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NASDAQ:PTENPatterson-UTI Energy Price Target & Analyst Ratings

+0.08 (+1.79 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $4.56
50-Day Range
MA: $3.73
52-Week Range
Now: $4.56
Volume2.89 million shs
Average Volume6.54 million shs
Market Capitalization$854.57 million
P/E RatioN/A
Dividend Yield1.75%

Analyst Ratings

Patterson-UTI Energy (NASDAQ:PTEN) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
23 Wall Street analysts have issued ratings and price targets for Patterson-UTI Energy in the last 12 months. Their average twelve-month price target is $5.60, suggesting that the stock has a possible upside of 22.87%. The high price target for PTEN is $16.00 and the low price target for PTEN is $2.00. There are currently 10 sell ratings, 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 1.651.811.812.00
Ratings Breakdown: 10 Sell Rating(s)
11 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
9 Sell Rating(s)
13 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
9 Sell Rating(s)
13 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
8 Sell Rating(s)
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $5.60$7.63$7.35$10.48
Price Target Upside: 22.87% upside128.24% upside176.23% upside41.95% upside

Patterson-UTI Energy (NASDAQ:PTEN) Consensus Price Target History

Average Share Price and Price Target 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 (NASDAQ:PTEN) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/10/2020Royal Bank of CanadaReiterated RatingBuyHigh
7/26/2020BarclaysReiterated RatingHold$4.00High
7/24/2020Credit Suisse GroupBoost Price TargetUnderperform$2.40 ➝ $2.75Medium
7/16/2020ScotiabankDowngradeSector Perform ➝ Sector Underperform$2.00Low
7/8/2020Morgan StanleyBoost Price TargetEqual Weight$2.50 ➝ $3.50High
5/28/2020Piper SandlerBoost Price TargetNeutral$2.00 ➝ $4.00Low
5/28/2020CitigroupBoost Price TargetNeutral$1.90 ➝ $4.50High
4/27/2020G.ResearchDowngradeBuy ➝ HoldHigh
4/27/2020GabelliDowngradeBuy ➝ HoldHigh
4/24/2020CfraLower Price TargetSell$6.50 ➝ $2.50Medium
4/14/2020CowenDowngradeOutperform ➝ Market Perform$3.00Medium
4/6/2020Sanford C. BernsteinUpgradeUnderperform ➝ Market Perform$6.90 ➝ $2.10High
3/19/2020Wolfe ResearchDowngradePeer Perform ➝ UnderperformHigh
3/17/2020Evercore ISIDowngradeHoldHigh
3/10/2020Raymond JamesDowngradeStrong-Buy ➝ Market PerformHigh
3/9/2020Bank of AmericaDowngradeNeutral ➝ UnderperformHigh
1/14/2020Bernstein BankInitiated CoverageUnderperform$7.50High
12/18/2019AltaCorp CapitalDowngradeOutperform ➝ UnderperformLow
12/13/2019JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$7.00 ➝ $6.00Low
11/27/2019Deutsche BankInitiated CoverageSell$7.00Medium
9/12/2019Wells Fargo & CoDowngradeMarket Perform ➝ UnderperformHigh
9/4/2019Seaport Global SecuritiesSet Price TargetBuy$16.00Low
8/2/2019Jefferies Financial GroupDowngradeBuy ➝ Hold$14.50 ➝ $11.50Low
7/30/2019Piper Jaffray CompaniesLower Price TargetOverweight$13.00 ➝ $12.00High
7/26/2019UBS GroupSet Price TargetBuy$17.00N/A
3/10/2019Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$16.00Medium
12/19/2018Societe GeneraleUpgradeHold ➝ BuyHigh
8/9/2018BMO Capital MarketsSet Price TargetBuy$21.00Low
7/27/2018Susquehanna BancsharesSet Price TargetBuy$26.00Low
7/26/2018MacquarieUpgradeUnderperform ➝ NeutralHigh
7/6/2018GuggenheimDowngradeBuy ➝ NeutralHigh
1/12/2018Scotia Howard WeillUpgradeSector Perform ➝ Sector OutperformMedium
12/6/2017SunTrust BanksBoost Price TargetBuy$31.00Low
(Data available from 8/14/2018 forward)
This page was last updated on 8/14/2020 by MarketBeat.com Staff

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