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PTEN
Volume: 950.95K
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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

Patterson-UTI Energy (PTEN) Analyst Ratings

Based on 9 analyst ratings
Hold
Strong Buy 11%
Buy 22%
Hold 56%
Sell 11%
Strong Sell 0%

Bulls say

Patterson-UTI Energy Inc. has significantly enhanced its market position following its merger with NexTier, now controlling nearly 20% of the North American market for drilling and completions services. The company reported strong financial results for its completion services segment, with revenues of $88.4 million surpassing estimates and reflecting continued growth despite broader industry challenges. Furthermore, the anticipated maintainance of high demand for Tier 1 Super-spec drilling rigs and a strategic focus on returning at least 50% of free cash flow to investors through dividends and buybacks underscores a robust outlook for Patterson-UTI's financial performance.

Bears say

Patterson-UTI Energy's financial performance in 2023 indicates notable weaknesses, with segment adjusted EBITDA of $90.5 million representing a significant 39.4% decline year-over-year and a 6.7% decrease sequentially. While adjusted EBITDA of $231.2 million was slightly above forecasts, it exhibited an 8% decline compared to the previous quarter, and free cash flow of $71 million fell short of expectations by 22%. Additionally, despite a dominant market share in drilling and completions services, lower revenue from completion services, alongside a projected decline in the active rig count, raises concerns about the company's future operational performance and profitability.

Patterson-UTI Energy (PTEN) has been analyzed by 9 analysts, with a consensus rating of Hold. 11% of analysts recommend a Strong Buy, 22% recommend Buy, 56% 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 Hold based on their latest research and market trends.

According to 9 analysts, Patterson-UTI Energy (PTEN) has a Hold consensus rating as of Dec 15, 2025. 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 $7.28, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.28, 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)

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