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PTEN
Volume: 14.94M

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

Patterson-UTI Energy (PTEN) Analyst Ratings

Based on 9 analyst ratings
Buy
Strong Buy 22%
Buy 33%
Hold 33%
Sell 11%
Strong Sell 0%

Bulls say

Patterson-UTI Energy is experiencing strong momentum in both their drilling and completion services, leading to projected 2Q26 EBITDA of ~$220 million, above their previous estimate and supported by rising U.S. land activity over the next 12-18 months. This is a positive signal for U.S. oil service companies (such as HAL, LBRT, and PUMP) and we have increased our estimates, reiterated our Buy rating, and raised our target price to $15 based on a sum-of-the-parts analysis. With a diverse portfolio and a strong market position, PTEN has potential for increased drilling and completion demand, driving higher pricing and a tighter market.

Bears say

Patterson-UTI Energy is facing potential risks to their financial results, such as reduced industry activity and increased regulations for oil and gas operators. They also face competition in the market and the potential for a faster than expected energy transition. While their financial metrics are currently strong, there is a potential for headwinds in terms of pricing and continued consolidation in the industry, which could hinder their profitability.

Patterson-UTI Energy (PTEN) has been analyzed by 9 analysts, with a consensus rating of Buy. 22% of analysts recommend a Strong Buy, 33% recommend Buy, 33% suggest Holding, 11% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Patterson-UTI Energy and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Patterson-UTI Energy (PTEN) Forecast

Analysts have given Patterson-UTI Energy (PTEN) a Buy based on their latest research and market trends.

According to 9 analysts, Patterson-UTI Energy (PTEN) has a Buy consensus rating as of Jun 29, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $12.44, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.44, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Patterson-UTI Energy (PTEN)

Volume: 14.94M

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