Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · Real-Time Price · USD
10.91
+0.19 (1.77%)
At close: Mar 20, 2026, 4:00 PM EDT
10.95
+0.04 (0.37%)
After-hours: Mar 20, 2026, 7:59 PM EDT
Patterson-UTI Energy Stock Forecast
Stock Price Forecast
The 10 analysts that cover Patterson-UTI Energy stock have a consensus rating of "Buy" and an average price target of $8.00, which forecasts a -26.67% decrease in the stock price over the next year. The lowest target is $6.00 and the highest is $11.
Price Target: $8.00 (-26.67%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Patterson-UTI Energy stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 6 | 6 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $7 → $9 | Strong Buy | Maintains | $7 → $9 | -17.51% | Mar 4, 2026 |
| Citigroup | Citigroup | Hold Maintains $7 → $9 | Hold | Maintains | $7 → $9 | -17.51% | Feb 9, 2026 |
| Piper Sandler | Piper Sandler | Hold Maintains $7 → $9 | Hold | Maintains | $7 → $9 | -17.51% | Feb 9, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $8 → $9 | Buy | Maintains | $8 → $9 | -17.51% | Feb 6, 2026 |
| Stifel | Stifel | Strong Buy Maintains $9 → $11 | Strong Buy | Maintains | $9 → $11 | +0.82% | Feb 6, 2026 |
Financial Forecast
Revenue This Year
4.53B
from 4.83B
Decreased by -6.17%
Revenue Next Year
4.68B
from 4.53B
Increased by 3.36%
EPS This Year
-0.35
from -0.24
EPS Next Year
-0.18
from -0.35
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.8B | 5.2B | |
| Avg | 4.5B | 4.7B | |
| Low | 4.2B | 4.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -0.3% | 15.4% | |
| Avg | -6.2% | 3.4% | |
| Low | -12.3% | -6.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -0.21 | 0.18 | |
| Avg | -0.35 | -0.18 | |
| Low | -0.44 | -0.39 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | - | - | |
| Avg | - | - | |
| 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.