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Patterson-UTI Energy Price Target & Analyst Ratings (NASDAQ:PTEN)

$8.48
+0.01 (+0.12 %)
(As of 11/20/2019 04:00 PM ET)
Today's Range
$8.20
Now: $8.48
$8.79
50-Day Range
$7.70
MA: $8.55
$9.66
52-Week Range
$7.67
Now: $8.48
$16.27
Volume4.47 million shs
Average Volume4.02 million shs
Market Capitalization$1.65 billion
P/E RatioN/A
Dividend Yield1.89%
Beta1.58

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.
19 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 $11.88, suggesting that the stock has a possible upside of 40.12%. The high price target for PTEN is $17.00 and the low price target for PTEN is $7.00. There are currently 2 sell ratings, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldBuyBuy
Consensus Rating Score: 2.372.442.652.67
Ratings Breakdown: 2 Sell Rating(s)
8 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
8 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
6 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $11.88$12.80$14.68$19.71
Price Target Upside: 40.12% upside59.80% upside51.17% upside40.02% 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

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/19/2019Deutsche BankInitiated CoverageSell$7.00 ➝ $7.00High
10/25/2019Wolfe ResearchSet Price TargetBuy$11.00N/A
10/25/2019Royal Bank of CanadaSet Price TargetBuy$10.00N/A
10/25/2019BarclaysReiterated RatingHold$9.00High
10/8/2019Bank of AmericaDowngradeBuy ➝ NeutralLow
10/7/2019Morgan StanleyLower Price TargetOverweight$14.00 ➝ $13.00High
9/30/2019CitigroupDowngradeBuy ➝ Neutral$12.00 ➝ $9.50Low
9/12/2019Wells Fargo & CoDowngradeMarket Perform ➝ UnderperformHigh
9/4/2019Seaport Global SecuritiesSet Price TargetBuy$16.00Low
8/7/2019ScotiabankDowngradeSector Outperform ➝ Sector Perform$9.00Low
8/2/2019Jefferies Financial GroupDowngradeBuy ➝ Hold$14.50 ➝ $11.50Low
7/30/2019Piper Jaffray CompaniesLower Price TargetOverweight$13.00 ➝ $12.00High
7/26/2019Raymond JamesSet Price TargetBuy$17.00N/A
7/26/2019UBS GroupSet Price TargetBuy$17.00N/A
7/26/2019Credit Suisse GroupLower Price TargetNeutral$14.00 ➝ $11.00Low
6/20/2019AltaCorp CapitalReiterated RatingOutperformMedium
3/10/2019Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$16.00Medium
1/17/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$16.00 ➝ $12.00High
12/19/2018Societe GeneraleUpgradeHold ➝ BuyHigh
10/4/2018Sanford C. BernsteinInitiated CoverageOutperform ➝ Outperform$21.00Low
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
4/13/2018CowenUpgradeMarket Perform ➝ Outperform$23.00 ➝ $26.00High
1/12/2018Scotia Howard WeillUpgradeSector Perform ➝ Sector OutperformMedium
1/9/2018StephensInitiated CoverageOverweight$29.00Medium
12/6/2017SunTrust BanksBoost Price TargetBuy$31.00Low
(Data available from 11/20/2017 forward)
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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