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Hot Stocks
Patterson-UTI reports an average of 110 drilling rigs operating in December » 06:07
01/06/22
01/06
06:07
01/06/22
06:07
PTEN

Patterson-UTI

$9.02 /

-0.56 (-5.85%)

Patterson-UTI reported…

Patterson-UTI reported that for the month of December, the company had an average of 110 drilling rigs operating in the United States. For the three months ended December 31, 2021, the company had an average of 106 drilling rigs operating in the United States.

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PTEN Patterson-UTI
$9.02 /

-0.56 (-5.85%)

PTEN Patterson-UTI
$9.02 /

-0.56 (-5.85%)

12/21/21 Piper Sandler
Patterson-UTI upgraded to Overweight from Neutral at Piper Sandler
12/09/21 Citi
Patterson-UTI upgraded to Buy with $11 target at Citi
12/09/21 Citi
Patterson-UTI upgraded to Buy from Neutral at Citi
12/07/21 Morgan Stanley
Helmerich & Payne cut to Underweight at Morgan Stanley on relative valuation
PTEN Patterson-UTI
$9.02 /

-0.56 (-5.85%)

PTEN Patterson-UTI
$9.02 /

-0.56 (-5.85%)

Upgrade
Patterson-UTI upgraded to Overweight from Neutral at Piper Sandler » 05:41
12/21/21
12/21
05:41
12/21/21
05:41
PTEN

Patterson-UTI

$7.74 /

-0.26 (-3.25%)

Piper Sandler analyst Ian…

Piper Sandler analyst Ian Macpherson upgraded Patterson-UTI to Overweight from Neutral with a price target of $10.25, up from $10. The analyst sees an improving fundamental and free cash flow outlook going into 2022. The correction from early-November highs for the land drilling stocks has "sanitized" valuations, Macpherson tells investors in a research note. The analyst says that while omicron concerns has taken spot crude prices down 20%, positive rig count momentum has so far been "undented." He views Patterson-UTI as attractively valued at current levels.

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PTEN Patterson-UTI
$7.74 /

-0.26 (-3.25%)

PTEN Patterson-UTI
$7.74 /

-0.26 (-3.25%)

12/09/21 Citi
Patterson-UTI upgraded to Buy with $11 target at Citi
12/09/21 Citi
Patterson-UTI upgraded to Buy from Neutral at Citi
12/07/21 Morgan Stanley
Helmerich & Payne cut to Underweight at Morgan Stanley on relative valuation
12/07/21 Morgan Stanley
Patterson-UTI upgraded to Overweight at Morgan Stanley
PTEN Patterson-UTI
$7.74 /

-0.26 (-3.25%)

PTEN Patterson-UTI
$7.74 /

-0.26 (-3.25%)

Over a month ago
Upgrade
Patterson-UTI upgraded to Buy with $11 target at Citi » 16:20
12/09/21
12/09
16:20
12/09/21
16:20
PTEN

Patterson-UTI

$8.46 /

-0.01 (-0.12%)

, NOV

NOV Inc.

$13.53 /

+0.17 (+1.27%)

Citi analyst Scott Gruber…

Citi analyst Scott Gruber upgraded Patterson-UTI (PTEN) to Buy from Neutral with an $11 price target. The analyst expects "sizable" estimate revisions to domestic businesses in the oilfield service sector in the first half of 2021 as double-digit pricing gains materialize and restart costs subside. For Patterson-UTI, he sees 13% upside to EBITDA estimates as rising spot rates and fading start-up costs should drive margin upside. NOV Inc. (NOV) is Gruber's top pick for 2022 as he believes rising end market demand and fading supply chain issues should drive positive revisions.

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PTEN Patterson-UTI
$8.46 /

-0.01 (-0.12%)

NOV NOV Inc.
$13.53 /

+0.17 (+1.27%)

PTEN Patterson-UTI
$8.46 /

-0.01 (-0.12%)

12/09/21 Citi
Patterson-UTI upgraded to Buy from Neutral at Citi
12/07/21 Morgan Stanley
Helmerich & Payne cut to Underweight at Morgan Stanley on relative valuation
12/07/21 Morgan Stanley
Patterson-UTI upgraded to Overweight at Morgan Stanley
12/06/21 Morgan Stanley
Patterson-UTI upgraded to Overweight from Equal Weight at Morgan Stanley
NOV NOV Inc.
$13.53 /

+0.17 (+1.27%)

09/08/21 RBC Capital
NOV Inc. assumed with a Sector Perform at RBC Capital
07/19/21 BMO Capital
NOV Inc. upgraded to Market Perform from Underperform at BMO Capital
07/16/21 BofA
NOV Inc. upgraded to Buy from Neutral at BofA
07/15/21 Seaport Global
NOV Inc. initiated with a Buy at Seaport Global
PTEN Patterson-UTI
$8.46 /

-0.01 (-0.12%)

NOV NOV Inc.
$13.53 /

+0.17 (+1.27%)

PTEN Patterson-UTI
$8.46 /

-0.01 (-0.12%)

NOV NOV Inc.
$13.53 /

+0.17 (+1.27%)

Upgrade
Patterson-UTI upgraded to Buy from Neutral at Citi » 16:09
12/09/21
12/09
16:09
12/09/21
16:09
PTEN

Patterson-UTI

$8.49 /

+0.02 (+0.24%)

Citi analyst Scott Gruber…

Citi analyst Scott Gruber upgraded Patterson-UTI to Buy from Neutral.

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PTEN Patterson-UTI
$8.49 /

+0.02 (+0.24%)

PTEN Patterson-UTI
$8.49 /

+0.02 (+0.24%)

12/07/21 Morgan Stanley
Helmerich & Payne cut to Underweight at Morgan Stanley on relative valuation
12/07/21 Morgan Stanley
Patterson-UTI upgraded to Overweight at Morgan Stanley
12/06/21 Morgan Stanley
Patterson-UTI upgraded to Overweight from Equal Weight at Morgan Stanley
11/02/21
Fly Intel: Top five analyst upgrades
PTEN Patterson-UTI
$8.49 /

+0.02 (+0.24%)

PTEN Patterson-UTI
$8.49 /

+0.02 (+0.24%)

Downgrade
Helmerich & Payne cut to Underweight at Morgan Stanley on relative valuation » 08:30
12/07/21
12/07
08:30
12/07/21
08:30
HP

Helmerich & Payne

$22.31 /

+0.73 (+3.38%)

, PTEN

Patterson-UTI

$7.68 /

+0.2 (+2.67%)

Morgan Stanley analyst…

Morgan Stanley analyst Connor Lynagh downgraded Helmerich & Payne (HP) to Underweight from Equal Weight with a price target of $27, down from $30. He thinks a more risk-on view for this group, and for the broader oil services industry, is appropriate at this point in the cycle and in light of recent trading action, Lynagh tells investors. In this context, he is adjusting his relative ratings for an environment where we think companies with high operating leverage and undemanding valuations will outperform, the analyst tells investors. The analyst, who also upgraded Patterson-UTI (PTEN) to Overweight from Equal Weight, sees this as "a relative value pair that is going to work in a more risk-on environment."

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PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

HP Helmerich & Payne
$22.31 /

+0.73 (+3.38%)

HP Helmerich & Payne
$22.31 /

+0.73 (+3.38%)

12/06/21 Morgan Stanley
Helmerich & Payne downgraded to Underweight from Equal Weight at Morgan Stanley
11/19/21 Susquehanna
Helmerich & Payne results missed but outlook better, says Susquehanna
10/25/21 Barclays
Helmerich & Payne price target raised to $35 from $29 at Barclays
09/08/21 RBC Capital
Helmerich & Payne assumed with an Outperform at RBC Capital
PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

12/07/21 Morgan Stanley
Patterson-UTI upgraded to Overweight at Morgan Stanley
12/06/21 Morgan Stanley
Patterson-UTI upgraded to Overweight from Equal Weight at Morgan Stanley
11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

HP Helmerich & Payne
$22.31 /

+0.73 (+3.38%)

PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

HP Helmerich & Payne
$22.31 /

+0.73 (+3.38%)

HP Helmerich & Payne
$22.31 /

+0.73 (+3.38%)

Upgrade
Patterson-UTI upgraded to Overweight at Morgan Stanley » 08:25
12/07/21
12/07
08:25
12/07/21
08:25
PTEN

Patterson-UTI

$7.68 /

+0.2 (+2.67%)

As previously reported,…

As previously reported, Morgan Stanley analyst Connor Lynagh upgraded Patterson-UTI to Overweight from Equal Weight with a price target of $12, up from $10. He calls out Patterson-UTI as "an outlier on the upside," given that his 2022-23 EBITDA revisions are about 5-10% above peer average revisions. Recent data points from the company have given him more confidence that integration efforts on the recent acquisition of Pioneer Energy Services are on track and in its ability to gain market share with the standalone, ex-Pioneer rig fleet, Lynagh tells investors.

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PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

12/06/21 Morgan Stanley
Patterson-UTI upgraded to Overweight from Equal Weight at Morgan Stanley
11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
10/25/21 Barclays
Patterson-UTI price target raised to $11 from $9 at Barclays
PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

Upgrade
Patterson-UTI upgraded to Overweight from Equal Weight at Morgan Stanley » 18:08
12/06/21
12/06
18:08
12/06/21
18:08
PTEN

Patterson-UTI

$7.68 /

+0.2 (+2.67%)

Morgan Stanley analyst…

Morgan Stanley analyst Connor Lynagh upgraded Patterson-UTI to Overweight from Equal Weight with a price target of $12, up from $10.

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PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
10/25/21 Barclays
Patterson-UTI price target raised to $11 from $9 at Barclays
09/08/21 RBC Capital
Patterson-UTI assumed with a Sector Perform at RBC Capital
PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

PTEN Patterson-UTI
$7.68 /

+0.2 (+2.67%)

Hot Stocks
Patterson-UTI reports an average of 106 drilling rigs operating in November » 06:13
12/03/21
12/03
06:13
12/03/21
06:13
PTEN

Patterson-UTI

$7.29 /

+0.36 (+5.19%)

Patterson-UTI reported…

Patterson-UTI reported that for the month of November, the company had an average of 106 drilling rigs operating in the United States. For the two months ended November 30, the company had an average of 104 drilling rigs operating in the United States.

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PTEN Patterson-UTI
$7.29 /

+0.36 (+5.19%)

PTEN Patterson-UTI
$7.29 /

+0.36 (+5.19%)

11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
10/25/21 Barclays
Patterson-UTI price target raised to $11 from $9 at Barclays
09/08/21 RBC Capital
Patterson-UTI assumed with a Sector Perform at RBC Capital
PTEN Patterson-UTI
$7.29 /

+0.36 (+5.19%)

PTEN Patterson-UTI
$7.29 /

+0.36 (+5.19%)

Conference/Events
Patterson-UTI management to meet with Piper Sandler » 04:55
12/01/21
12/01
04:55
12/01/21
04:55
PTEN

Patterson-UTI

$7.04 /

-0.13 (-1.81%)

Group Luncheon Meeting…

Group Luncheon Meeting with President & CEO Hendricks, Jr to be held in New York on December 1 hosted by Piper Sandler.

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PTEN Patterson-UTI
$7.04 /

-0.13 (-1.81%)

PTEN Patterson-UTI
$7.04 /

-0.13 (-1.81%)

11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
10/25/21 Barclays
Patterson-UTI price target raised to $11 from $9 at Barclays
09/08/21 RBC Capital
Patterson-UTI assumed with a Sector Perform at RBC Capital
PTEN Patterson-UTI
$7.04 /

-0.13 (-1.81%)

PTEN Patterson-UTI
$7.04 /

-0.13 (-1.81%)

Conference/Events
Patterson-UTI management to meet with Piper Sandler » 10:42
11/24/21
11/24
10:42
11/24/21
10:42
PTEN

Patterson-UTI

$7.65 /

+0.02 (+0.26%)

Group Luncheon Meeting…

Group Luncheon Meeting with President & CEO Hendricks, Jr to be held in New York on December 1 hosted by Piper Sandler.

ShowHide Related Items >><<
PTEN Patterson-UTI
$7.65 /

+0.02 (+0.26%)

PTEN Patterson-UTI
$7.65 /

+0.02 (+0.26%)

11/02/21
Fly Intel: Top five analyst upgrades
11/02/21 BofA
Patterson-UTI upgraded to Buy from Underperform at BofA
10/25/21 Barclays
Patterson-UTI price target raised to $11 from $9 at Barclays
09/08/21 RBC Capital
Patterson-UTI assumed with a Sector Perform at RBC Capital
PTEN Patterson-UTI
$7.65 /

+0.02 (+0.26%)

PTEN Patterson-UTI
$7.65 /

+0.02 (+0.26%)

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