.