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

Tuesday, September 27, 2022 01:54 PM | InvestorsObserver Analysts
Patterson-UTI Energy, Inc. (PTEN) Stock: Do Analysts Think You Should Buy?

Analysts who follow Patterson-UTI Energy, Inc. (PTEN) on average expect it to increase 77.26% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 43, which means it ranks higher than 43 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.2
Wall Street analysts are rating PTEN a Strong 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 0.95% while the S&P 500 is down -0.69% as of 1:54 PM on Tuesday, Sep 27. PTEN is higher by $0.11 from the previous closing price of $11.11 on volume of 1,406,810 shares. Over the past year the S&P 500 has fallen -18.31% while PTEN is higher by 22.09%. PTEN lost -$2.16 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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