BofA Securities analyst Saurabh Pant maintains $Patterson-UTI Energy (PTEN.US)$ with a buy rating, and adjusts the target price from $12.5 to $10.5.
According to TipRanks data, the analyst has a success rate of 40.0% and a total average return of -2.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Patterson-UTI Energy (PTEN.US)$'s main analysts recently are as follows:
A weakening in global oil demand growth coupled with plentiful supply is forecasted to present a challenging environment for Oilfield Services stock selection by 2025. It is believed that the current global oil supply and demand situation requires an immediate flattening of U.S. Land oil production. As a result, there has been an average reduction of 6% in price targets across the sector.
The firm has revised its outlook for the second half of 2024 and the year 2025 for U.S. activity, while also slightly lowering expectations for international growth during 2025. This has led to a reduction in estimates for covered oilfield services companies. The current projection is for roughly unchanged U.S. activity through 2025, and overall, the firm perceives a scarcity of immediate catalysts for stocks in this sector, except for the strong generation of free cash and returns of cash to shareholders.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
美銀證券分析師Saurabh Pant維持$Patterson-UTI Energy (PTEN.US)$買入評級，並將目標價從12.5美元下調至10.5美元。
根據TipRanks數據顯示，該分析師近一年總勝率為40.0%，總平均回報率為-2.1%。
此外，綜合報道，$Patterson-UTI Energy (PTEN.US)$近期主要分析師觀點如下：
預計到2025年，全球石油需求增長減弱，加上供應充足，將給油田服務公司的股票選擇帶來一個充滿挑戰的環境。據信，當前的全球石油供需狀況要求美國陸地石油產量立即趨於平緩。結果，整個行業的目標價格平均下降了6％。
該公司修改了對2024年下半年和2025年美國活動的展望，同時也略微下調了對2025年國際增長的預期。這導致受保油田服務公司的估計值下降。目前的預測是，到2025年，美國的活動將基本保持不變，總體而言，該公司認爲，除了大量的自由現金和向股東提供的現金回報外，該行業股票的直接催化劑很少。
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TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
