Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · IEX Real-Time Price · USD
10.06
-0.03 (-0.30%)
At close: Jul 2, 2024, 4:00 PM
10.00
-0.06 (-0.60%)
After-hours: Jul 2, 2024, 7:50 PM EDT
Patterson-UTI Energy Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for PTEN stock have an average target of 16.17, with a low estimate of 12 and a high estimate of 20. The average target predicts an increase of 60.74% from the current stock price of 10.06.
Analyst Consensus: Buy
* Price targets were last updated on May 6, 2024.
Analyst Ratings
The average analyst rating for PTEN stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 7 | 7 | 7 | 7 | 7 | 6 |
| Hold | 4 | 4 | 4 | 4 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 15 | 15 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $17 → $14 | Buy | Maintains | $17 → $14 | +39.17% | May 6, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 6, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $18 → $17 | Buy | Maintains | $18 → $17 | +68.99% | May 3, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $15 → $14 | Strong Buy | Maintains | $15 → $14 | +39.17% | Apr 15, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $16 | Buy | Maintains | $16 | +59.05% | Apr 8, 2024 |
Financial Forecast
Revenue This Year
6.03B
from 4.15B
Increased by 45.35%
Revenue Next Year
6.42B
from 6.03B
Increased by 6.57%
EPS This Year
0.52
from 0.88
Decreased by -40.56%
EPS Next Year
0.91
from 0.52
Increased by 74.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.7B | 7.2B | 7.3B | 7.3B | 7.4B |
| Avg | 6.0B | 6.4B | 6.8B | 7.1B | 7.2B |
| Low | 5.6B | 5.8B | 6.3B | 6.9B | 6.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 60.9% | 19.6% | 13.0% | 8.5% | 3.2% |
| Avg | 45.4% | 6.6% | 5.4% | 5.4% | 0.3% |
| Low | 33.9% | -4.2% | -1.5% | 1.2% | -3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.71 | 1.97 | 2.17 | 1.00 | 1.06 |
| Avg | 0.52 | 0.91 | 1.54 | 0.97 | 1.03 |
| Low | 0.38 | 0.41 | 1.04 | 0.93 | 0.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -18.9% | 277.4% | 138.5% | -35.4% | 9.4% |
| Avg | -40.6% | 74.2% | 69.5% | -37.3% | 6.3% |
| Low | -56.6% | -22.2% | 14.0% | -39.7% | 2.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.