-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下: 我們將PTEN的12個月目標價從6.50美元上調至9.50美元,相當於企業價值與2027年預期EBITDA之比為4.8倍,與PTEN的歷史預期平均水準基本一致。我們採用7.7%的加權平均資本成本(WACC)和2.0%的終端成長率建構的現金流量折現模型(DCF)也顯示,該股估值略高。我們將2026年每股營運虧損預期收窄0.13美元至0.21美元,同樣,將2027年每股營運虧損預期收窄0.27美元至0.02美元。 PTEN的股價目前比其歷史預期EBITDA均值高出約20%,我們認為,看好該公司前景的關鍵在於其完井服務業務板塊(該板塊在2026年第一季扣除公司費用前佔EBITDA的37%)即將迎來近期拐點。平心而論,非上市公司的油氣勘探開發公司似乎確實在加大投入以應對原油價格飆升,但我們預計上市油氣勘探開發公司至少在2027年之前不會出現類似舉動,而且投入規模可能不及PTEN所期望的程度。
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