Downgrades Strong Buy Mkt Perform X

PTEN Patterson-UTI

Raymond James

Upgrades Neutral Buy X

PTEN Patterson-UTI

Goldman

$11 $10

Downgrades Buy Hold X

PTEN Patterson-UTI

The Benchmark Company

Initiated Neutral X

PTEN Patterson-UTI

Goldman

$12

Upgrades Neutral Buy X

PTEN Patterson-UTI

BofA Securities

$14 $16

Upgrades Neutral Buy X

PTEN Patterson-UTI

Citigroup

$15 $18

Initiated Buy X

PTEN Patterson-UTI

Stifel

$19

Upgrades Hold Buy X

PTEN Patterson-UTI

The Benchmark Company

Upgrades Sec Perform Outperform X

PTEN Patterson-UTI

RBC Capital Mkts

$19

Initiated Equal Weight X

PTEN Patterson-UTI

CapitalOne

$14

Initiated Hold X

PTEN Patterson-UTI

The Benchmark Company

Downgrades Buy Neutral X

PTEN Patterson-UTI

Citigroup

$18

Initiated Strong Buy X

PTEN Patterson-UTI

Raymond James

Resumed Overweight X

PTEN Patterson-UTI

Piper Sandler

$19

Downgrades Buy Neutral X

PTEN Patterson-UTI

BofA Securities

$22 $13.50

Downgrades Overweight Neutral X

PTEN Patterson-UTI

Piper Sandler

$21 $22.75

Upgrades Underweight Neutral X

PTEN Patterson-UTI

JP Morgan

$20

Initiated Buy X

PTEN Patterson-UTI

The Benchmark Company

$21

Upgrades Neutral Overweight X

PTEN Patterson-UTI

Piper Sandler

$10 $10.25

Upgrades Neutral Buy X

PTEN Patterson-UTI

Citigroup

$11

Upgrades Eq-Weight Overweight X

PTEN Patterson-UTI

Morgan Stanley

$10 $12

Upgrades Underperform Buy X

PTEN Patterson-UTI

BofA Securities

$9.25 $10.50

Upgrades Eq Weight Overweight X

PTEN Patterson-UTI

Barclays

$7 $9

Downgrades Buy Hold X

PTEN Patterson-UTI

Jefferies

$14.50 $11.50

Downgrades Outperform Mkt Perform X

PTEN Patterson-UTI

Wells Fargo

Reiterated Buy X

PTEN Patterson-UTI

BofA/Merrill

$20 $14

Initiated Neutral X

PTEN Patterson-UTI

Goldman

$16

Downgrades Overweight Neutral X

PTEN Patterson-UTI

JP Morgan

Upgrades Hold Buy X

PTEN Patterson-UTI

Societe Generale

Downgrades Outperform Neutral X

PTEN Patterson-UTI

Credit Suisse

Initiated Buy X

PTEN Patterson-UTI

BofA/Merrill

Initiated Peer Perform X

PTEN Patterson-UTI

Wolfe Research

Initiated Outperform X

PTEN Patterson-UTI

Bernstein

Upgrades Neutral Outperform X

PTEN Patterson-UTI

Credit Suisse

Upgrades Neutral Buy X

PTEN Patterson-UTI

Seaport Global Securities

$20

Downgrades Buy Neutral X

PTEN Patterson-UTI

Guggenheim

Downgrades Buy Hold X

PTEN Patterson-UTI

Societe Generale

Upgrades Mkt Perform Outperform X

PTEN Patterson-UTI

Cowen

$23 $26

Reiterated Market Perform X

PTEN Patterson-UTI

Cowen

$30 $23

PTEN  Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators. As of December 31, 2016, the Company had 202 marketed land-based drilling rigs. The Pressure Pumping segment provides pressure pumping services to oil and natural gas operators primarily in Texas (Southwest Region) and the Appalachian region (Northeast Region). The Other operations segment includes the Company's pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business. In addition, the Company owns and invests in oil and natural gas assets as a non-operating working interest owner in Texas and New Mexico.