Patterson-UTI Energy (NASDAQ:PTEN) Stock Price Expected to Rise, Morgan Stanley Analyst Says
Morgan Stanley raised its price target for Patterson-UTI Energy (PTEN) to $10 from $7, maintaining an "equal weight" rating, despite a consensus "Hold" rating from analysts with an average target of $9.44. The company recently exceeded quarterly earnings and revenue estimates but continues to show negative net margin and return on equity. While institutional ownership is high at 97.9%, a director recently sold a significant number of shares.
https://www.marketbeat.com/instant-alerts/patterson-uti-energy-nasdaqpten-stock-price-expected-to-rise-morgan-stanley-analyst-says-2026-04-15/