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PTEN

Patterson-UTI

$10.09

(0.00%)

16:26
01/13/20
01/13
16:26
01/13/20
16:26

Patterson-UTI initiated with an Underperform at Bernstein

Bernstein initiated coverage of Patterson-UTI Energy with an Underperform rating and $7.50 price target.

  • 06

    Feb

PTEN Patterson-UTI
$10.09

(0.00%)

12/12/19
DBAB
12/12/19
NO CHANGE
DBAB
Buy
Deutsche Bank initiates 'Catalyst Call Buy' on Halliburton
Deutsche Bank analyst Chris Snyder initiated a "Catalyst Call Buy" on shares of Halliburton (HAL), paired against Patterson-UTI (PTEN), a stock he has a Sell rating on. The U.S. completions market, where Halliburton is the industry leader, has bottomed, and incremental data points will point to tightening industry fundamentals, Snyder tells investors in a research note. The U.S. pressure-pumping market has realized up to 20% attrition in 2019, and there's opportunity for further retirements over the near term as companies head into year-end equipment reviews, adds the analyst.
12/13/19
JPMS
12/13/19
DOWNGRADE
Target $6
JPMS
Underweight
Patterson-UTI downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Sean Meakim downgraded Patterson-UTI to Underweight from Neutral with a price target of $6, down from $7, in conjunction with his 2020 Oil Services outlook. The analyst thinks the company is disadvantaged in terms of customer mix and geography across both pumping and drilling in a declining activity environment. Patterson-UTI is above average in drilling but "middle of the pack" in pumping, says the analyst, who notes that he struggles to get to consensus expectations.
12/13/19
12/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lovesac (LOVE) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying the company reported lower than expected revenue growth in fiscal Q3 and has experienced a sustained deceleration in revenue growth over the past few quarters. 2. Hanesbrands (HBI) downgraded to Underperform from Neutral at BofA/Merrill with analyst Heather Balsky saying she sees risk of multiple contraction as Champion sales decelerate from "peak levels" and the C9 exit from Target constrains the company's 2020 sales and earnings growth. 3. Huntington Bancshares (HBAN) downgraded to Neutral from Buy at UBS with analyst Brock Vandervliet saying the shares have rallied 29% year-to-date, outperforming the sector by nine points. 4. Patterson-UTI (PTEN) and Oil States (OIS) downgraded to Underweight from Neutral at JPMorgan. 5. Gilead (GILD) downgraded to Underperform from Neutral at Credit Suisse with analyst Evan Seigerman saying the company's setup for 2020 "remains challenging" with an "unclear" strategy from new management. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/31/19
PIPR
12/31/19
NO CHANGE
PIPR
Piper says land driller valuations 'less compelling' after recent rally
Piper Jaffray Simmons Energy analyst John Watson noted that land drillers' stocks were up 30% on average in Q4, which he sees making the valuations for the group "less compelling." While continued investment in technology will be a clear positive for those with best-in-class rigs - including Helmerich & Payne (HP), Nabors Industries (NBR), Patterson-UTI (PTEN) and Precision Drilling (PDS) - Watson thinks the "inconvenient truth for the land drillers" is that E&P capital discipline will preclude the group from earning its cost of capital in the near-term. Still, he maintains Overweight ratings on Helmerich & Payne, Patterson-UTI and Precision Drilling and has a Neutral rating on Nabors Industries.

TODAY'S FREE FLY STORIES

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$31.20

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KKR

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$31.20

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APO

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BX

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CG

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HLNE

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GOOG

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CMCSK

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CMCSA

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GOOGL

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JWN

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$40.34

-0.15 (-0.37%)

, WMT

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WMT

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CSPR

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  • 21

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BA

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-7.89 (-2.38%)

, DDAIF

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FCAU

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VWAGY

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$0.00

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FSLR

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AAPL

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$318.66

3.33 (1.06%)

DQ

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$53.61

-0.025 (-0.05%)

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  • 28

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SPOT

Spotify

$148.20

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  • 05

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CE

Celanese

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BYND

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DBD

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IEF

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, SHY

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UBSFY

Ubisoft

$0.00

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IMVT

Immunovant

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TBLT

ToughBuilt

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MYO

Myomo

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  • 21

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SRRA

Sierra Oncology

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  • 21

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SRNE

Sorrento Therapeutics

$4.26

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AKER

Akers Biosciences

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ECA

Encana

$4.09

-0.18 (-4.22%)

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Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

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$0.00

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16:30
01/17/20
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Options
Preliminary option volume of 28.7M today »

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