Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · Real-Time Price · USD
7.61
+0.19 (2.56%)
At close: Nov 4, 2024, 4:00 PM
7.73
+0.12 (1.56%)
After-hours: Nov 4, 2024, 5:58 PM EST
Patterson-UTI Energy Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for PTEN stock have an average target of 12.12, with a low estimate of 10 and a high estimate of 17. The average target predicts an increase of 59.26% from the current stock price of 7.61.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PTEN stock from 14 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 7 | 7 | 6 | 5 | 6 | 7 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 13 | 12 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Maintains $12 → $11 | Buy | Maintains | $12 → $11 | +44.55% | Oct 25, 2024 |
| Raymond James | Raymond James | Strong Buy Maintains $12 → $11 | Strong Buy | Maintains | $12 → $11 | +44.55% | Oct 25, 2024 |
| Barclays | Barclays | Buy Maintains $14 → $12 | Buy | Maintains | $14 → $12 | +57.69% | Oct 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $15 → $14 | Strong Buy | Maintains | $15 → $14 | +83.97% | Oct 11, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $13 → $10 | Buy | Maintains | $13 → $10 | +31.41% | Oct 11, 2024 |
Financial Forecast
Revenue This Year
5.55B
from 4.15B
Increased by 33.92%
Revenue Next Year
5.41B
from 5.55B
Decreased by -2.52%
EPS This Year
-0.81
from 0.88
EPS Next Year
0.02
from -0.81
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0B | 6.7B | 6.3B | ||
| Avg | 5.6B | 5.4B | 5.6B | ||
| Low | 5.2B | 4.8B | 5.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 43.7% | 20.2% | 16.5% | ||
| Avg | 33.9% | -2.5% | 3.9% | ||
| Low | 26.2% | -13.1% | -7.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.18 | 0.41 | 0.82 | ||
| Avg | -0.81 | 0.02 | 0.38 | ||
| Low | -2.42 | -0.26 | -0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -79.7% | - | 5,314.3% | ||
| Avg | - | - | 2,404.6% | ||
| Low | - | - | - |
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.