UPDATE: Jefferies Lowers PT on Patterson-UTI Energy on Muted Outlook
July 09, 2013 at 10:52 AM EDT
In a report published Tuesday, Jefferies analyst Brad Handler reiterated a Hold rating on Patterson-UTI Energy (NASDAQ: PTEN ), but lowered the price target from $23.00 to $20.00. In the report, Jefferies noted, “Drilling efficiencies and an even-more muted gas outlook could leave the U.S. rig count flat for two
