Weekly Recap: PTEN Q1 revenue decline and Citigroup keeps Neutral, cuts PT
Patterson-UTI Energy (NASDAQ:PTEN) reported Q1 revenue of $1.12B, down 12.7% YoY, but topped earnings and EBITDA estimates; despite the beat, the stock has slid about 19.9% to near $8.66 and Citigroup kept a Neutral rating while trimming its target to $10.50.Previous Week Recap This is…