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 "Buy" and an average price target of $10.8, which forecasts a -9.24% decrease in the stock price over the next year. The lowest target is $6.00 and the highest is $14.

Price Target: $10.8 (-9.24%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$6.00	$10.8	$11	$14
Change	-49.58%	-9.24%	-7.56%	+17.65%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	2	1	1	1	2	2
Buy	3	3	3	3	3	3
Hold	6	5	5	5	4	4
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eddie Kim Barclays	Barclays	Hold Maintains $8 → $10	Hold	Maintains	$8 → $10	-15.97%	Apr 28, 2026
Eddie Kim Barclays	Barclays	Hold Maintains $8 → $10	Hold	Maintains	$8 → $10	-15.97%	Apr 27, 2026
Derek Podhaizer Piper Sandler	Piper Sandler	Hold Maintains $10 → $12	Hold	Maintains	$10 → $12	+0.84%	Apr 27, 2026
Keith Mackey RBC Capital	RBC Capital	Buy Maintains $12 → $14	Buy	Maintains	$12 → $14	+17.65%	Apr 24, 2026
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $11 → $14	Strong Buy	Maintains	$11 → $14	+17.65%	Apr 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

4.54B

Decreased by -5.98%

from 4.83B

Revenue Next Year

4.74B

Increased by 4.34%

from 4.54B

EPS This Year

-0.34

from -0.24

EPS Next Year

-0.14

from -0.34

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.36B	2.65B	4.15B	5.38B	4.83B	4.54B	4.74B
Revenue Growth	20.71%	95.10%	56.61%	29.70%	-10.25%	-5.98%	4.34%
EPS	-3.36	0.70	0.88	-2.44	-0.24	-0.34	-0.14
EPS Growth	-	-	25.71%	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	18	17

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

Revenue Forecast

Revenue	2026	2027	2028
High	4.9B	5.3B
Avg	4.5B	4.7B
Low	4.2B	4.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	0.7%	17.0%
Avg	-6.0%	4.3%
Low	-12.3%	-6.9%

EPS Forecast

EPS	2026	2027	2028
High	-0.21	0.18
Avg	-0.34	-0.14
Low	-0.44	-0.39

EPS Growth

EPS Growth	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 sources.