Patterson-UTI Energy Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, Patterson-UTI Energy stock has a consensus rating of "Buy" and an average price target of $13.21. The average 1-year stock price forecast is 52.54% higher than the current stock price, while the lowest is $8.00 (-7.62%) and the highest is $19 (+119.40%).

Price Target: $13.21 (+52.54%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$8.00	$13.21	$13.25	$19
Change	-7.62%	+52.54%	+53.00%	+119.40%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	4	4	4	5	5	5
Buy	3	2	2	2	3	3
Hold	7	8	8	7	6	6
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	15	15	15	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Gruber Citi	Citi	Hold Maintains $11 → $11	Hold	Maintains	$11 → $11	+21.25%	Jun 29, 2026
Stephen Gengaro Stifel Nicolaus	Stifel Nicolaus	Buy Maintains $15	Buy	Maintains	$15	+73.21%	Jun 22, 2026
Atidrip Modak Goldman Sachs	Goldman Sachs	Buy Maintains $23 → $13	Buy	Maintains	$23 → $13	+50.12%	Jun 3, 2026
Keith Mackey RBC Capital	RBC Capital	Buy Maintains $14 → $15	Buy	Maintains	$14 → $15	+73.21%	May 29, 2026
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $13 → $14	Buy	Maintains	$13 → $14	+61.66%	May 27, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

4.62B

from 4.83B

-4.22%

from 4.83B

Revenue Next Year

4.91B

from 4.62B

6.16%

from 4.62B

EPS This Year

-0.13

from -0.21

EPS Next Year

0.10

from -0.13

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.36B	2.65B	4.15B	5.38B	4.83B	4.62B
Revenue Growth	20.71%	95.10%	56.61%	29.70%	-10.25%	-4.22%
Gross Profit	275.13M	801.04M	1.34B	1.46B	1.17B	1.14B
Gross Margin	20.27%	30.26%	32.20%	27.11%	24.24%	24.73%
Operating Income	-401.02M	213.10M	450.03M	142.54M	-39.81M	23.26M
Net Income	-654.55M	154.66M	246.29M	-968.03M	-93.64M	-48.92M
EPS	-	-	-	-	-0.21	-0.13
Dividend / Share	0.08	0.20	0.32	0.32	0.32	0.40
Dividend Growth	-	150.00%	60.00%	-	-	25.00%
Free Cash Flow	110.69M	67.42M	245.90M	536.37M	409.76M	258.58M
No. Analysts	-	-	-	-	-	11

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	4.7B
Avg	4.6B
Low	4.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	-2.5%
Avg	-4.2%
Low	-7.7%

EPS Forecast

EPS	2026	2027	2028
High	-0.07
Avg	-0.13
Low	-0.21

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-