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Patterson-UTI Energy, Inc. (PTEN) Stock: Do Analysts Think You Should Accumulate?

Monday, May 16, 2022 11:00 AM | InvestorsObserver Analysts
Patterson-UTI Energy, Inc. (PTEN) Stock: Do Analysts Think You Should Accumulate?

Wall Street is positive on Patterson-UTI Energy, Inc. (PTEN). On average, analysts give PTEN a Buy rating. The average price target is $17.113, which means analysts expect the stock to increase by 8.04% over the next twelve months. That average ranking earns PTEN an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating PTEN a Buy today. Find out what this means to you and get the rest of the rankings on PTEN!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Patterson-UTI Energy, Inc. Stock Today?

Patterson-UTI Energy, Inc. (PTEN) stock is higher by 4.76% while the S&P 500 is lower by -0.41% as of 10:59 AM on Monday, May 16. PTEN has gained $0.72 from the previous closing price of $15.12 on volume of 583,777 shares. Over the past year the S&P 500 is down -3.74% while PTEN has gained 76.39%. PTEN lost -$2.80 per share the over the last 12 months. Click Here to get the full Stock Report for Patterson-UTI Energy, Inc. stock.

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