Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy Stock Forecast

Stock Price Forecast

The 10 analysts that cover Patterson-UTI Energy stock have a consensus rating of "Hold" and an average price target of $7.25, which forecasts a 23.93% increase in the stock price over the next year. The lowest target is $6.00 and the highest is $10.

Price Target: $7.25 (+23.93%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$6.00	$7.25	$7.00	$10
Change	+2.56%	+23.93%	+19.66%	+70.94%

Analyst Ratings

The average analyst rating for Patterson-UTI Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	2	2	2	2	2	1
Buy	4	4	4	3	3	3
Hold	5	5	5	6	6	5
Sell	0	0	0	0	0	1
Strong Sell	0	0	0	0	0	0
Total	11	11	11	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Arun Jayaram JP Morgan	JP Morgan	Hold → Sell Downgrades $7 → $6	Hold → Sell	Downgrades	$7 → $6	+2.56%	Dec 10, 2025
Keith Mackey RBC Capital	RBC Capital	Buy Maintains $7 → $8	Buy	Maintains	$7 → $8	+36.75%	Oct 24, 2025
Eddie Kim Barclays	Barclays	Buy → Hold Downgrades $7 → $6	Buy → Hold	Downgrades	$7 → $6	+2.56%	Oct 13, 2025
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $8 → $7	Buy	Maintains	$8 → $7	+19.66%	Sep 3, 2025
David Anderson Barclays	Barclays	Buy Maintains $8 → $7	Buy	Maintains	$8 → $7	+19.66%	Jul 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

4.87B

Decreased by -9.50%

from 5.38B

Revenue Next Year

4.60B

Decreased by -5.53%

from 4.87B

EPS This Year

-0.33

from -2.44

EPS Next Year

-0.38

from -0.33

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.12B	1.36B	2.65B	4.15B	5.38B	4.87B	4.60B
Revenue Growth	-54.50%	20.71%	95.10%	56.61%	29.70%	-9.50%	-5.53%
EPS	-4.27	-3.36	0.70	0.88	-2.44	-0.33	-0.38
EPS Growth	-	-	-	25.71%	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	18	18

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

Revenue Forecast

Revenue	2025	2026	2027	2028
High	5.0B	4.8B
Avg	4.9B	4.6B
Low	4.6B	4.2B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	-6.3%	-0.4%
Avg	-9.5%	-5.5%
Low	-14.1%	-14.3%

EPS Forecast

EPS	2025	2026	2027	2028
High	-0.21	-0.19
Avg	-0.33	-0.38
Low	-0.38	-0.56

EPS Growth

EPS Growth	2025	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.