Patterson-UTI Energy Inc (PTEN) Stock Forecast & Price Target
Patterson-UTI Energy Inc · NASDAQ
$9.15-0.26 (-2.71%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 9 firms covering Patterson-UTI Energy Inc, 6 rate it Buy or better, 2 sit at Hold, and 1 rate it Sell or worse, a moderate buy consensus. Targets range widely, $6.00 to $15.00 (about 2.5x), a sign of real disagreement on valuation. The average target of $12.17 sits 33% above the current $9.15. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 4 to 6 over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.03 next quarter toward $0.22 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS9 ratings
Moderate Buy
Strong Buy00%
Buy667%
Hold222%
Sell111%
Strong Sell00%
Based on 9 analysts giving stock ratings to Patterson-UTI Energy Inc.
As of Jul, 6 of 9 firms rate PTEN a Buy (2 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
PTEN EPS & revenue forecast
EPS · NEXT QUARTER
$0.03
Range $0.00 – $0.06 · 6 analysts · -127% YoY
Next period, 6 analysts expect Patterson-UTI Energy Inc to earn $0.03 a share (range $0.00 – $0.06), versus $-0.10 a year earlier. Full-year consensus is $-0.06, growing to $0.22 the year after.
REVENUE · NEXT QUARTER
$1.2B
Range $1.2B – $1.2B · 6 analysts · +3% YoY
Revenue is expected to reach $1.2B (range $1.2B – $1.2B), +2.6% year-over-year. Full-year consensus is $4.7B, rising to $5.0B next year.
Top analysts covering Patterson-UTI Energy Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on PTEN.
#1
Scott Gruber
Citigroup · Rank #13
Hold
$10.50+14.7% to target
Overall win rate
58%
+ Follow
#2
Stephen Gengaro
Stifel · Rank #169
Buy
$15.00+63.8% to target
Overall win rate
38%
+ Follow
#3
David Anderson
Barclays · Rank #175
Buy
$7.00-23.5% to target
Overall win rate
44%
+ Follow
#4
Derek Podhaizer
Piper Sandler
Buy
$13.00+42.0% to target
Coverage
—
+ Follow
#5
CM
Charles Minervino
Susquehanna
Buy
$12.00+31.1% to target
Coverage
—
+ Follow
PTEN stock forecast FAQ
What is PTEN's average 12-month price target?+
The 9 analysts with a live target average $12.17 for Patterson-UTI Energy Inc over the next 12 months, ranging from a $15.00 high to a $6.00 low.
Is PTEN stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 9 analyst ratings, 6 are Buy or Strong Buy, 2 are Hold, and 1 are Sell or Strong Sell.
What are the highest and lowest price targets for PTEN?+
The Street-high target is $15.00 (Stifel), and the Street-low is $6.00 (JP Morgan). The average of all 9 active targets is $12.17.
How many Wall Street analysts cover PTEN?+
9 analysts have an active rating on Patterson-UTI Energy Inc, and 9 firms carry a live 12-month price target.
Who is the most accurate analyst covering PTEN?+
Among analysts who currently cover PTEN, Scott Gruber of Citigroup has the strongest overall Quantellect track record (Rank #13). Their current call is Hold with a $10.50 target.
What is Patterson-UTI Energy Inc's projected EPS for next quarter?+
The consensus estimate is $0.03 per share (range $0.00 – $0.06) across 6 analysts. Full-year EPS is projected at $-0.06, rising to $0.22 the following year.
How much revenue is Patterson-UTI Energy Inc expected to report next quarter?+
Consensus revenue is $1.2B (range $1.2B – $1.2B). Full-year revenue is projected at $4.7B, growing to $5.0B next year.
Have analysts been upgrading or downgrading PTEN lately?+
As of Jul, 6 of 9 firms rate PTEN a Buy (2 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their PTEN calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
