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PYPL   59.31 (+1.65%)
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MSFT   409.87 (-0.43%)
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NVDA   801.89 (+2.10%)
NIO   5.48 (-6.32%)
AMD   176.22 (-3.10%)
BABA   76.16 (+0.05%)
T   16.80 (+1.27%)
F   12.17 (+0.41%)
MU   86.03 (+0.14%)
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GE   153.47 (+1.19%)
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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

$11.63
-0.21 (-1.77%)
(As of 01:15 PM ET)

Patterson-UTI Energy Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 13 Analyst Ratings

Analysts' Consensus Price Target

$16.33
40.44% Upside
High Forecast$19.00
Average Forecast$16.33
Low Forecast$12.00
TypeCurrent Forecast
2/23/23 to 2/23/24
1 Month Ago
1/24/23 to 1/24/24
3 Months Ago
11/25/22 to 11/25/23
1 Year Ago
2/23/22 to 2/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
5 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$16.33$16.82$17.30$21.05
Predicted Upside40.44% Upside33.22% Upside35.34% Upside32.74% Upside
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PTEN Analyst Ratings 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.
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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.
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Patterson-UTI Energy Stock vs. The Competition

TypePatterson-UTI EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.77
2.53
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside37.95% Upside450.74% Upside7.76% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/20/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$19.00 ➝ $18.00+52.16%
2/16/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$17.00 ➝ $16.00+31.36%
2/16/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$16.00 ➝ $15.00+26.37%
1/16/2024Benchmark
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 DowngradeBuy ➝ Hold
12/19/2023The Goldman Sachs Group
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 Initiated CoverageNeutral$12.00+8.70%
11/14/2023Barclays
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 Lower TargetOverweight ➝ Overweight$18.00 ➝ $16.00+31.90%
11/13/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$20.00 ➝ $19.00+56.64%
11/9/2023Susquehanna
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 Lower TargetPositive ➝ Positive$18.00 ➝ $16.00+29.76%
10/17/2023Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$20.00 ➝ $17.00+22.92%
10/16/2023Bank of America
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 UpgradeNeutral ➝ Buy$14.00 ➝ $16.00+16.11%
10/9/2023Citigroup
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 UpgradeNeutral ➝ Buy$15.00 ➝ $18.00+46.10%
9/5/2023Stifel Nicolaus
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 Initiated CoverageBuy$19.00+27.43%
6/28/2023Capital One Financial
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D. Becker
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Initiated CoverageEqual Weight$14.00+18.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:33 PM ET.












PTEN Price Target - Frequently Asked Questions

What is Patterson-UTI Energy's consensus rating and price target?

According to the issued ratings of 13 analysts in the last year, the consensus rating for Patterson-UTI Energy stock is Moderate Buy based on the current 4 hold ratings, 8 buy ratings and 1 strong buy rating for PTEN. The average twelve-month price prediction for Patterson-UTI Energy is $16.33 with a high price target of $19.00 and a low price target of $12.00. Learn more on PTEN's analyst rating history.

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

Analysts like Patterson-UTI Energy more than other Oils/Energy companies. The consensus rating score for Patterson-UTI Energy is 2.77 while the average consensus rating score for oils/energy companies is 2.55. Learn more on how PTEN compares to other companies.

Is Patterson-UTI Energy being downgraded by Wall Street analysts?

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

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

According to analysts, Patterson-UTI Energy's stock has a predicted upside of 30.50% based on their 12-month stock forecasts.

What analysts cover Patterson-UTI Energy?

Patterson-UTI Energy has been rated by Benchmark, Evercore ISI, Raymond James, Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.


Stock Ratings Reports and Tools

This page (NASDAQ:PTEN) was last updated on 2/23/2024 by MarketBeat.com Staff