Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Patterson-UTI Energy stock have an average target of 11.96, with a low estimate of 10 and a high estimate of 17. The average target predicts an increase of 43.41% from the current stock price of 8.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$10	$11.96	$12	$17
Change	+19.90%	+43.41%	+43.88%	+103.84%

* Price targets were last updated on Jan 6, 2025.

Analyst Ratings

The average analyst rating for Patterson-UTI Energy 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	4	4	4	4	4	4
Buy	6	7	7	7	7	7
Hold	3	3	3	3	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	14	14	14	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $14 → $13	Strong Buy	Maintains	$14 → $13	+55.88%	Jan 6, 2025
Scott Gruber Citigroup	Citigroup	Strong Buy Maintains $11 → $10	Strong Buy	Maintains	$11 → $10	+19.90%	Oct 31, 2024
Keith Mackey RBC Capital	RBC Capital	Buy Maintains $12 → $11	Buy	Maintains	$12 → $11	+31.89%	Oct 25, 2024
James Rollyson Raymond James	Raymond James	Strong Buy Maintains $12 → $11	Strong Buy	Maintains	$12 → $11	+31.89%	Oct 25, 2024
David Anderson Barclays	Barclays	Buy Maintains $14 → $12	Buy	Maintains	$14 → $12	+43.88%	Oct 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.98B

Decreased by -7.45%

from 5.38B

Revenue Next Year

5.14B

Increased by 3.36%

from 4.98B

EPS This Year

-0.03

from -2.44

EPS Next Year

0.22

from -0.03

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	4.98B	5.14B	5.30B
Revenue Growth	-54.50%	20.71%	95.09%	56.61%	29.70%	-7.45%	3.36%	2.97%
EPS	-4.27	-3.36	0.70	0.88	-2.44	-0.03	0.22	0.72
EPS Growth	-	-	-	25.71%	-	-	-	224.01%
Forward PE	-	-	-	-	-	-	37.31	11.52
No. Analysts	-	-	-	-	-	18	13	4

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	5.1B	5.3B
Low	4.5B	4.8B	5.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	-1.7%	9.4%	8.5%
Avg	-7.5%	3.4%	3.0%
Low	-15.7%	-4.1%	-3.3%

EPS Forecast

EPS	2025	2026	2027
High	0.05	0.67	0.88
Avg	-0.03	0.22	0.72
Low	-0.07	0.05	0.57

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	294.6%
Avg	-	-	224.0%
Low	-	-	154.3%

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.