Patterson-UTI Energy - PTEN Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $15.67
  • Forecasted Upside: 59.38%
  • Number of Analysts: 13
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 8 Buy Ratings
  • 1 Strong Buy Ratings
$9.83
▼ -0.27 (-2.67%)

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 $15.67
▲ +59.38% Upside 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 $15.67, with a high forecast of $19.00 and a low forecast of $12.00. The average price target represents a 59.38% upside from the last price of $9.83.

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 Moderate Buy

The current consensus among 13 contributing investment analysts is to moderate buy stock in Patterson-UTI Energy. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
12/22/2022
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
3/22/2023
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/20/2023
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
9/18/2023
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
12/17/2023
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
3/16/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
5/15/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/14/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/6/2024BenchmarkReiterated RatingHoldLow
5/6/2024Piper SandlerLower TargetOverweight ➝ Overweight$17.00 ➝ $14.00Low
5/3/2024Evercore ISILower TargetOutperform ➝ Outperform$18.00 ➝ $17.00Low
4/15/2024Bank of AmericaLower TargetBuy ➝ Buy$14.50 ➝ $14.00Low
4/8/2024SusquehannaReiterated RatingPositive ➝ Positive$16.00Low
4/1/2024SusquehannaReiterated RatingPositive ➝ Positive$16.00Low
2/20/2024Evercore ISILower TargetOutperform ➝ Outperform$19.00 ➝ $18.00Low
2/16/2024Royal Bank of CanadaLower TargetOutperform ➝ Outperform$17.00 ➝ $16.00Low
2/16/2024Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$16.00 ➝ $15.00Low
1/16/2024BenchmarkDowngradeBuy ➝ HoldLow
12/19/2023The Goldman Sachs GroupInitiated CoverageNeutral$12.00Low
11/14/2023BarclaysLower TargetOverweight ➝ Overweight$18.00 ➝ $16.00Low
11/13/2023Piper SandlerLower TargetOverweight ➝ Overweight$20.00 ➝ $19.00Low
11/9/2023Royal Bank of CanadaLower TargetOutperform ➝ Outperform$19.00 ➝ $17.00Low
11/9/2023SusquehannaLower TargetPositive ➝ Positive$18.00 ➝ $16.00Low
11/9/2023Raymond JamesLower TargetStrong-Buy ➝ Strong-Buy$23.00 ➝ $21.00Low
10/17/2023Morgan StanleyDowngradeOverweight ➝ Equal Weight$20.00 ➝ $17.00Low
10/16/2023Bank of AmericaUpgradeNeutral ➝ Buy$14.00 ➝ $16.00Low
10/9/2023CitigroupUpgradeNeutral ➝ Buy$15.00 ➝ $18.00Low
10/2/2023Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$18.00 ➝ $23.00Low
9/6/2023SusquehannaReiterated RatingPositive ➝ Positive$18.00Low
9/6/2023Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$19.00Low
9/5/2023Stifel NicolausInitiated CoverageBuy$19.00Low
7/31/2023Royal Bank of CanadaReiterated RatingOutperform ➝ Outperform$19.00Low
7/31/2023Morgan StanleyReiterated RatingOverweight ➝ Overweight$20.00Low
7/31/2023Piper SandlerBoost TargetOverweight ➝ Overweight$17.00 ➝ $19.00Low
7/19/2023BenchmarkUpgradeHold ➝ BuyLow
7/18/2023CitigroupBoost TargetNeutral$13.00 ➝ $15.00Low
7/10/2023Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$19.00Low
6/28/2023Capital One FinancialInitiated CoverageEqual Weight$14.00Low
6/20/2023Morgan StanleyBoost Target$18.00 ➝ $19.00Low
6/16/2023CitigroupBoost Target$12.00 ➝ $13.00Low
6/8/2023BarclaysLower Target$19.00 ➝ $16.00Low
6/2/2023SusquehannaLower Target$15.00 ➝ $13.00Low
5/19/2023CitigroupLower Target$14.00 ➝ $12.00Low
5/9/2023BarclaysLower Target$26.00 ➝ $19.00Low
5/1/2023Piper SandlerLower Target$24.00 ➝ $19.00Low
4/18/2023Morgan StanleyLower Target$20.00 ➝ $18.00Low
4/3/2023SusquehannaLower Target$24.00 ➝ $18.00Low
3/14/2023SusquehannaReiterated RatingPositive$24.00Low
2/22/2023CitigroupLower TargetNeutral$18.00 ➝ $16.00Low
2/13/2023Morgan StanleyLower TargetOverweight$22.00 ➝ $20.00Low
2/10/2023Royal Bank of CanadaLower TargetSector Perform$24.00 ➝ $23.00Low
2/10/2023SusquehannaLower TargetPositive$26.00 ➝ $24.00Low
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 Sandler 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
(Data available from 6/14/2019 forward)

News Sentiment Rating

1.57 (Strong 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
  • 1 negative mentions
  • 0 very negative mentions
11/17/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/17/2023
  • 13 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
1/16/2024
  • 26 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/15/2024
  • 23 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/16/2024
  • 16 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
4/15/2024
  • 19 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/15/2024
  • 18 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/14/2024

Current Sentiment

  • 18 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
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: $9.83
Low: $9.78
High: $10.05

50 Day Range

MA: $11.05
Low: $10.10
High: $12.52

52 Week Range

Now: $9.83
Low: $9.73
High: $16.17

Volume

7,911,873 shs

Average Volume

6,452,627 shs

Market Capitalization

$3.95 billion

P/E Ratio

14.46

Dividend Yield

3.07%

Beta

2.18

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 Co., Barclays PLC, Benchmark Co., Capital One Financial Co., Citigroup Inc., Evercore ISI, Morgan Stanley, Piper Sandler, Raymond James, Royal Bank of Canada, Stifel Nicolaus, StockNews.com, Susquehanna, The Goldman Sachs Group, Inc., and TheStreet.
View the latest analyst ratings for PTEN.

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

12 Wall Street analysts have set twelve-month price targets for Patterson-UTI Energy in the last year. Their average twelve-month price target is $15.67, suggesting a possible upside of 59.4%. Stifel Nicolaus has the highest price target set, predicting PTEN will reach $19.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $12.00 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 4 hold ratings, 8 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
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.