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PTEN
Volume: 16.92M
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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

Patterson-UTI Energy (PTEN) Analyst Ratings

Based on 39 analyst ratings
Buy
Strong Buy 31%
Buy 21%
Hold 36%
Sell 5%
Strong Sell 8%

Bulls say

Patterson-UTI Energy's recent merger with NexTier has significantly enhanced its position in the North American market for drilling and completions services, now controlling nearly 20% of this sector. The company's expected strong free cash flow generation, projected at approximately 40% of FY2025 EBITDA, coupled with rising commodity prices and improved utilization rates, is likely to contribute to better margins and overall financial performance. Additionally, the firm is benefiting from increased operational efficiencies through emissions reduction initiatives, positioning it favorably for future growth opportunities.

Bears say

Patterson-UTI Energy faces a negative outlook due to a projected decrease in EBITDA for 2024 and 2025 by -2% and -6%, respectively, stemming from a soft activity outlook in the second half of 2024. Key financial metrics indicate that the company’s Q3 2024 revenue is estimated at $1.36 billion with an EBITDA of $304 million, while forecasts for FY26 have been revised downward, with expected revenue of $5.95 billion and EBITDA of $1.46 billion reflecting a dip in completion service margins. Additionally, in 2025, average rig margins are anticipated to fall to $14,800, exacerbated by declining rig counts, dayrates, and overall industry utilization impacting revenue and profitability.

Patterson-UTI Energy (PTEN) has been analyzed by 39 analysts, with a consensus rating of Buy. 31% of analysts recommend a Strong Buy, 21% recommend Buy, 36% suggest Holding, 5% advise Selling, and 8% 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 39 analysts, Patterson-UTI Energy (PTEN) has a Buy consensus rating as of Jun 23, 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 $14.74, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $14.74, 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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