Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Patterson-UTI Energy Inc Market Cap
From what 18 stock analysts predict, the share price for Patterson-UTI Energy Inc (PTEN) might increase by 29.9% in the next year. This is based on a 12-month average estimation for PTEN. Price targets go from $9 to $14. The majority of stock analysts believe PTEN is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 18 Wall Street analysts have assignedPTEN 13 buy ratings, 5 hold ratings, and 0 sell ratings. This means that analysts expect Patterson-UTI Energy Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PTEN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of PTEN.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Scott Gruber Citigroup | Buy | $10 | Maintains | Oct 31, 2024 |
| Keith Mackey RBC Capital | Outperform | $11 | Maintains | Oct 25, 2024 |
| James Rollyson Raymond James | Strong Buy | $11 | Maintains | Oct 25, 2024 |
| David Anderson Barclays | Overweight | $12 | Maintains | Oct 16, 2024 |
| Stephen Gengaro Stifel | Buy | $14 | Maintains | Oct 11, 2024 |
| Charles Minervino Susquehanna | Positive | $10 | Maintains | Oct 11, 2024 |
| Daniel Kutz Morgan Stanley | Equal-Weight | $10 | Maintains | Sep 16, 2024 |
| Scott Gruber Citigroup | Buy | $11 | Maintains | Sep 13, 2024 |
| Waqar Syed ATB Capital | Outperform | $11 | Maintains | Sep 4, 2024 |
| Derek Podhaizer Barclays | Overweight | $14 | Maintains | Aug 16, 2024 |
| Keith Mackey RBC Capital | Outperform | $14 | Maintains | Jul 26, 2024 |
| Stephen Gengaro Stifel | Buy | $16 | Maintains | Jul 16, 2024 |
| Chase Mulvehill B of A Securities | Buy | $12.5 | Maintains | Jul 15, 2024 |
| Luke Lemoine Piper Sandler | Overweight | $12 | Maintains | Jul 15, 2024 |
| Charles Minervino Susquehanna | Positive | $13 | Maintains | Jul 11, 2024 |
| Kurt Hallead Benchmark | Hold | Reiterates | May 6, 2024 | |
| Luke Lemoine Piper Sandler | Overweight | $14 | Maintains | May 6, 2024 |
| Jason Bandel Evercore ISI Group | Outperform | $17 | Maintains | May 3, 2024 |
| Chase Mulvehill B of A Securities | Buy | $14 | Maintains | Apr 15, 2024 |
| Charles Minervino Susquehanna | Positive | $16 | Maintains | Apr 8, 2024 |
When did it IPO
1993
Staff Count
10,600
Country
United States
Sector/Industry
Energy/Oil & Gas Drilling
CEO
Mr. William Andrew Hendricks Jr.
Market Cap
$3.30B
In 2023, PTEN generated $4.15B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that PTEN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 22 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Patterson-UTI (PTEN) reported earnings 30 days ago. Investors should monitor upcoming developments and analyst insights for future stock performance.
Why It Matters - Earnings reports influence stock performance and investor sentiment. Upcoming guidance or analyst reactions can signal future trends for Patterson-UTI's stock price.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 105 drilling rigs operating in the U.S. for October 2024.
Why It Matters - The increase in active drilling rigs indicates stronger oil and gas demand, potentially boosting Patterson-UTI's revenue and market position, influencing investor confidence and stock performance.
Sun, 27 Oct 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - PTEN reports a delay in U.S. oilfield recovery but is managing capex and generating cash flow for buybacks and dividends, positioning for future catalysts in the natural gas market.
Why It Matters - PTEN's ability to generate cash flow amid delayed oilfield activity supports buybacks and dividends, providing a buffer for investors until market conditions improve.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Patterson-UTI Energy, Inc. (NASDAQ:PTEN) will hold its Q3 2024 earnings call on October 24, 2024, at 10:00 AM ET, featuring key executives and analysts from major financial firms.
Why It Matters - The Q3 2024 earnings call for Patterson-UTI Energy will provide insights into financial performance, market trends, and strategic direction, influencing investor sentiment and stock valuation.
Thu, 24 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - PTEN estimates Q4 expenses of $65 million for selling, general, and administrative costs, and $150 million for capital expenditures.
Why It Matters - Projected expenses indicate PTEN's financial health and investment strategy, affecting profitability and cash flow, which can influence stock performance and investor confidence.
Wed, 23 Oct 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Patterson-UTI Energy, Inc. (NASDAQ: PTEN) released its financial results for Q3 2024, ending September 30. Further details on performance are pending in the full report.
Why It Matters - Patterson-UTI's financial results can impact stock performance, investor sentiment, and sector trends, influencing trading decisions and portfolio allocations.
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