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Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to Neutral in a statement released on 06/21/2017.

Having a price of $19.72, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) traded 1.14% higher on the day. With the last close down -11.33% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Patterson-UTI Energy, Inc. has recorded a 50-day average of $17.11 and a two hundred day average of $21.04. Volume of trade was up over the average, with 11,951,336 shares of PTEN changing hands over the typical 4,357,690

Performance Chart

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. has with a one year low of $14.83 and a one year high of $29.76 and has a market capitalization of $0.

A total of 29 brokerages have released a report on Patterson-UTI Energy, Inc.. Four brokerages rating the company a strong buy, eleven brokerages rating the company a buy, thirteen brokerages rating the company a hold, five brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $19.52.

General Company Details For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators. As of December 31, 2016, the Company had 202 marketed land-based drilling rigs. The Pressure Pumping segment provides pressure pumping services to oil and natural gas operators primarily in Texas (Southwest Region) and the Appalachian region (Northeast Region). The Other operations segment includes the Company's pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business. In addition, the Company owns and invests in oil and natural gas assets as a non-operating working interest owner in Texas and New Mexico.

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