Patterson-UTI Energy Inc. (PTEN) shares surpassed the average 12-month analyst target price of $17.11, reaching $17.16 on recent trading activity. The company has 11 analyst targets contributing to this average, with a spectrum ranging from a low of $11.00 to a high of $21.00, and a standard deviation of $3.989.
Currently, there are 5 strong buy ratings and 1 buy rating among analysts, with an average rating of 2.05 on a scale where 1 represents a strong buy and 5 a strong sell. This marks a slight increase in bullish sentiment compared to previous months when the average rating was 1.95.
