Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

$9.76 -0.33 (-3.22%)

As of 12:41 PM Eastern

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Patterson-UTI Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
1

Hold
4

Buy
10

Based on 15 Wall Street analysts who have issued ratings for Patterson-UTI Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for PTEN.

Consensus Price Target

$12.95
32.62% Upside

According to the 15 analysts' twelve-month price targets for Patterson-UTI Energy, the average price target is $12.95. The highest price target for PTEN is $16.00, while the lowest price target for PTEN is $10.00. The average price target represents a forecasted upside of 32.62% from the current price of $9.77.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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PTEN Analyst Ratings Over Time

Type	Current Forecast 8/5/25 to 8/5/26	1 Month Ago 7/6/25 to 7/6/26	3 Months Ago 5/7/25 to 5/7/26	1 Year Ago 8/5/24 to 8/5/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$12.95	$12.35	$11.80	$8.27
Forecasted Upside	32.62% Upside	44.28% Upside	3.42% Upside	47.99% Upside
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Hold

PTEN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PTEN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Patterson-UTI Energy Stock vs. The Competition

Type	Patterson-UTI Energy	Energy Companies	Broader Market
Consensus Rating Score	2.67	2.40	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	27.35% Upside	46.86% Upside	11.16% Upside
News Sentiment Rating	Positive News See Recent PTEN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/5/2026	Barclays 3 of 5 stars	Eddie Kim Not Rated	Boost Target	Overweight	$15.00 ➝ $16.00	+58.57%
8/3/2026	Susquehanna 5 of 5 stars	Charles Minervino 5 of 5 stars	Boost Target	Positive	$12.00 ➝ $13.00	+26.43%
7/31/2026	JPMorgan Chase & Co. 3 of 5 stars	Arun Jayaram 4 of 5 stars	Upgrade	Underweight ➝ Neutral	$12.00	+21.83%
7/29/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/14/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Derek Podhaizer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$13.00	+34.30%
6/29/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scott Gruber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$11.00 ➝ $10.50	+10.76%
6/16/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Gengaro Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$14.00 ➝ $15.00	+40.71%
6/4/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ati Modak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$11.00 ➝ $13.00	+5.64%
5/29/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Keith Mackey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$14.00 ➝ $15.00	+34.59%
5/27/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Overweight
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5/26/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (D+)
4/20/2026	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$12.00	+27.39%
4/15/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Kutz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$7.00 ➝ $10.00	-0.25%
3/2/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
10/17/2025	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
1/6/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Rollyson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Market Perform
9/4/2024	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$12.00 ➝ $11.00	+25.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:41 PM ET.

PTEN Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Patterson-UTI Energy is $12.95, with a high forecast of $16.00 and a low forecast of $10.00.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There is currently 1 sell rating, 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PTEN shares.

According to analysts, Patterson-UTI Energy's stock has a predicted upside of 32.62% based on their 12-month stock forecasts.

Over the previous 90 days, Patterson-UTI Energy's stock had 5 upgrades and 1 downgrade by analysts.

Patterson-UTI Energy has been rated by research analysts at Barclays, Citigroup, JPMorgan Chase & Co., KeyCorp, Piper Sandler, Royal Bank Of Canada, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Patterson-UTI Energy more than other "energy" companies. The consensus rating for Patterson-UTI Energy is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how PTEN compares to other companies.

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This page (NASDAQ:PTEN) was last updated on 8/5/2026 by MarketBeat.com Staff.

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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

Patterson-UTI Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PTEN Analyst Ratings Over Time

PTEN Analyst Recommendations By Month

PTEN Price Targets by Month

Patterson-UTI Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

PTEN Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Patterson-UTI Energy Recommendations

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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

Patterson-UTI Energy - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

PTEN Analyst Ratings Over Time

PTEN Analyst Recommendations By Month

PTEN Price Targets by Month

Patterson-UTI Energy Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

PTEN Forecast - Frequently Asked Questions

What is Patterson-UTI Energy's forecast for 2026?

Should I buy or sell Patterson-UTI Energy stock right now?

Does Patterson-UTI Energy's stock price have much upside?

Has Patterson-UTI Energy been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Patterson-UTI Energy?

Do Wall Street analysts like Patterson-UTI Energy more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Patterson-UTI Energy Recommendations

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools