Patterson-UTI Energy - PTEN Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $21.17
  • Forecasted Upside: 29.22%
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 4 Buy Ratings
  • 1 Strong Buy Ratings
$16.38
▲ +0.38 (2.38%)

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

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Patterson-UTI Energy Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for PTEN and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for PTEN

Analyst Price Target is $21.17
▲ +29.22% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Patterson-UTI Energy in the last 3 months. The average price target is $21.17, with a high forecast of $26.00 and a low forecast of $13.50. The average price target represents a 29.22% upside from the last price of $16.38.

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

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Buy

The current consensus among 10 investment analysts is to buy stock in Patterson-UTI Energy. This rating has held steady since December 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/16/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
11/14/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
2/12/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
5/13/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 0 sell ratings
8/11/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
11/9/2022
  • 1 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
1/8/2023
  • 1 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
2/7/2023

Latest Recommendations

  • 1 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/19/2023BenchmarkInitiated CoverageHoldLow
1/17/2023CitigroupDowngradeBuy ➝ Neutral$18.00Low
12/9/2022Raymond JamesInitiated CoverageStrong-BuyLow
11/1/2022Piper SandlerBoost Target$24.00Low
11/1/2022Morgan StanleyBoost TargetOverweight$21.00 ➝ $22.00Low
10/28/2022BarclaysBoost TargetOverweight$24.00 ➝ $26.00Low
10/7/2022Piper SandlerReiterated RatingOverweight$19.00Low
9/26/2022Morgan StanleyBoost TargetOverweight$19.00 ➝ $21.00Low
8/9/2022BarclaysBoost Target$24.00Low
8/1/2022BarclaysBoost TargetOverweight$20.00 ➝ $24.00Low
8/1/2022Morgan StanleyBoost TargetOverweight$18.00 ➝ $19.00Low
7/15/2022Bank of AmericaDowngradeBuy ➝ Neutral$22.00 ➝ $13.50Low
7/13/2022Morgan StanleyLower TargetOverweight$20.00 ➝ $18.00Low
7/7/2022Atb Cap MarketsDowngradeOutperform ➝ Sector PerformLow
7/6/2022CitigroupBoost TargetBuy$17.00 ➝ $21.00N/A
6/8/2022Susquehanna BancsharesBoost TargetPositive$20.00 ➝ $23.00Medium
6/8/2022SusquehannaBoost Target$20.00 ➝ $23.00Low
5/31/2022Piper SandlerDowngradeOverweight ➝ Neutral$21.00 ➝ $22.75Low
5/26/2022JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$20.00High
5/4/2022Piper SandlerBoost Target$20.00 ➝ $21.00Medium
5/2/2022BarclaysBoost Target$16.00 ➝ $20.00Low
4/18/2022BenchmarkInitiated CoverageBuy$21.00Medium
4/13/2022Piper SandlerBoost TargetOverweight$14.50 ➝ $20.00Low
4/11/2022Morgan StanleyBoost TargetOverweight$13.50 ➝ $18.00Medium
2/15/2022CitigroupBoost TargetBuy$11.00 ➝ $15.00High
2/15/2022JPMorgan Chase & Co.Boost TargetUnderweight$9.00 ➝ $11.00High
2/15/2022Piper SandlerBoost TargetOverweight$10.25 ➝ $14.50High
2/14/2022Morgan StanleyBoost TargetOverweight$12.50 ➝ $13.50High
12/21/2021Piper SandlerUpgradeNeutral ➝ Overweight$10.00 ➝ $10.25High
12/9/2021CitigroupUpgradeNeutral ➝ Buy$11.00High
12/6/2021Morgan StanleyUpgradeEqual Weight ➝ Overweight$10.00 ➝ $12.00Medium
11/2/2021Bank of AmericaUpgradeUnderperform ➝ Buy$9.25 ➝ $10.50High
10/29/2021Royal Bank of CanadaBoost TargetSector Perform$11.00 ➝ $12.00Medium
10/25/2021BarclaysBoost TargetOverweight$9.00 ➝ $11.00High
10/6/2021CitigroupBoost TargetNeutral$8.00 ➝ $10.00High
9/9/2021Royal Bank of CanadaReiterated RatingSector Perform$9.50Medium
7/9/2021Morgan StanleyBoost TargetEqual Weight$7.50 ➝ $10.00Medium
6/23/2021Evercore ISIUpgradeIn-Line ➝ Outperform$8.00 ➝ $12.00Low
5/3/2021BarclaysUpgradeEqual Weight ➝ Overweight$7.00 ➝ $9.00High
3/25/2021Morgan StanleyBoost TargetEqual Weight$5.50 ➝ $7.50High
12/15/2020Smith Barney CitigroupBoost Target$3.00 ➝ $6.00Medium
12/9/2020Atb Cap MarketsUpgradeUnderperform ➝ Sector PerformMedium
8/10/2020Royal Bank of CanadaReiterated RatingBuyHigh
7/26/2020BarclaysReiterated RatingHold$4.00High
7/24/2020Credit Suisse GroupBoost TargetUnderperform$2.40 ➝ $2.75Medium
7/16/2020ScotiabankDowngradeSector Perform ➝ Sector Underperform$2.00Low
7/8/2020Morgan StanleyBoost TargetEqual Weight$2.50 ➝ $3.50High
6/4/2020Royal Bank of CanadaReiterated RatingBuy$4.50Medium
5/28/2020Piper SandlerBoost TargetNeutral$2.00 ➝ $4.00Low
5/28/2020CitigroupBoost TargetNeutral$1.90 ➝ $4.50High
4/27/2020G.ResearchDowngradeBuy ➝ HoldHigh
4/27/2020GabelliDowngradeBuy ➝ HoldHigh
4/26/2020BarclaysReiterated RatingHold$3.00Low
4/24/2020CfraLower TargetSell$6.50 ➝ $2.50Medium
4/24/2020Credit Suisse GroupLower TargetUnderperform$2.50 ➝ $2.00High
4/24/2020Royal Bank of CanadaBoost TargetOutperform$2.75 ➝ $3.50High
4/14/2020CowenDowngradeOutperform ➝ Market Perform$3.00Medium
4/6/2020Piper SandlerBoost TargetNeutral$2.00High
4/6/2020Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$6.90 ➝ $2.10High
4/3/2020CitigroupLower TargetNeutral$2.50 ➝ $1.90High
3/20/2020StephensDowngradeHold$2.50Low
3/19/2020Wolfe ResearchDowngradePeer Perform ➝ UnderperformHigh
3/18/2020Royal Bank of CanadaReiterated RatingBuy$2.75High
3/17/2020Evercore ISIDowngradeHoldHigh
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight$11.00 ➝ $2.50Low
3/13/2020Piper SandlerDowngradeOverweight ➝ NeutralHigh
3/10/2020Raymond JamesDowngradeStrong-Buy ➝ Market PerformHigh
3/9/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
2/10/2020Morgan StanleyLower TargetOverweight$12.00 ➝ $11.00Low
2/9/2020Evercore ISIReiterated RatingBuy$9.00Low
2/6/2020CfraLower TargetSell$7.50 ➝ $6.50High
1/14/2020Bernstein BankInitiated CoverageUnderperform$7.50High
1/13/2020Sanford C. BernsteinInitiated CoverageUnderperform$7.50Medium
12/18/2019AltaCorp CapitalDowngradeOutperform ➝ UnderperformLow
12/13/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$7.00 ➝ $6.00Low
12/3/2019Credit Suisse GroupDowngradeNeutral ➝ Underperform$11.00 ➝ $6.50Medium
11/27/2019Deutsche Bank AktiengesellschaftInitiated CoverageSell$7.00Medium
11/19/2019Deutsche Bank AktiengesellschaftInitiated CoverageSell$7.00 ➝ $7.00High
10/25/2019Wolfe ResearchSet TargetBuy$11.00N/A
10/25/2019Royal Bank of CanadaSet TargetBuy$10.00N/A
10/25/2019BarclaysReiterated RatingHold$9.00High
10/8/2019Bank of AmericaDowngradeBuy ➝ NeutralLow
10/7/2019Morgan StanleyLower TargetOverweight$14.00 ➝ $13.00High
9/30/2019CitigroupDowngradeBuy ➝ Neutral$12.00 ➝ $9.50Low
9/26/2019BarclaysInitiated CoverageEqual Weight$10.00Low
9/23/2019CitigroupLower TargetBuy$13.00 ➝ $12.00Low
9/12/2019Wells Fargo & CompanyDowngradeMarket Perform ➝ UnderperformHigh
8/28/2019Bank of AmericaLower TargetBuy$12.00 ➝ $9.00High
8/7/2019ScotiabankDowngradeSector Outperform ➝ Sector Perform$9.00Low
8/2/2019Jefferies Financial GroupDowngradeBuy ➝ Hold$14.50 ➝ $11.50Low
7/30/2019Piper Jaffray CompaniesLower TargetOverweight$13.00 ➝ $12.00High
7/26/2019Royal Bank of CanadaSet TargetBuy$17.00N/A
7/26/2019Raymond JamesSet TargetBuy$17.00N/A
7/26/2019UBS GroupSet TargetBuy$17.00N/A
7/26/2019Wells Fargo & CompanySet TargetHold$12.00N/A
7/26/2019Credit Suisse GroupLower TargetNeutral$14.00 ➝ $11.00Low
7/12/2019Raymond JamesSet TargetBuy$19.00High
7/12/2019Morgan StanleyLower TargetOverweight$18.00 ➝ $17.00Medium
6/27/2019Wells Fargo & CompanyDowngradeOutperform ➝ Market Perform$13.00High
6/25/2019Bank of AmericaReiterated RatingBuy ➝ Buy$20.00 ➝ $14.00Low
6/20/2019AltaCorp CapitalReiterated RatingOutperformMedium
6/18/2019Royal Bank of CanadaLower TargetOutperform$21.00Low
4/30/2019CitigroupLower TargetBuy ➝ Buy$20.00 ➝ $19.00High
4/26/2019Raymond JamesSet TargetBuy$21.00Low
3/10/2019The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$16.00Medium
3/5/2019Bank of AmericaSet TargetHold$20.00High
2/8/2019Raymond JamesSet TargetBuy$20.00Low
2/8/2019Piper Jaffray CompaniesSet TargetBuy$20.00Low
1/17/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$16.00 ➝ $12.00High
12/20/2018UBS GroupSet TargetBuy$18.00Medium
12/19/2018Societe GeneraleUpgradeHold ➝ BuyHigh
12/19/2018Credit Suisse GroupDowngradeOutperform ➝ Neutral$19.00 ➝ $12.00High
12/10/2018Wolfe ResearchUpgradeMarket Perform ➝ BuyMedium
10/26/2018UBS GroupSet TargetBuy$23.00Medium
10/26/2018Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$21.00 ➝ $22.00N/A
10/26/2018Piper Jaffray CompaniesSet TargetBuy$23.00Medium
10/17/2018Bank of AmericaInitiated CoverageBuy ➝ BuyMedium
10/10/2018Wolfe ResearchInitiated CoveragePeer Perform ➝ Peer PerformHigh
10/5/2018Piper Jaffray CompaniesSet TargetBuy$22.00Low
10/4/2018Sanford C. BernsteinInitiated CoverageOutperform ➝ Outperform$21.00Low
9/14/2018CitigroupLower TargetBuy$25.00 ➝ $23.00High
8/9/2018BMO Capital MarketsSet TargetBuy$21.00Low
7/27/2018Susquehanna BancsharesSet TargetBuy$26.00Low
7/27/2018Jefferies Financial GroupReiterated RatingBuy$22.00High
7/27/2018Credit Suisse GroupUpgradeNeutral ➝ Outperform$22.00 ➝ $19.00High
7/27/2018Royal Bank of CanadaReiterated RatingBuy$28.00High
7/26/2018MacquarieUpgradeUnderperform ➝ NeutralHigh
7/11/2018BMO Capital MarketsSet TargetBuy$23.00Low
7/6/2018GuggenheimDowngradeBuy ➝ NeutralHigh
4/30/2018CitigroupBoost TargetBuy ➝ Buy$24.00 ➝ $25.00Medium
4/19/2018Societe GeneraleDowngradeBuy ➝ Hold$22.00Medium
4/13/2018CowenUpgradeMarket Perform ➝ Outperform$23.00 ➝ $26.00High
4/12/2018Wolfe ResearchUpgradeMarket Perform ➝ OutperformLow
2/15/2018GuggenheimSet TargetBuy$25.00Low
2/14/2018BMO Capital MarketsUpgradeMarket Perform ➝ BuyMedium
2/9/2018BMO Capital MarketsSet TargetMarket Perform ➝ Hold$27.00 ➝ $24.00Low
2/9/2018Deutsche Bank AktiengesellschaftLower TargetBuy ➝ Buy$26.00 ➝ $25.00Medium
2/9/2018Jefferies Financial GroupSet TargetBuy$25.00High
2/9/2018CitigroupSet TargetBuy ➝ Buy$28.00 ➝ $24.00High
2/9/2018CowenReiterated RatingMarket Perform ➝ Market Perform$30.00 ➝ $23.00High
(Data available from 2/7/2018 forward)

News Sentiment Rating

0.98 (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
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
7/12/2022
  • 9 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/11/2022
  • 8 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/10/2022
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/10/2022
  • 11 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/9/2022
  • 7 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/9/2022
  • 11 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/8/2023
  • 11 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
2/7/2023

Current Sentiment

  • 11 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Patterson-UTI Energy logo
Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment and technology. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to major and independent oil and natural gas operators. The Pressure Pumping Services segment offers pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment consists of downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.
Read More

Today's Range

Now: $16.38
Low: $15.90
High: $16.47

50 Day Range

MA: $16.64
Low: $15.30
High: $17.95

52 Week Range

Now: $16.38
Low: $10.29
High: $20.53

Volume

1,266,867 shs

Average Volume

2,671,551 shs

Market Capitalization

$3.55 billion

P/E Ratio

N/A

Dividend Yield

2.02%

Beta

2.31

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: Atb Cap Markets, Bank of America Co., Barclays PLC, Benchmark Co., Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Raymond James, StockNews.com, Susquehanna, Susquehanna Bancshares, Inc., and TheStreet.
View the latest analyst ratings for PTEN.

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

9 Wall Street analysts have set twelve-month price targets for Patterson-UTI Energy in the last year. Their average twelve-month price target is $21.17, suggesting a possible upside of 32.3%. Barclays PLC has the highest price target set, predicting PTEN will reach $26.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $13.50 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 5 hold ratings, 4 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PTEN will outperform the market and that investors should add to their positions of Patterson-UTI Energy.
View the latest ratings for PTEN.

What other companies compete with 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.