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PTEN
Volume: 7.06M

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

Patterson-UTI Energy (PTEN) Analyst Ratings

Based on 9 analyst ratings
Buy
Strong Buy 22%
Buy 44%
Hold 22%
Sell 11%
Strong Sell 0%

Bulls say

Patterson-UTI Energy is a leading provider of drilling and completion services, operating through three segments and generating revenue primarily in the United States. With the majority of its revenue coming from the United States, positive outlook for the company is driven by strong pricing and demand for its completion services, capital discipline and strong free cash flow, solid demand for its Tier 1 drilling rigs, and investments in next-generation equipment to drive gas substitution, which supports the company's clean balance sheet and commitment to shareholder returns. Despite some short-term concerns, such as recent Middle East headlines, PTEN is well positioned for future growth and is expected to outperform its peers.

Bears say

Patterson-UTI Energy is expected to outperform in the near future, with a projected 2Q26 guidance of ~$220 million in EBITDA and strong momentum in both its Drilling and Completion Services segments, as well as higher frac pricing. Upgraded rigs are likely to push dayrates towards $40k, indicating a tighter supply market and potential for higher profitability. However, there are risks to this outlook, including macro volatility and potential pricing headwinds, which may impact the company's success in returning US Land rigs to work and achieving its EBITDA and revenue targets. The overall recommendation for Patterson-UTI Energy is Neutral, with a price target of $13 based on its expected 2026 and 2027 EBITDA and net debt.

Patterson-UTI Energy (PTEN) has been analyzed by 9 analysts, with a consensus rating of Buy. 22% of analysts recommend a Strong Buy, 44% recommend Buy, 22% 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 Jul 15, 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 $12.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.17, 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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