Patterson-UTI Energy - PTEN Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Moderate Buy
Consensus Price Target: $16.17
Forecasted Upside: 40.21%
Number of Analysts: 13
Breakdown:
0 Sell Ratings
4 Hold Ratings
8 Buy Ratings
1 Strong Buy Ratings

^$11.53 As of 04/24/2024 05:00 PM ET

▼ -0.07 (-0.60%)

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

^$16.17

▲ +40.21% 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 $16.17, with a high forecast of $19.00 and a low forecast of $12.00. The average price target represents a 40.21% upside from the last price of $11.53.

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

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

Ratings as of

11/1/2022

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

Ratings as of

1/30/2023

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

Ratings as of

4/30/2023

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

Ratings as of

7/29/2023

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

Ratings as of

10/27/2023

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

Ratings as of

1/25/2024

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

Ratings as of

3/25/2024

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

Ratings as of

4/24/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
4/15/2024	Bank of America	Lower Target	Buy ➝ Buy	$14.50 ➝ $14.00	Low
4/8/2024	Susquehanna	Reiterated Rating	Positive ➝ Positive	$16.00	Low
4/1/2024	Susquehanna	Reiterated Rating	Positive ➝ Positive	$16.00	Low
2/20/2024	Evercore ISI	Lower Target	Outperform ➝ Outperform	$19.00 ➝ $18.00	Low
2/16/2024	Royal Bank of Canada	Lower Target	Outperform ➝ Outperform	$17.00 ➝ $16.00	Low
2/16/2024	Raymond James	Lower Target	Strong-Buy ➝ Strong-Buy	$16.00 ➝ $15.00	Low
1/16/2024	Benchmark	Downgrade	Buy ➝ Hold		Low
12/19/2023	The Goldman Sachs Group	Initiated Coverage	Neutral	$12.00	Low
11/14/2023	Barclays	Lower Target	Overweight ➝ Overweight	$18.00 ➝ $16.00	Low
11/13/2023	Piper Sandler	Lower Target	Overweight ➝ Overweight	$20.00 ➝ $19.00	Low
11/9/2023	Royal Bank of Canada	Lower Target	Outperform ➝ Outperform	$19.00 ➝ $17.00	Low
11/9/2023	Susquehanna	Lower Target	Positive ➝ Positive	$18.00 ➝ $16.00	Low
11/9/2023	Raymond James	Lower Target	Strong-Buy ➝ Strong-Buy	$23.00 ➝ $21.00	Low
10/17/2023	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$20.00 ➝ $17.00	Low
10/16/2023	Bank of America	Upgrade	Neutral ➝ Buy	$14.00 ➝ $16.00	Low
10/9/2023	Citigroup	Upgrade	Neutral ➝ Buy	$15.00 ➝ $18.00	Low
10/2/2023	Raymond James	Boost Target	Strong-Buy ➝ Strong-Buy	$18.00 ➝ $23.00	Low
9/6/2023	Susquehanna	Reiterated Rating	Positive ➝ Positive	$18.00	Low
9/6/2023	Royal Bank of Canada	Reiterated Rating	Outperform ➝ Outperform	$19.00	Low
9/5/2023	Stifel Nicolaus	Initiated Coverage	Buy	$19.00	Low
7/31/2023	Royal Bank of Canada	Reiterated Rating	Outperform ➝ Outperform	$19.00	Low
7/31/2023	Morgan Stanley	Reiterated Rating	Overweight ➝ Overweight	$20.00	Low
7/31/2023	Piper Sandler	Boost Target	Overweight ➝ Overweight	$17.00 ➝ $19.00	Low
7/19/2023	Benchmark	Upgrade	Hold ➝ Buy		Low
7/18/2023	Citigroup	Boost Target	Neutral	$13.00 ➝ $15.00	Low
7/10/2023	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$19.00	Low
6/28/2023	Capital One Financial	Initiated Coverage	Equal Weight	$14.00	Low
6/20/2023	Morgan Stanley	Boost Target		$18.00 ➝ $19.00	Low
6/16/2023	Citigroup	Boost Target		$12.00 ➝ $13.00	Low
6/8/2023	Barclays	Lower Target		$19.00 ➝ $16.00	Low
6/2/2023	Susquehanna	Lower Target		$15.00 ➝ $13.00	Low
5/19/2023	Citigroup	Lower Target		$14.00 ➝ $12.00	Low
5/9/2023	Barclays	Lower Target		$26.00 ➝ $19.00	Low
5/1/2023	Piper Sandler	Lower Target		$24.00 ➝ $19.00	Low
4/18/2023	Morgan Stanley	Lower Target		$20.00 ➝ $18.00	Low
4/3/2023	Susquehanna	Lower Target		$24.00 ➝ $18.00	Low
3/14/2023	Susquehanna	Reiterated Rating	Positive	$24.00	Low
2/22/2023	Citigroup	Lower Target	Neutral	$18.00 ➝ $16.00	Low
2/13/2023	Morgan Stanley	Lower Target	Overweight	$22.00 ➝ $20.00	Low
2/10/2023	Royal Bank of Canada	Lower Target	Sector Perform	$24.00 ➝ $23.00	Low
2/10/2023	Susquehanna	Lower Target	Positive	$26.00 ➝ $24.00	Low
1/19/2023	Benchmark	Initiated Coverage	Hold		Low
1/17/2023	Citigroup	Downgrade	Buy ➝ Neutral	$18.00	Low
12/9/2022	Raymond James	Initiated Coverage	Strong-Buy		Low
11/1/2022	Piper Sandler	Boost Target		$24.00	Low
11/1/2022	Morgan Stanley	Boost Target	Overweight	$21.00 ➝ $22.00	Low
10/28/2022	Barclays	Boost Target	Overweight	$24.00 ➝ $26.00	Low
10/7/2022	Piper Sandler	Reiterated Rating	Overweight	$19.00	Low
9/26/2022	Morgan Stanley	Boost Target	Overweight	$19.00 ➝ $21.00	Low
8/9/2022	Barclays	Boost Target		$24.00	Low
8/1/2022	Barclays	Boost Target	Overweight	$20.00 ➝ $24.00	Low
8/1/2022	Morgan Stanley	Boost Target	Overweight	$18.00 ➝ $19.00	Low
7/15/2022	Bank of America	Downgrade	Buy ➝ Neutral	$22.00 ➝ $13.50	Low
7/13/2022	Morgan Stanley	Lower Target	Overweight	$20.00 ➝ $18.00	Low
7/7/2022	Atb Cap Markets	Downgrade	Outperform ➝ Sector Perform		Low
7/6/2022	Citigroup	Boost Target	Buy	$17.00 ➝ $21.00	N/A
6/8/2022	Susquehanna Bancshares	Boost Target	Positive	$20.00 ➝ $23.00	Medium
6/8/2022	Susquehanna	Boost Target		$20.00 ➝ $23.00	Low
5/31/2022	Piper Sandler	Downgrade	Overweight ➝ Neutral	$21.00 ➝ $22.75	Low
5/26/2022	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$20.00	High
5/4/2022	Piper Sandler	Boost Target		$20.00 ➝ $21.00	Medium
5/2/2022	Barclays	Boost Target		$16.00 ➝ $20.00	Low
4/18/2022	Benchmark	Initiated Coverage	Buy	$21.00	Medium
4/13/2022	Piper Sandler	Boost Target	Overweight	$14.50 ➝ $20.00	Low
4/11/2022	Morgan Stanley	Boost Target	Overweight	$13.50 ➝ $18.00	Medium
2/15/2022	Citigroup	Boost Target	Buy	$11.00 ➝ $15.00	High
2/15/2022	JPMorgan Chase & Co.	Boost Target	Underweight	$9.00 ➝ $11.00	High
2/15/2022	Piper Sandler	Boost Target	Overweight	$10.25 ➝ $14.50	High
2/14/2022	Morgan Stanley	Boost Target	Overweight	$12.50 ➝ $13.50	High
12/21/2021	Piper Sandler	Upgrade	Neutral ➝ Overweight	$10.00 ➝ $10.25	High
12/9/2021	Citigroup	Upgrade	Neutral ➝ Buy	$11.00	High
12/6/2021	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$10.00 ➝ $12.00	Medium
11/2/2021	Bank of America	Upgrade	Underperform ➝ Buy	$9.25 ➝ $10.50	High
10/29/2021	Royal Bank of Canada	Boost Target	Sector Perform	$11.00 ➝ $12.00	Medium
10/25/2021	Barclays	Boost Target	Overweight	$9.00 ➝ $11.00	High
10/6/2021	Citigroup	Boost Target	Neutral	$8.00 ➝ $10.00	High
9/9/2021	Royal Bank of Canada	Reiterated Rating	Sector Perform	$9.50	Medium
7/9/2021	Morgan Stanley	Boost Target	Equal Weight	$7.50 ➝ $10.00	Medium
6/23/2021	Evercore ISI	Upgrade	In-Line ➝ Outperform	$8.00 ➝ $12.00	Low
5/3/2021	Barclays	Upgrade	Equal Weight ➝ Overweight	$7.00 ➝ $9.00	High
3/25/2021	Morgan Stanley	Boost Target	Equal Weight	$5.50 ➝ $7.50	High
12/15/2020	Smith Barney Citigroup	Boost Target		$3.00 ➝ $6.00	Medium
12/9/2020	Atb Cap Markets	Upgrade	Underperform ➝ Sector Perform		Medium
8/10/2020	Royal Bank of Canada	Reiterated Rating	Buy		High
7/26/2020	Barclays	Reiterated Rating	Hold	$4.00	High
7/24/2020	Credit Suisse Group	Boost Target	Underperform	$2.40 ➝ $2.75	Medium
7/16/2020	Scotiabank	Downgrade	Sector Perform ➝ Sector Underperform	$2.00	Low
7/8/2020	Morgan Stanley	Boost Target	Equal Weight	$2.50 ➝ $3.50	High
6/4/2020	Royal Bank of Canada	Reiterated Rating	Buy	$4.50	Medium
5/28/2020	Piper Sandler	Boost Target	Neutral	$2.00 ➝ $4.00	Low
5/28/2020	Citigroup	Boost Target	Neutral	$1.90 ➝ $4.50	High
4/27/2020	G.Research	Downgrade	Buy ➝ Hold		High
4/27/2020	Gabelli	Downgrade	Buy ➝ Hold		High
4/26/2020	Barclays	Reiterated Rating	Hold	$3.00	Low
4/24/2020	Cfra	Lower Target	Sell	$6.50 ➝ $2.50	Medium
4/24/2020	Credit Suisse Group	Lower Target	Underperform	$2.50 ➝ $2.00	High
4/24/2020	Royal Bank of Canada	Boost Target	Outperform	$2.75 ➝ $3.50	High
4/14/2020	Cowen	Downgrade	Outperform ➝ Market Perform	$3.00	Medium
4/6/2020	Piper Sandler	Boost Target	Neutral	$2.00	High
4/6/2020	Sanford C. Bernstein	Upgrade	Underperform ➝ Market Perform	$6.90 ➝ $2.10	High
4/3/2020	Citigroup	Lower Target	Neutral	$2.50 ➝ $1.90	High
3/20/2020	Stephens	Downgrade	Hold	$2.50	Low
3/19/2020	Wolfe Research	Downgrade	Peer Perform ➝ Underperform		High
3/18/2020	Royal Bank of Canada	Reiterated Rating	Buy	$2.75	High
3/17/2020	Evercore ISI	Downgrade	Hold		High
3/16/2020	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$11.00 ➝ $2.50	Low
3/13/2020	Piper Sandler	Downgrade	Overweight ➝ Neutral		High
3/10/2020	Raymond James	Downgrade	Strong-Buy ➝ Market Perform		High
3/9/2020	Bank of America	Downgrade	Neutral ➝ Underperform		High
2/10/2020	Morgan Stanley	Lower Target	Overweight	$12.00 ➝ $11.00	Low
2/9/2020	Evercore ISI	Reiterated Rating	Buy	$9.00	Low
2/6/2020	Cfra	Lower Target	Sell	$7.50 ➝ $6.50	High
1/14/2020	Bernstein Bank	Initiated Coverage	Underperform	$7.50	High
1/13/2020	Sanford C. Bernstein	Initiated Coverage	Underperform	$7.50	Medium
12/18/2019	AltaCorp Capital	Downgrade	Outperform ➝ Underperform		Low
12/13/2019	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$7.00 ➝ $6.00	Low
12/3/2019	Credit Suisse Group	Downgrade	Neutral ➝ Underperform	$11.00 ➝ $6.50	Medium
11/27/2019	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Sell	$7.00	Medium
11/19/2019	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Sell	$7.00 ➝ $7.00	High
10/25/2019	Wolfe Research	Set Target	Buy	$11.00	N/A
10/25/2019	Royal Bank of Canada	Set Target	Buy	$10.00	N/A
10/25/2019	Barclays	Reiterated Rating	Hold	$9.00	High
10/8/2019	Bank of America	Downgrade	Buy ➝ Neutral		Low
10/7/2019	Morgan Stanley	Lower Target	Overweight	$14.00 ➝ $13.00	High
9/30/2019	Citigroup	Downgrade	Buy ➝ Neutral	$12.00 ➝ $9.50	Low
9/26/2019	Barclays	Initiated Coverage	Equal Weight	$10.00	Low
9/23/2019	Citigroup	Lower Target	Buy	$13.00 ➝ $12.00	Low
9/12/2019	Wells Fargo & Company	Downgrade	Market Perform ➝ Underperform		High
8/28/2019	Bank of America	Lower Target	Buy	$12.00 ➝ $9.00	High
8/7/2019	Scotiabank	Downgrade	Sector Outperform ➝ Sector Perform	$9.00	Low
8/2/2019	Jefferies Financial Group	Downgrade	Buy ➝ Hold	$14.50 ➝ $11.50	Low
7/30/2019	Piper Sandler Companies	Lower Target	Overweight	$13.00 ➝ $12.00	High
7/26/2019	Royal Bank of Canada	Set Target	Buy	$17.00	N/A
7/26/2019	Raymond James	Set Target	Buy	$17.00	N/A
7/26/2019	UBS Group	Set Target	Buy	$17.00	N/A
7/26/2019	Wells Fargo & Company	Set Target	Hold	$12.00	N/A
7/26/2019	Credit Suisse Group	Lower Target	Neutral	$14.00 ➝ $11.00	Low
7/12/2019	Raymond James	Set Target	Buy	$19.00	High
7/12/2019	Morgan Stanley	Lower Target	Overweight	$18.00 ➝ $17.00	Medium
6/27/2019	Wells Fargo & Company	Downgrade	Outperform ➝ Market Perform	$13.00	High
6/25/2019	Bank of America	Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $14.00	Low
6/20/2019	AltaCorp Capital	Reiterated Rating	Outperform		Medium
6/18/2019	Royal Bank of Canada	Lower Target	Outperform	$21.00	Low
4/30/2019	Citigroup	Lower Target	Buy ➝ Buy	$20.00 ➝ $19.00	High
4/26/2019	Raymond James	Set Target	Buy	$21.00	Low

(Data available from 4/24/2019 forward)

News Sentiment Rating

1.14 (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

21 very positive mentions
5 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

9/27/2023

4 very positive mentions
10 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

10/27/2023

5 very positive mentions
2 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

11/26/2023

6 very positive mentions
5 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

12/26/2023

17 very positive mentions
5 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

1/25/2024

29 very positive mentions
11 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

2/24/2024

19 very positive mentions
5 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

3/25/2024

12 very positive mentions
7 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

4/24/2024

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

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.

Today's Range

Now: $11.53

$11.25

$11.60

50 Day Range

MA: $11.73

$10.34

$12.52

52 Week Range

Now: $11.53

$9.70

$16.17

Volume

6,966,941 shs

Average Volume

6,503,595 shs

Market Capitalization

$4.65 billion

P/E Ratio

11.42

Dividend Yield

2.82%

Beta

2.22

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 $16.17, suggesting a possible upside of 40.2%. 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?: Other companies that are similar to Patterson-UTI Energy include Helmerich & Payne, Transocean, Valaris, HighPeak Energy and Clearway Energy. 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.

Patterson-UTI Energy - PTEN Stock Price Target and Predictions

Analyst Price Target for PTEN

Current Consensus is Moderate Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

1.14 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

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

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

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

What other companies compete with Patterson-UTI Energy?

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