NASDAQ:PTEN - Patterson-UTI Energy Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $19.93
  • Forecasted Upside: 38.66 %
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$14.37
+0 (0.00%)

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Analyst Price Target for PTEN

Analyst Price Target is $19.93
▲ +38.66% 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 $19.93, with a high forecast of $24.00 and a low forecast of $12.00. The average price target represents a 38.66% upside from the last price of $14.37.

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 Buy

The current consensus among 10 polled investment analysts is to buy stock in Patterson-UTI Energy. This rating has held steady since July 2021, 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
  • 4 buy ratings
  • 10 hold ratings
  • 4 sell ratings
2/15/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 2 sell ratings
5/16/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/14/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
11/12/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
2/10/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
5/11/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
7/10/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/9/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/1/2022BarclaysBoost Price TargetOverweight$20.00 ➝ $24.00Low
8/1/2022Morgan StanleyBoost Price TargetOverweight$18.00 ➝ $19.00Low
7/15/2022Bank of AmericaDowngradeBuy ➝ Neutral$22.00 ➝ $13.50Low
7/13/2022Morgan StanleyLower Price TargetOverweight$20.00 ➝ $18.00Low
7/7/2022Atb Cap MarketsDowngradeOutperform ➝ Sector PerformLow
7/6/2022CitigroupBoost Price TargetBuy$17.00 ➝ $21.00N/A
6/8/2022Susquehanna BancsharesBoost Price TargetPositive$20.00 ➝ $23.00Medium
6/8/2022SusquehannaBoost Price 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 Price Target$20.00 ➝ $21.00Medium
5/2/2022BarclaysBoost Price Target$16.00 ➝ $20.00Low
4/18/2022BenchmarkInitiated CoverageBuy$21.00Medium
4/13/2022Piper SandlerBoost Price TargetOverweight$14.50 ➝ $20.00Low
4/11/2022Morgan StanleyBoost Price TargetOverweight$13.50 ➝ $18.00Medium
2/15/2022CitigroupBoost Price TargetBuy$11.00 ➝ $15.00High
2/15/2022JPMorgan Chase & Co.Boost Price TargetUnderweight$9.00 ➝ $11.00High
2/15/2022Piper SandlerBoost Price TargetOverweight$10.25 ➝ $14.50High
2/14/2022Morgan StanleyBoost Price 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 Price TargetSector Perform$11.00 ➝ $12.00Medium
10/25/2021BarclaysBoost Price TargetOverweight$9.00 ➝ $11.00High
10/6/2021CitigroupBoost Price TargetNeutral$8.00 ➝ $10.00High
9/9/2021Royal Bank of CanadaReiterated RatingSector Perform$9.50Medium
7/9/2021Morgan StanleyBoost Price 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 Price TargetEqual Weight$5.50 ➝ $7.50High
12/15/2020Smith Barney CitigroupBoost Price 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 Price TargetUnderperform$2.40 ➝ $2.75Medium
7/16/2020ScotiabankDowngradeSector Perform ➝ Sector Underperform$2.00Low
7/8/2020Morgan StanleyBoost Price TargetEqual Weight$2.50 ➝ $3.50High
6/4/2020Royal Bank of CanadaReiterated RatingBuy$4.50Medium
5/28/2020Piper SandlerBoost Price TargetNeutral$2.00 ➝ $4.00Low
5/28/2020CitigroupBoost Price TargetNeutral$1.90 ➝ $4.50High
4/27/2020G.ResearchDowngradeBuy ➝ HoldHigh
4/27/2020GabelliDowngradeBuy ➝ HoldHigh
4/26/2020BarclaysReiterated RatingHold$3.00Low
4/24/2020CfraLower Price TargetSell$6.50 ➝ $2.50Medium
4/24/2020Credit Suisse GroupLower Price TargetUnderperform$2.50 ➝ $2.00High
4/24/2020Royal Bank of CanadaBoost Price TargetOutperform$2.75 ➝ $3.50High
4/14/2020CowenDowngradeOutperform ➝ Market Perform$3.00Medium
4/6/2020Piper SandlerBoost Price TargetNeutral$2.00High
4/6/2020Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$6.90 ➝ $2.10High
4/3/2020CitigroupLower Price 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 Price TargetOverweight$12.00 ➝ $11.00Low
2/9/2020Evercore ISIReiterated RatingBuy$9.00Low
2/6/2020CfraLower Price 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 Price TargetBuy$11.00N/A
10/25/2019Royal Bank of CanadaSet Price TargetBuy$10.00N/A
10/25/2019BarclaysReiterated RatingHold$9.00High
10/8/2019Bank of AmericaDowngradeBuy ➝ NeutralLow
10/7/2019Morgan StanleyLower Price TargetOverweight$14.00 ➝ $13.00High
9/30/2019CitigroupDowngradeBuy ➝ Neutral$12.00 ➝ $9.50Low
9/26/2019BarclaysInitiated CoverageEqual Weight$10.00Low
9/23/2019CitigroupLower Price TargetBuy$13.00 ➝ $12.00Low
9/12/2019Wells Fargo & CompanyDowngradeMarket Perform ➝ UnderperformHigh
8/28/2019Bank of AmericaLower Price 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 Price TargetOverweight$13.00 ➝ $12.00High
7/26/2019Royal Bank of CanadaSet Price TargetBuy$17.00N/A
7/26/2019Raymond JamesSet Price TargetBuy$17.00N/A
7/26/2019UBS GroupSet Price TargetBuy$17.00N/A
7/26/2019Wells Fargo & CompanySet Price TargetHold$12.00N/A
7/26/2019Credit Suisse GroupLower Price TargetNeutral$14.00 ➝ $11.00Low
7/12/2019Raymond JamesSet Price TargetBuy$19.00High
7/12/2019Morgan StanleyLower Price 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 Price TargetOutperform$21.00Low
4/30/2019CitigroupLower Price TargetBuy ➝ Buy$20.00 ➝ $19.00High
4/26/2019Raymond JamesSet Price TargetBuy$21.00Low
3/10/2019The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$16.00Medium
3/5/2019Bank of AmericaSet Price TargetHold$20.00High
2/8/2019Raymond JamesSet Price TargetBuy$20.00Low
2/8/2019Piper Jaffray CompaniesSet Price TargetBuy$20.00Low
1/17/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$16.00 ➝ $12.00High
12/20/2018UBS GroupSet Price 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 Price TargetBuy$23.00Medium
10/26/2018Raymond JamesBoost Price TargetStrong-Buy ➝ Strong-Buy$21.00 ➝ $22.00N/A
10/26/2018Piper Jaffray CompaniesSet Price TargetBuy$23.00Medium
10/17/2018Bank of AmericaInitiated CoverageBuy ➝ BuyMedium
10/10/2018Wolfe ResearchInitiated CoveragePeer Perform ➝ Peer PerformHigh
10/5/2018Piper Jaffray CompaniesSet Price TargetBuy$22.00Low
10/4/2018Sanford C. BernsteinInitiated CoverageOutperform ➝ Outperform$21.00Low
9/14/2018CitigroupLower Price TargetBuy$25.00 ➝ $23.00High
8/9/2018BMO Capital MarketsSet Price TargetBuy$21.00Low
7/27/2018Susquehanna BancsharesSet Price 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 Price TargetBuy$23.00Low
7/6/2018GuggenheimDowngradeBuy ➝ NeutralHigh
4/30/2018CitigroupBoost Price 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 Price TargetBuy$25.00Low
2/14/2018BMO Capital MarketsUpgradeMarket Perform ➝ BuyMedium
2/9/2018BMO Capital MarketsSet Price TargetMarket Perform ➝ Hold$27.00 ➝ $24.00Low
2/9/2018Deutsche Bank AktiengesellschaftLower Price TargetBuy ➝ Buy$26.00 ➝ $25.00Medium
2/9/2018Jefferies Financial GroupSet Price TargetBuy$25.00High
2/9/2018CitigroupSet Price TargetBuy ➝ Buy$28.00 ➝ $24.00High
2/9/2018CowenReiterated RatingMarket Perform ➝ Market Perform$30.00 ➝ $23.00High
2/5/2018Royal Bank of CanadaSet Price TargetBuy$34.00Medium
1/12/2018ScotiabankUpgradeSector Perform ➝ Sector OutperformLow
1/12/2018Scotia Howard WeillUpgradeSector Perform ➝ Sector OutperformMedium
1/12/2018Howard WeilUpgradeSector Perform ➝ Sector OutperformMedium
1/11/2018CowenSet Price TargetHold$30.00Medium
1/9/2018StephensInitiated CoverageOverweight$29.00Medium
1/4/2018Jefferies Financial GroupSet Price TargetBuy$30.00Medium
12/6/2017SunTrust BanksBoost Price TargetBuy$31.00Low
10/31/2017Piper Jaffray CompaniesSet Price TargetBuy$24.00N/A
10/27/2017Credit Suisse GroupBoost Price TargetNeutral$17.00 ➝ $21.00N/A
10/27/2017CowenReiterated RatingMarket Perform ➝ Market Perform$24.00 ➝ $20.00N/A
10/18/2017CowenSet Price TargetHold$24.00N/A
10/10/2017Deutsche Bank AktiengesellschaftInitiated CoverageBuy$25.00N/A
10/5/2017Jefferies Financial GroupSet Price TargetBuy$26.00N/A
10/5/2017CitigroupSet Price TargetBuy$19.00 ➝ $24.00N/A
10/3/2017SunTrust BanksReiterated RatingBuy$33.00 ➝ $25.00Low
9/22/2017Credit Suisse GroupLower Price TargetNeutral$22.00 ➝ $20.00Low
9/17/2017CowenReiterated RatingHold$24.00Low
9/5/2017Piper Jaffray CompaniesReiterated RatingBuyHigh
9/5/2017JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$24.00High
8/31/2017Societe GeneraleInitiated CoverageBuy ➝ Buy$22.00Low
8/30/2017CitigroupUpgradeNeutral ➝ Buy$21.00 ➝ $19.00Low
(Data available from 8/9/2017 forward)

News Sentiment Rating

0.92 (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
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/10/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/9/2022
  • 8 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/11/2022
  • 4 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/10/2022
  • 6 very positive mentions
  • 11 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
5/10/2022
  • 5 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/9/2022
  • 6 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
7/9/2022
  • 13 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/8/2022

Current Sentiment

  • 13 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Patterson-UTI Energy logo
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
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Today's Range

Now: $14.37
Low: $14.05
High: $14.52

50 Day Range

MA: $15.61
Low: $12.69
High: $19.75

52 Week Range

Now: $14.37
Low: $6.44
High: $20.53

Volume

1,879,125 shs

Average Volume

2,780,802 shs

Market Capitalization

$3.12 billion

P/E Ratio

N/A

Dividend Yield

1.11%

Beta

2.27

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, Royal Bank of Canada, StockNews.com, Susquehanna, and Susquehanna Bancshares, Inc..
View the latest analyst ratings for PTEN.

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

10 Wall Street analysts have set twelve-month price targets for Patterson-UTI Energy in the last year. Their average twelve-month price target is $19.93, suggesting a possible upside of 38.7%. Barclays PLC has the highest price target set, predicting PTEN will reach $24.00 in the next twelve months. Royal Bank of Canada 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 5 hold ratings and 5 buy ratings 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.