Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · IEX Real-Time Price · USD
11.25
-0.01 (-0.09%)
At close: Apr 26, 2024, 4:00 PM
11.30
+0.05 (0.44%)
After-hours: Apr 26, 2024, 6:35 PM EDT
Patterson-UTI Energy Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for PTEN stock have an average target of 16.43, with a low estimate of 12 and a high estimate of 20. The average target predicts an increase of 46.04% from the current stock price of 11.25.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PTEN stock from 15 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Buy | 6 | 6 | 6 | 7 | 7 | 7 |
| Hold | 2 | 3 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $15 → $14 | Strong Buy | Maintains | $15 → $14 | +24.44% | Apr 15, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $16 | Buy | Maintains | $16 | +42.22% | Apr 8, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $16 | Buy | Maintains | $16 | +42.22% | Apr 1, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $19 → $18 | Buy | Maintains | $19 → $18 | +60.00% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $17 → $16 | Buy | Maintains | $17 → $16 | +42.22% | Feb 16, 2024 |
Financial Forecast
Revenue This Year
6.31B
from 4.15B
Increased by 52.08%
Revenue Next Year
6.70B
from 6.31B
Increased by 6.22%
EPS This Year
0.66
from 0.88
Decreased by -24.64%
EPS Next Year
1.06
from 0.66
Increased by 60.18%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9B | 7.6B | 7.4B | 8.4B | 8.6B |
| Avg | 6.3B | 6.7B | 6.9B | 8.2B | 8.3B |
| Low | 5.8B | 5.8B | 6.4B | 7.9B | 8.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 65.5% | 20.0% | 11.2% | 22.7% | 4.8% |
| Avg | 52.1% | 6.2% | 2.4% | 19.2% | 1.8% |
| Low | 39.1% | -7.8% | -4.6% | 14.5% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.97 | 1.51 | 2.33 | 1.98 | 2.28 |
| Avg | 0.66 | 1.06 | 1.50 | 1.93 | 2.21 |
| Low | 0.42 | 0.70 | 0.90 | 1.85 | 2.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.8% | 127.8% | 119.1% | 32.2% | 18.2% |
| Avg | -24.6% | 60.2% | 41.3% | 28.4% | 14.8% |
| Low | -52.1% | 4.9% | -15.1% | 23.4% | 10.3% |
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.