Patterson-UTI Energy Inc
NASDAQ:PTEN

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Patterson-UTI Energy Inc
NASDAQ:PTEN
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Price: 7.68 USD 5.35%
Market Cap: 3B USD
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Wall Street
Price Targets

PTEN Price Targets Summary
Patterson-UTI Energy Inc

Wall Street analysts forecast PTEN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PTEN is 10.81 USD with a low forecast of 10.1 USD and a high forecast of 14.7 USD.

Lowest
Price Target
10.1 USD
32% Upside
Average
Price Target
10.81 USD
41% Upside
Highest
Price Target
14.7 USD
91% Upside

PTEN Last Price Targets
Patterson-UTI Energy Inc

The latest public price target was made on Oct 16, 2024 by David Anderson from Barclays , who expects PTEN stock to rise by 56% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
David Anderson
Barclays
12 USD
Upside 56%
2 months ago
Oct 16, 2024
Patterson-UTI price target lowered to $12 from $14 at Barclays
TheFly
Saurabh Pant
Bank of America Securities
10.5 USD
Upside 37%
2 months ago
Oct 14, 2024
Patterson-UTI price target lowered to $10.50 from $12.50 at BofA
TheFly
Stephen Gengaro
Stifel Nicolaus
16 USD
Upside 108%
5 months ago
Jul 16, 2024
Patterson-UTI price target lowered to $16 from $19 at Stifel
TheFly
Luke Lemoine
Piper Sandler
12 USD
Upside 56%
5 months ago
Jul 15, 2024
Patterson-UTI price target lowered to $12 from $14 at Piper Sandler
TheFly
Luke Lemoine
Piper Sandler
14 USD
Upside 82%
7 months ago
May 6, 2024
Patterson-UTI Energy (PTEN) PT Lowered to $14 at Piper Sandler
StreetInsider
David Anderson
Barclays
Price Target 12 USD
Upside/Downside 56%
View Source
Saurabh Pant
Bank of America Securities
Price Target 10.5 USD
Upside/Downside 37%
View Source
Stephen Gengaro
Stifel Nicolaus
Price Target 16 USD
Upside/Downside 108%
View Source
Luke Lemoine
Piper Sandler
Price Target 12 USD
Upside/Downside 56%
View Source
Luke Lemoine
Piper Sandler
Price Target 14 USD
Upside/Downside 82%
View Source
Patterson-UTI Energy Inc Competitors:
Price Targets
2382
ADES Holding Company SJSC
5% Upside
4DS
Daldrup & Soehne AG
51% Upside
2381
Arabian Drilling Co
23% Upside

Revenue
Forecast

Revenue Estimate
Patterson-UTI Energy Inc

For the last 8 years the compound annual growth rate for Patterson-UTI Energy Inc's revenue is 10%. The projected CAGR for the next 4 years is 13%.

10%
Past Growth
13%
Estimated Growth
Estimates Accuracy
0%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Patterson-UTI Energy Inc

The compound annual growth rate of Patterson-UTI Energy Inc's operating income for the next 3 years is -23%.

N/A
Past Growth
-23%
Estimated Growth
Estimates Accuracy
5%
Average Beat

Net Income
Forecast

Net Income Estimate
Patterson-UTI Energy Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-16%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PTEN's stock price target?
Price Target
10.81 USD

According to Wall Street analysts, the average 1-year price target for PTEN is 10.81 USD with a low forecast of 10.1 USD and a high forecast of 14.7 USD.

What is Patterson-UTI Energy Inc's Revenue forecast?
Projected CAGR
13%

For the last 8 years the compound annual growth rate for Patterson-UTI Energy Inc's revenue is 10%. The projected CAGR for the next 4 years is 13%.

What is Patterson-UTI Energy Inc's Operating Income forecast?
Projected CAGR
-23%

The compound annual growth rate of Patterson-UTI Energy Inc's operating income for the next 3 years is -23%.

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