CLSA Downgrades Patterson-UTI Energy To Underperform

CLSA downgraded Patterson-UTI Energy, Inc. PTEN from Outperform to Underperform. The price target for Patterson-UTI Energy has been raised from $17.00 to $22.00. Patterson-UTI Energy shares have dropped 34.91 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period. Patterson-UTI Energy shares fell 0.47 percent to close at $21.40 on Friday.