Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Patterson-UTI Energy stock have an average target of 11.42, with a low estimate of 8.00 and a high estimate of 17. The average target predicts an increase of 87.37% from the current stock price of 6.10.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$8.00	$11.42	$11	$17
Change	+31.26%	+87.37%	+80.48%	+178.92%

Analyst Ratings

The average analyst rating for Patterson-UTI Energy 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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	4	4	4	4	4	4
Buy	7	7	7	7	7	7
Hold	3	3	2	2	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	13	13	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $13 → $12	Strong Buy	Maintains	$13 → $12	+96.88%	Apr 15, 2025
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $10 → $9	Buy	Maintains	$10 → $9	+47.66%	Apr 14, 2025
Ati Modak Goldman Sachs	Goldman Sachs	Hold Maintains $11 → $8	Hold	Maintains	$11 → $8	+31.26%	Apr 10, 2025
Daniel Kutz Morgan Stanley	Morgan Stanley	Hold Maintains $10 → $9	Hold	Maintains	$10 → $9	+47.66%	Mar 27, 2025
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $14 → $13	Strong Buy	Maintains	$14 → $13	+113.29%	Jan 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

4.96B

Decreased by -7.70%

from 5.38B

Revenue Next Year

5.16B

Increased by 3.97%

from 4.96B

EPS This Year

-0.06

from -2.44

EPS Next Year

0.22

from -0.06

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.12B	1.36B	2.65B	4.15B	5.38B	4.96B	5.16B	5.29B
Revenue Growth	-54.50%	20.71%	95.10%	56.61%	29.70%	-7.70%	3.97%	2.52%
EPS	-4.27	-3.36	0.70	0.88	-2.44	-0.06	0.22	0.79
EPS Growth	-	-	-	25.71%	-	-	-	261.11%
Forward PE	-	-	-	-	-	-	28.02	7.76
No. Analysts	-	-	-	-	-	17	17	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	5.3B	5.4B	5.6B
Avg	5.0B	5.2B	5.3B
Low	4.5B	4.8B	4.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	-1.7%	9.6%	8.2%
Avg	-7.7%	4.0%	2.5%
Low	-16.1%	-3.8%	-4.8%

EPS Forecast

EPS	2025	2026	2027
High	0.05	0.74	1.16
Avg	-0.06	0.22	0.79
Low	-0.18	-0.10	0.57

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	431.0%
Avg	-	-	261.1%
Low	-	-	161.3%

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.