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Patterson-UTI Energy

PTENNASDAQ
Logo brought to you by Benzinga Data
$7.68
0.162.13%
At close: -
$7.62
-0.06-0.78%
After Hours: 2:25 PM EDT
Consensus Rating1
Overweight
Highest Price Target1
$22.75
Lowest Price Target1
$10.00
Consensus Price Target1
$13.96

Patterson-UTI Energy (NASDAQ:PTEN) Stock, Analyst Ratings, Price Targets, Forecasts

Patterson-UTI Energy Inc has a consensus price target of $13.96 based on the ratings of 20 analysts. The high is $22.75 issued by Piper Sandler on June 1, 2022. The low is $10 issued by Citigroup on October 31, 2024. The 3 most-recent analyst ratings were released by Citigroup, RBC Capital, and Raymond James on October 31, 2024, October 25, 2024, and October 25, 2024, respectively. With an average price target of $10.67 between Citigroup, RBC Capital, and Raymond James, there's an implied 39.98% upside for Patterson-UTI Energy Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
4
Jul
1
Aug
2
1
Sep
5
Oct
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.4
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Citigroup
RBC Capital
Raymond James
Barclays
Stifel

1calculated from analyst ratings

Analyst Ratings for Patterson-UTI Energy

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FAQ

Q

What is the target price for Patterson-UTI Energy (PTEN) stock?

A

The latest price target for Patterson-UTI Energy (NASDAQ:PTEN) was reported by Citigroup on October 31, 2024. The analyst firm set a price target for $10.00 expecting PTEN to rise to within 12 months (a possible 31.23% upside). 25 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Patterson-UTI Energy (PTEN)?

A

The latest analyst rating for Patterson-UTI Energy (NASDAQ:PTEN) was provided by Citigroup, and Patterson-UTI Energy maintained their buy rating.

Q

When was the last upgrade for Patterson-UTI Energy (PTEN)?

A

The last upgrade for Patterson-UTI Energy Inc happened on October 16, 2023 when B of A Securities raised their price target to $16. B of A Securities previously had a neutral for Patterson-UTI Energy Inc.

Q

When was the last downgrade for Patterson-UTI Energy (PTEN)?

A

The last downgrade for Patterson-UTI Energy Inc happened on January 16, 2024 when Benchmark changed their price target from N/A to N/A for Patterson-UTI Energy Inc.

Q

When is the next analyst rating going to be posted or updated for Patterson-UTI Energy (PTEN)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Patterson-UTI Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Patterson-UTI Energy was filed on October 31, 2024 so you should expect the next rating to be made available sometime around October 31, 2025.

Q

Is the Analyst Rating Patterson-UTI Energy (PTEN) correct?

A

While ratings are subjective and will change, the latest Patterson-UTI Energy (PTEN) rating was a maintained with a price target of $11.00 to $10.00. The current price Patterson-UTI Energy (PTEN) is trading at is $7.62, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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