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Patterson-UTI Energy - PTEN Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $8.11
  • Forecasted Upside: -24.48%
  • Number of Analysts: 13
  • Breakdown:
  • 2 Sell Ratings
  • 6 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$10.74 As of 03/18/2026 05:00 PM ET
▲ +0.02 (0.19%)

This chart shows the closing price for PTEN by one month, three months, or twelve months.

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Analyst Price Target for PTEN

Analyst Price Target is $8.11
▼ -24.48% Downside Potential
This price target is based on 13 analysts offering 12 month price targets for Patterson-UTI Energy in the last 3 months. The average price target is $8.11, with a high forecast of $11.00 and a low forecast of $6.00. The average price target represents a -24.48% upside from the last price of $10.74.

This chart shows the closing price for PTEN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 13 polled investment analysts is to hold stock in Patterson-UTI Energy. This rating has held steady since June 2025, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 9 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2024
  • 1 strong buy ratings
  • 10 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2024
  • 0 strong buy ratings
  • 10 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/23/2025
  • 0 strong buy ratings
  • 7 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
6/21/2025
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
9/19/2025
  • 0 strong buy ratings
  • 3 buy ratings
  • 8 hold ratings
  • 2 sell ratings
Ratings as of
12/18/2025
  • 0 strong buy ratings
  • 3 buy ratings
  • 7 hold ratings
  • 2 sell ratings
Ratings as of
2/16/2026
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings
Ratings as of
3/18/2026

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/4/2026The Goldman Sachs GroupBoost TargetBuy ➝ Buy$7.00 ➝ $9.00
3/2/2026Bank of AmericaReiterated RatingBuy ➝ Buy
2/9/2026CitigroupBoost TargetNeutral ➝ Neutral$7.00 ➝ $9.00
2/9/2026Piper SandlerBoost TargetNeutral ➝ Neutral$7.00 ➝ $9.00
2/6/2026Royal Bank Of CanadaBoost TargetOutperform ➝ Outperform$8.00 ➝ $9.00
2/6/2026Stifel NicolausBoost TargetBuy ➝ Buy$9.00 ➝ $11.00
12/29/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
12/22/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
12/15/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
12/10/2025JPMorgan Chase & Co.Reiterated RatingNeutral ➝ Underweight$7.00 ➝ $6.00
12/8/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
12/1/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
11/25/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
11/19/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
11/13/2025Weiss RatingsReiterated RatingSell (D-) ➝ Sell (D-)
10/24/2025Royal Bank Of CanadaBoost TargetOutperform ➝ Outperform$7.00 ➝ $8.00
10/17/2025Tudor PickeringDowngradeStrong-Buy ➝ Hold
10/13/2025BarclaysReiterated RatingOverweight ➝ Equal Weight$7.00 ➝ $6.00
10/8/2025Weiss RatingsReiterated RatingSell (D) ➝ Sell (D)
9/27/2025Weiss RatingsReiterated RatingSell (D) ➝ Sell (D)
9/25/2025Zacks ResearchUpgradeStrong Sell ➝ Hold
9/3/2025SusquehannaLower TargetPositive ➝ Positive$8.00 ➝ $7.00
7/29/2025BarclaysLower TargetOverweight ➝ Overweight$8.00 ➝ $7.00
7/25/2025Royal Bank Of CanadaLower TargetOutperform ➝ Outperform$9.00 ➝ $8.50
7/25/2025Stifel NicolausLower TargetBuy ➝ Buy$12.00 ➝ $10.00
7/16/2025Stifel NicolausLower TargetBuy ➝ Buy$13.00 ➝ $12.00
7/15/2025Piper SandlerInitiated CoverageNeutral$7.00
6/4/2025SusquehannaLower TargetPositive ➝ Positive$9.00 ➝ $8.00
5/28/2025JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$9.00 ➝ $7.00
5/19/2025CitigroupReiterated RatingBuy ➝ Neutral$6.50
5/16/2025Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$9.00 ➝ $7.00
4/28/2025BarclaysLower TargetOverweight ➝ Overweight$11.00 ➝ $8.00
4/15/2025Stifel NicolausLower TargetBuy ➝ Buy$13.00 ➝ $12.00
4/14/2025SusquehannaLower TargetPositive ➝ Positive$10.00 ➝ $9.00
4/10/2025The Goldman Sachs GroupLower TargetNeutral ➝ Neutral$11.00 ➝ $8.00
3/27/2025Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$10.00 ➝ $9.00
1/6/2025Stifel NicolausLower TargetBuy ➝ Buy$14.00 ➝ $13.00
1/6/2025Raymond James FinancialDowngradeStrong-Buy ➝ Market Perform
12/13/2024The Goldman Sachs GroupUpgradeNeutral ➝ Buy$11.00 ➝ $10.00
10/31/2024CitigroupLower TargetBuy ➝ Buy$11.00 ➝ $10.00
10/25/2024Raymond James FinancialLower TargetStrong-Buy ➝ Strong-Buy$12.00 ➝ $11.00
10/25/2024Royal Bank Of CanadaLower TargetOutperform ➝ Outperform$12.00 ➝ $11.00
10/16/2024BarclaysLower TargetOverweight ➝ Overweight$14.00 ➝ $12.00
10/11/2024Stifel NicolausLower TargetBuy ➝ Buy$15.00 ➝ $14.00
10/11/2024SusquehannaLower TargetPositive ➝ Positive$13.00 ➝ $10.00
9/16/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$12.00 ➝ $10.00
9/13/2024CitigroupLower TargetBuy ➝ Buy$12.50 ➝ $11.00
9/4/2024ATB Cormark Capital MarketsLower TargetOutperform ➝ Outperform$12.00 ➝ $11.00
8/16/2024BarclaysLower TargetOverweight ➝ Overweight$15.00 ➝ $14.00
7/26/2024Royal Bank Of CanadaLower TargetOutperform ➝ Outperform$15.00 ➝ $14.00
7/16/2024Stifel NicolausLower TargetBuy ➝ Buy$19.00 ➝ $16.00
7/15/2024Bank of AmericaLower TargetBuy ➝ Buy$14.00 ➝ $12.50
7/15/2024Piper SandlerLower TargetOverweight ➝ Overweight$14.00 ➝ $12.00
7/11/2024SusquehannaLower TargetPositive ➝ Positive$14.00 ➝ $13.00
5/6/2024BenchmarkReiterated RatingHold
5/6/2024Piper SandlerLower TargetOverweight ➝ Overweight$17.00 ➝ $14.00
5/3/2024EvercoreLower TargetOutperform ➝ Outperform$18.00 ➝ $17.00
4/15/2024Bank of AmericaLower TargetBuy ➝ Buy$14.50 ➝ $14.00
4/8/2024SusquehannaReiterated RatingPositive ➝ Positive$16.00
4/1/2024SusquehannaReiterated RatingPositive ➝ Positive$16.00
2/20/2024EvercoreLower TargetOutperform ➝ Outperform$19.00 ➝ $18.00
2/16/2024Royal Bank Of CanadaLower TargetOutperform ➝ Outperform$17.00 ➝ $16.00
2/16/2024Raymond James FinancialLower TargetStrong-Buy ➝ Strong-Buy$16.00 ➝ $15.00
1/16/2024BenchmarkDowngradeBuy ➝ Hold
12/19/2023The Goldman Sachs GroupInitiated CoverageNeutral$12.00
11/14/2023BarclaysLower TargetOverweight ➝ Overweight$18.00 ➝ $16.00
11/13/2023Piper SandlerLower TargetOverweight ➝ Overweight$20.00 ➝ $19.00
11/9/2023Royal Bank Of CanadaLower TargetOutperform ➝ Outperform$19.00 ➝ $17.00
11/9/2023SusquehannaLower TargetPositive ➝ Positive$18.00 ➝ $16.00
11/9/2023Raymond James FinancialLower TargetStrong-Buy ➝ Strong-Buy$23.00 ➝ $21.00
10/17/2023Morgan StanleyDowngradeOverweight ➝ Equal Weight$20.00 ➝ $17.00
10/16/2023Bank of AmericaUpgradeNeutral ➝ Buy$14.00 ➝ $16.00
10/9/2023CitigroupUpgradeNeutral ➝ Buy$15.00 ➝ $18.00
10/2/2023Raymond James FinancialBoost TargetStrong-Buy ➝ Strong-Buy$18.00 ➝ $23.00
9/6/2023SusquehannaReiterated RatingPositive ➝ Positive$18.00
9/6/2023Royal Bank Of CanadaReiterated RatingOutperform ➝ Outperform$19.00
9/5/2023Stifel NicolausInitiated CoverageBuy$19.00
7/31/2023Royal Bank Of CanadaReiterated RatingOutperform ➝ Outperform$19.00
7/31/2023Morgan StanleyReiterated RatingOverweight ➝ Overweight$20.00
7/31/2023Piper SandlerBoost TargetOverweight ➝ Overweight$17.00 ➝ $19.00
7/19/2023BenchmarkUpgradeHold ➝ Buy
7/18/2023CitigroupBoost TargetNeutral$13.00 ➝ $15.00
7/10/2023Royal Bank Of CanadaUpgradeSector Perform ➝ Outperform$19.00
6/28/2023Capital One FinancialInitiated CoverageEqual Weight$14.00
6/20/2023Morgan StanleyBoost Target$18.00 ➝ $19.00
6/16/2023CitigroupBoost Target$12.00 ➝ $13.00
6/8/2023BarclaysLower Target$19.00 ➝ $16.00
6/2/2023SusquehannaLower Target$15.00 ➝ $13.00
5/19/2023CitigroupLower Target$14.00 ➝ $12.00
5/9/2023BarclaysLower Target$26.00 ➝ $19.00
5/1/2023Piper SandlerLower Target$24.00 ➝ $19.00
4/18/2023Morgan StanleyLower Target$20.00 ➝ $18.00
4/3/2023SusquehannaLower Target$24.00 ➝ $18.00
3/14/2023SusquehannaReiterated RatingPositive$24.00
2/22/2023CitigroupLower TargetNeutral$18.00 ➝ $16.00
2/13/2023Morgan StanleyLower TargetOverweight$22.00 ➝ $20.00
2/10/2023Royal Bank Of CanadaLower TargetSector Perform$24.00 ➝ $23.00
2/10/2023SusquehannaLower TargetPositive$26.00 ➝ $24.00
1/19/2023BenchmarkInitiated CoverageHold
1/17/2023CitigroupDowngradeBuy ➝ Neutral$18.00
12/9/2022Raymond James FinancialInitiated CoverageStrong-Buy
11/1/2022Piper SandlerBoost Target$24.00
11/1/2022Morgan StanleyBoost TargetOverweight$21.00 ➝ $22.00
10/28/2022BarclaysBoost TargetOverweight$24.00 ➝ $26.00
10/7/2022Piper SandlerReiterated RatingOverweight$19.00
9/26/2022Morgan StanleyBoost TargetOverweight$19.00 ➝ $21.00
8/9/2022BarclaysBoost Target$24.00
8/1/2022BarclaysBoost TargetOverweight$20.00 ➝ $24.00
8/1/2022Morgan StanleyBoost TargetOverweight$18.00 ➝ $19.00
7/15/2022Bank of AmericaDowngradeBuy ➝ Neutral$22.00 ➝ $13.50
7/13/2022Morgan StanleyLower TargetOverweight$20.00 ➝ $18.00
7/7/2022ATB Cormark Capital MarketsDowngradeOutperform ➝ Sector Perform
7/6/2022CitigroupBoost TargetBuy$17.00 ➝ $21.00
6/8/2022Susquehanna BancsharesBoost TargetPositive$20.00 ➝ $23.00
6/8/2022SusquehannaBoost Target$20.00 ➝ $23.00
5/31/2022Piper SandlerDowngradeOverweight ➝ Neutral$21.00 ➝ $22.75
5/26/2022JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$20.00
5/4/2022Piper SandlerBoost Target$20.00 ➝ $21.00
5/2/2022BarclaysBoost Target$16.00 ➝ $20.00
4/18/2022BenchmarkInitiated CoverageBuy$21.00
4/13/2022Piper SandlerBoost TargetOverweight$14.50 ➝ $20.00
4/11/2022Morgan StanleyBoost TargetOverweight$13.50 ➝ $18.00
2/15/2022CitigroupBoost TargetBuy$11.00 ➝ $15.00
2/15/2022JPMorgan Chase & Co.Boost TargetUnderweight$9.00 ➝ $11.00
2/15/2022Piper SandlerBoost TargetOverweight$10.25 ➝ $14.50
2/14/2022Morgan StanleyBoost TargetOverweight$12.50 ➝ $13.50
12/21/2021Piper SandlerUpgradeNeutral ➝ Overweight$10.00 ➝ $10.25
12/9/2021CitigroupUpgradeNeutral ➝ Buy$11.00
12/6/2021Morgan StanleyUpgradeEqual Weight ➝ Overweight$10.00 ➝ $12.00
11/2/2021Bank of AmericaUpgradeUnderperform ➝ Buy$9.25 ➝ $10.50
10/29/2021Royal Bank Of CanadaBoost TargetSector Perform$11.00 ➝ $12.00
10/25/2021BarclaysBoost TargetOverweight$9.00 ➝ $11.00
10/6/2021CitigroupBoost TargetNeutral$8.00 ➝ $10.00
9/9/2021Royal Bank Of CanadaReiterated RatingSector Perform$9.50
7/9/2021Morgan StanleyBoost TargetEqual Weight$7.50 ➝ $10.00
6/23/2021EvercoreUpgradeIn-Line ➝ Outperform$8.00 ➝ $12.00
5/3/2021BarclaysUpgradeEqual Weight ➝ Overweight$7.00 ➝ $9.00
3/25/2021Morgan StanleyBoost TargetEqual Weight$5.50 ➝ $7.50
(Data available from 3/19/2021 forward)

News Sentiment Rating

1.26 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/20/2025
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
9/19/2025
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/19/2025
  • 3 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/18/2025
  • 2 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/18/2025
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/17/2026
  • 7 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/16/2026
  • 26 very positive mentions
  • 7 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
3/18/2026

Current Sentiment

  • 26 very positive mentions
  • 7 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Patterson-UTI Energy logo
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.
Read More

Today's Range

Now: $10.74
Low: $10.47
High: $10.87

50 Day Range

MA: $8.25
Low: $6.75
High: $10.74

52 Week Range

Now: $10.74
Low: $5.10
High: $10.87

Volume

11,457,318 shs

Average Volume

11,124,170 shs

Market Capitalization

$4.08 billion

P/E Ratio

N/A

Dividend Yield

3.73%

Beta

0.71

Frequently Asked Questions

What sell-side analysts currently cover shares of Patterson-UTI Energy?

The following Wall Street research analysts have issued reports on Patterson-UTI Energy in the last twelve months: Bank of America Corporation, Barclays PLC, Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Royal Bank Of Canada, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Inc., Tudor Pickering, Wall Street Zen, Weiss Ratings, and Zacks Research.
View the latest analyst ratings for PTEN.

What is the current price target for Patterson-UTI Energy?

0 Wall Street analysts have set twelve-month price targets for Patterson-UTI Energy in the last year. Their average twelve-month price target is $8.11, suggesting a possible downside of 24.5%. Stifel Nicolaus has the highest price target set, predicting PTEN will reach $11.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $6.00 for Patterson-UTI Energy in the next year.
View the latest price targets for PTEN.

What is the current consensus analyst rating for Patterson-UTI Energy?

Patterson-UTI Energy currently has 2 sell ratings, 6 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PTEN, but not buy more shares or sell existing shares.
View the latest ratings for PTEN.

What other companies compete with Patterson-UTI Energy?

Other companies that are similar to Patterson-UTI Energy include Halliburton, Helmerich & Payne, Liberty Energy, Matador Resources and Murphy Oil. Learn More about companies similar to Patterson-UTI Energy.

How do I contact Patterson-UTI Energy's investor relations team?

Patterson-UTI Energy's physical mailing address is 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064. The oil and gas company's listed phone number is (281) 765-7100 and its investor relations email address is [email protected]. The official website for Patterson-UTI Energy is www.patenergy.com. Learn More about contacing Patterson-UTI Energy investor relations.