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PTEN
Volume: 4.1M

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 solidified its position in the North American drilling and completions market following its merger with NexTier, achieving approximately 20% market share and maintaining revenue growth across its segments despite lower industry activity levels. Strong demand for Tier 1 Super-spec drilling rigs and an emphasis on operational efficiency by oil-focused operators are expected to drive above-market growth, supported by the company's high-quality asset base. Management also assures that at least 50% of free cash flow will be returned to investors through dividends and buybacks, contributing to an optimistic financial outlook for the firm.

Bears say

Patterson-UTI Energy's financial performance indicates a concerning trend, as evidenced by a year-over-year decline of 39.4% in segment adjusted EBITDA, despite a marginal beat against forecasts in the most recent quarter. The company's overall adjusted EBITDA of $231.2 million, while slightly ahead of projections, still marked an 8% decline from the previous quarter, attributed to weaker drilling services revenue and increased corporate general and administrative expenses. Furthermore, lower than expected free cash flow and a sequential drop in completion services revenue reflect a weakening operational environment, compounded by anticipated declines in the active rig count, suggesting a challenging outlook for the company's growth 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 Jan 9, 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 $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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