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.
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