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PTEN
Volume: 603.11K

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 increased its market presence following its 2023 merger with NexTier, now controlling nearly 20% of the North American market for drilling and completions services, which positions the company strategically for growth. The firm is experiencing robust demand for its Tier 1 Super-spec drilling rigs, supported by operators' focus on efficiency, and anticipates returning at least 50% of its free cash flow to investors through dividends and buybacks. Positive catalysts like higher commodity prices, improved pricing for equipment and services, and enhanced utilization rates are expected to enhance financial performance, further solidifying a favorable outlook for the company's stock.

Bears say

Patterson-UTI Energy's recent financial performance exhibits concerning trends, with segment adjusted EBITDA declining significantly by 39.4% year-over-year and 6.7% sequentially, despite a slight beat on forecasts. The completion services segment revealed a revenue shortfall of 1.1% against projections, coupled with a year-over-year contraction of 10.7%, indicating weakening market demand. Additionally, the company's free cash flow of $71 million fell below expectations due to weaker working capital performance, highlighting fundamental financial challenges ahead.

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 12, 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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