​

Patterson-UTI Energy (PTEN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PTEN Stock Forecast

Patterson-UTI Energy (PTEN) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $11.83, with a high of $13.00 and a low of $10.50. This represents a 43.05% increase from the last price of $8.27.

$7 $8 $9 $10 $11 $12 $13 High: $13 Avg: $11.83 Low: $10.5 Last Closed Price: $8.27

PTEN Stock Rating

Patterson-UTI Energy stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 2 Strong Buy (18.18%), 8 Buy (72.73%), 1 Hold (9.09%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 1 8 2 Strong Sell Sell Hold Buy Strong Buy

PTEN Forecast vs Benchmarks

TypeNameUpside
StockPatterson-UTI Energy43.05%
SectorEnergy Stocks 25.44%
IndustryOil & Gas Drilling Stocks48.28%

Price Target Trends

1M3M12M
# Anlaysts116
Avg Price Target$13.00$13.00$12.92
Last Closing Price$8.27$8.27$8.27
Upside/Downside57.19%57.19%56.23%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25675--18
Dec, 24685--19
Nov, 2471281-28
Oct, 2471281-28
Sep, 2471281-28
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 06, 2025Stephen GengaroStifel Nicolaus$13.00$8.6250.81%57.19%
Oct 16, 2024David AndersonBarclays$12.00$7.8952.09%45.10%
Oct 14, 2024Saurabh PantBank of America Securities$10.50$8.2926.66%26.96%
Jul 16, 2024Stephen GengaroStifel Nicolaus$16.00$10.4952.53%93.47%
Jul 15, 2024Luke LemoinePiper Sandler$12.00$10.2417.19%45.10%
May 06, 2024Luke LemoinePiper Sandler$14.00$10.6930.96%69.29%
Jul 06, 2022Citigroup$21.00$13.0061.54%153.93%
Jun 08, 2022Susquehanna$23.00$19.6716.93%178.11%
May 02, 2022Morgan Stanley$20.00$16.1423.92%141.84%
May 02, 2022Barclays$20.00$16.4421.65%141.84%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024BarclaysOverweightOverweighthold
Jul 26, 2024RBC CapitalOutperformOutperformhold
Jul 15, 2024Piper SandlerOverweightOverweighthold
Jun 25, 2024CitigroupBuyBuyhold
May 06, 2024Piper SandlerOverweightOverweighthold
May 03, 2024RBC CapitalUnderperformUnderperformhold
Apr 02, 2024CFRAStrong Buyupgrade
Apr 01, 2024RBC CapitalUnderperformUnderperformhold
Feb 16, 2024Raymond JamesStrong BuyStrong Buyhold
Oct 09, 2023Goldman SachsNeutraldowngrade

Financial Forecast

EPS Forecast

$-5 $-4 $-3 $-2 $-1 $0 $1 $2 $3 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-4.27$-3.37$0.72$0.88----
Avg Forecast$-2.26$-1.90$0.65$1.10$0.11$-0.12$0.15$0.58
High Forecast$-2.65$-2.22$0.62$0.97$0.04$-0.22$-1.51$0.55
Low Forecast$-2.10$-1.76$0.67$1.34$0.17$0.03$2.21$0.61
Surprise %88.94%77.37%10.77%-20.00%----

Revenue Forecast

$1B $2B $3B $4B $5B $6B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.12B$1.36B$2.65B$4.15B----
Avg Forecast$1.12B$1.33B$2.62B$4.18B$5.45B$5.15B$5.36B$5.59B
High Forecast$1.05B$1.25B$2.54B$4.14B$5.41B$4.96B$5.34B$5.32B
Low Forecast$1.26B$1.50B$2.70B$4.20B$5.53B$5.29B$5.38B$5.86B
Surprise %0.60%2.35%0.98%-0.85%----

Net Income Forecast

$-2B $-1B $-500M $0 $500M $1B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-803.69M$-657.08M$154.66M$246.29M----
Avg Forecast$-847.54M$-619.54M$-394.36M$246.29M$29.62M$-61.75M$89.53M$161.58M
High Forecast$-1.02B$-743.45M$-508.69M$174.89M$10.77M$-62.12M$-423.44M$153.09M
Low Forecast$-678.03M$-495.64M$-280.03M$317.69M$48.46M$9.71M$618.86M$170.07M
Surprise %-5.17%6.06%-139.22%-----

PTEN Forecast FAQ

Is Patterson-UTI Energy stock a buy?

Patterson-UTI Energy stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 2 Strong Buy, 8 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Patterson-UTI Energy is a favorable investment for most analysts.

What is Patterson-UTI Energy's price target?

Patterson-UTI Energy's price target, set by 11 Wall Street analysts, averages $11.83 over the next 12 months. The price target range spans from $10.5 at the low end to $13 at the high end, suggesting a potential 43.05% change from the previous close price of $8.27.

How does Patterson-UTI Energy stock forecast compare to the average forecast of its sector, industry, and investment themes?

Patterson-UTI Energy stock forecast shows a 43.05% upside, outperforming the average forecast for the energy stocks sector (25.44%) and underperforming the oil & gas drilling stocks industry (48.28%).

What is the breakdown of analyst ratings for Patterson-UTI Energy over the past three months?

  • January 2025: 33.33% Strong Buy, 38.89% Buy, 27.78% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 31.58% Strong Buy, 42.11% Buy, 26.32% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 25.00% Strong Buy, 42.86% Buy, 28.57% Hold, 3.57% Sell, 0% Strong Sell.

What is Patterson-UTI Energy’s EPS forecast?

Patterson-UTI Energy's average annual EPS forecast for its fiscal year ending in December is 0.11 for 2024, a -87.50% decrease from the reported $0.88 in 2023. The prediction for 2025 is $-0.12, $0.15 for 2026, and $0.58 for 2027.

What is Patterson-UTI Energy’s revenue forecast?

Patterson-UTI Energy's average annual revenue forecast for its fiscal year ending in December is $5.45B for 2024, a 31.38% increase from the reported $4.15B in 2023. The forecast for 2025 is $5.15B, $5.36B for 2026, and $5.59B for 2027.

What is Patterson-UTI Energy’s net income forecast?

For its fiscal year ending in December, Patterson-UTI Energy's average annual net income forecast is $29.62M for 2024, reflecting a -87.97% decrease from the reported $246.29M in 2023. The projection for 2025 is $-61.751M, $89.53M for 2026, and $161.58M for 2027.