Piper Sandler Raises Price Target on Patterson-UTI Energy (PTEN) Due to Improved U.S. Shale Outlook
On May 27, Piper Sandler raised its price target for Patterson-UTI Energy from $12 to $13 while maintaining a Neutral rating due to an improved outlook in the US shale sector. The company also revised upward its Q2 2026 EBITDA forecast and plans to increase land rigs by mid-2026.
Tickers: $PTEN