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

  • Consensus Rating: Hold
  • Consensus Price Target: $9.30
  • Forecasted Upside: 9.54 %
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$8.49
▲ +0.54 (6.79%)

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 $9.30
▲ +9.54% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Patterson-UTI Energy in the last 3 months. The average price target is $9.30, with a high forecast of $12.00 and a low forecast of $6.00. The average price target represents a 9.54% upside from the last price of $8.49.

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 5 polled investment analysts is to hold stock in Patterson-UTI Energy. This rating changed within the last month from a Buy 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
  • 5 buy ratings
  • 8 hold ratings
  • 10 sell ratings
3/31/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 11 hold ratings
  • 10 sell ratings
6/29/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 10 hold ratings
  • 9 sell ratings
9/27/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 11 hold ratings
  • 6 sell ratings
12/26/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 9 hold ratings
  • 3 sell ratings
3/26/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 2 sell ratings
6/24/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/23/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
9/22/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
9/4/2019Seaport Global SecuritiesSet Price TargetBuy$16.00Low
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
7/27/2018Seaport Global SecuritiesUpgradeNeutral ➝ Buy$26.00 ➝ $20.00High
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
2/12/2018Seaport Global SecuritiesReiterated RatingHold$24.00Low
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
7/31/2017UBS GroupReiterated RatingBuy$35.00 ➝ $25.00Low
7/29/2017Jefferies Financial GroupSet Price TargetBuy$26.00Low
7/27/2017Capital One FinancialDowngradeOverweight ➝ Equal WeightLow
7/27/2017Piper Jaffray CompaniesSet Price TargetBuy$22.00Low
7/20/2017Seaport Global SecuritiesReiterated RatingNeutralHigh
7/20/2017Royal Bank of CanadaReiterated RatingBuy$29.00High
7/13/2017BMO Capital MarketsReiterated RatingHold$23.00Low
7/12/2017Piper Jaffray CompaniesReiterated RatingNeutral$22.00 ➝ $20.50Low
7/11/2017CowenReiterated RatingHold$24.00Medium
6/24/2017Royal Bank of CanadaSet Price TargetBuy$35.00Low
6/21/2017Seaport Global SecuritiesDowngradeBuy ➝ Neutral$29.00 ➝ $21.00Medium
6/6/2017Jefferies Financial GroupSet Price TargetBuy$32.00Low
6/6/2017Evercore ISIReiterated RatingOutperform$35.00Low
6/6/2017Wolfe ResearchDowngradeOutperform ➝ Market PerformMedium
5/19/2017Royal Bank of CanadaReiterated RatingBuy$35.00Low
5/19/2017BMO Capital MarketsSet Price TargetHold$28.00Low
5/15/2017Capital One FinancialUpgradeEqual Weight ➝ OverweightMedium
5/8/2017Capital One FinancialUpgradeEqual Weight ➝ OverweightLow
5/3/2017Jefferies Financial GroupReiterated RatingBuy$35.00 ➝ $32.00High
4/28/2017Deutsche Bank AktiengesellschaftLower Price TargetHold$31.00 ➝ $28.00Low
4/28/2017Morgan StanleyReiterated RatingOverweight ➝ OverweightMedium
4/24/2017Jefferies Financial GroupSet Price TargetBuy$35.00High
4/13/2017BMO Capital MarketsReiterated RatingHold$28.00High
4/5/2017Nomura SecuritiesUpgradeNeutral ➝ BuyMedium
4/5/2017Nomura InstinetUpgradeNeutral ➝ Buy$26.00 ➝ $31.00Medium
4/3/2017Tudor PickeringUpgradeHold ➝ BuyLow
3/23/2017Tudor PickeringInitiated CoverageHoldLow
3/22/2017ScotiabankReiterated RatingHold$30.00Low
3/20/2017Jefferies Financial GroupSet Price TargetBuy$35.00Low
2/20/2017GuggenheimUpgradeNeutral ➝ BuyN/A
2/16/2017UBS GroupReiterated RatingBuy$35.00 ➝ $38.00N/A
2/16/2017Jefferies Financial GroupReiterated RatingBuy$34.00N/A
2/14/2017GuggenheimUpgradeNeutral ➝ Buy$40.00N/A
2/11/2017BMO Capital MarketsSet Price TargetHold$28.00N/A
2/10/2017Wolfe ResearchUpgradeMarket Perform ➝ OutperformN/A
2/10/2017UBS GroupBoost Price Target$38.00N/A
2/10/2017Jefferies Financial GroupBoost Price Target$34.00N/A
1/25/2017The Goldman Sachs GroupReiterated RatingNeutral$32.00N/A
1/19/2017CowenDowngradeOutperform ➝ Market Perform$26.00N/A
1/18/2017SunTrust BanksInitiated CoverageBuy$33.00N/A
1/12/2017BMO Capital MarketsReiterated RatingHold$26.00N/A
1/9/2017Royal Bank of CanadaReiterated RatingBuy$35.00N/A
1/4/2017KeyCorpUpgradeSector Weight ➝ Overweight$35.00N/A
1/4/2017Credit Suisse GroupUpgradeUnderperform ➝ Neutral$18.00 ➝ $23.00N/A
12/16/2016The Goldman Sachs GroupDowngradeBuy ➝ Neutral$25.00 ➝ $30.00N/A
12/14/2016Evercore ISIReiterated RatingBuy$27.00 ➝ $30.00N/A
12/14/2016WunderlichSet Price TargetHold$24.00 ➝ $27.00N/A
12/13/2016StephensUpgradeUnderweight ➝ Equal WeightN/A
12/7/2016JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$14.00 ➝ $24.00N/A
12/6/2016GuggenheimDowngradeBuy ➝ NeutralN/A
12/1/2016StephensReiterated RatingUnderweightN/A
11/30/2016Bank of AmericaUpgradeNeutral ➝ BuyN/A
10/28/2016ScotiabankReiterated RatingSector Perform$22.00 ➝ $27.00N/A
10/28/2016Howard WeilBoost Price TargetSector Perform$22.00 ➝ $27.00N/A
10/19/2016Jefferies Financial GroupReiterated RatingBuy$29.00N/A
10/11/2016CitigroupBoost Price TargetNeutral$21.00 ➝ $26.00N/A
(Data available from 9/23/2016 forward)

News Sentiment Rating

0.74 (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
  • 4 very positive mentions
  • 2 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/25/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/27/2021
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/26/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/26/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/25/2021
  • 2 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/25/2021
  • 3 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
8/24/2021
  • 7 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/23/2021

Current Sentiment

  • 7 very positive mentions
  • 7 positive mentions
  • 0 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 provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment offers 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: $8.49
Low: $7.93
High: $8.50

50 Day Range

MA: $7.76
Low: $6.60
High: $8.53

52 Week Range

Now: $8.49
Low: $2.38
High: $11.27

Volume

39,768 shs

Average Volume

2,093,405 shs

Market Capitalization

$1.60 billion

P/E Ratio

N/A

Dividend Yield

1.04%

Beta

3.23

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, Barclays PLC, Evercore ISI, Morgan Stanley, Royal Bank of Canada, Smith Barney Citigroup, and Zacks Investment Research.
View the latest analyst ratings for PTEN.

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

5 Wall Street analysts have set twelve-month price targets for Patterson-UTI Energy in the last year. Their average twelve-month price target is $9.30, suggesting a possible upside of 9.5%. Evercore ISI has the highest price target set, predicting PTEN will reach $12.00 in the next twelve months. Smith Barney Citigroup 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 3 hold ratings and 2 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.

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.