PTEN Logo

Patterson-UTI Energy Inc (PTEN) Stock Forecast & Price Prediction

Live PTEN Stock Price & Analysis

Home โ€บ Stocks โ€บ United States | NASDAQ | Energy | Oil & Gas Drilling

$8.98

+0.36 (4.18%)

12 Month Price Forecast For PTEN

$8.98
Current Price
$3.47B
Market Cap
17 Ratings
Buy 12
Hold 5
Sell 0
Wall St Analyst Ratings

Distance to PTEN Price Forecasts

+55.9%
To High Target of $14.00
+11.4%
To Median Target of $10.00
+11.4%
To Low Target of $10.00

PTEN Price Momentum

+9.4%
1 Week Change
+5.6%
1 Month Change
-14.5%
1 Year Change
+8.7%
Year-to-Date Change
-29.0%
From 52W High of $12.65
+25.6%
From 52W Low of $7.15

๐Ÿค” Considering Patterson-UTI (PTEN)?

Join 5,000+ investors getting our exclusive market analysis every Monday & Thursday. Stay ahead of breakout opportunities.

Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 11, 2025 1:20 PM UTC

PTEN Analyst Ratings & Price Targets

Based on our analysis of 23 Wall Street analysts, PTEN has a bullish consensus with a median price target of $10.00 (ranging from $10.00 to $14.00). The overall analyst rating is Strong Buy (8.2/10). Currently trading at $8.98, the median forecast implies a 11.4% upside. This outlook is supported by 12 Buy, 5 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Stephen Gengaro at Stifel, projecting a 55.9% upside. Conversely, the most conservative target is provided by Scott Gruber at Citigroup, suggesting a 11.4% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

PTEN Analyst Consensus

12
Buy
5
Hold
0
Sell

PTEN Price Target Range

Low
$10.00
Average
$10.00
High
$14.00
Current: $8.98

Latest PTEN Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for PTEN.

Date Firm Analyst Rating Change Price Target
Jan 6, 2025 Stifel Stephen Gengaro Buy Maintains $13.00
Oct 31, 2024 Citigroup Scott Gruber Buy Maintains $10.00
Oct 25, 2024 Raymond James James Rollyson Strong Buy Maintains $11.00
Oct 25, 2024 RBC Capital Keith Mackey Outperform Maintains $11.00
Oct 16, 2024 Barclays David Anderson Overweight Maintains $12.00
Oct 11, 2024 Susquehanna Charles Minervino Positive Maintains $10.00
Oct 11, 2024 Stifel Stephen Gengaro Buy Maintains $14.00
Sep 16, 2024 Morgan Stanley Daniel Kutz Equal-Weight Maintains $10.00
Sep 13, 2024 Citigroup Scott Gruber Buy Maintains $11.00
Sep 4, 2024 ATB Capital Waqar Syed Outperform Maintains $11.00
Aug 16, 2024 Barclays Derek Podhaizer Overweight Maintains $14.00
Jul 26, 2024 RBC Capital Keith Mackey Outperform Maintains $14.00
Jul 16, 2024 Stifel Stephen Gengaro Buy Maintains $16.00
Jul 15, 2024 B of A Securities Chase Mulvehill Buy Maintains $12.50
Jul 15, 2024 Piper Sandler Luke Lemoine Overweight Maintains $12.00
Jul 11, 2024 Susquehanna Charles Minervino Positive Maintains $13.00
May 6, 2024 Piper Sandler Luke Lemoine Overweight Maintains $14.00
May 6, 2024 Benchmark Kurt Hallead Hold Reiterates $0.00
May 3, 2024 Evercore ISI Group Jason Bandel Outperform Maintains $17.00
Apr 15, 2024 B of A Securities Chase Mulvehill Buy Maintains $14.00

Stocks Similar to Patterson-UTI Energy Inc

The following stocks are similar to Patterson-UTI based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Patterson-UTI Energy Inc (PTEN) Financial Data

Patterson-UTI Energy Inc has a market capitalization of $3.47B with a P/E ratio of 52.0x. The company generates $5.80B in trailing twelve-month revenue with a -14.7% profit margin.

Revenue growth is +34.2% quarter-over-quarter, while maintaining an operating margin of +1.1% and return on equity of -20.2%.

Valuation Metrics

Market Cap $3.47B
Enterprise Value $4.48B
P/E Ratio 52.0x
PEG Ratio -111.4x
Price/Sales 0.6x

Growth & Margins

Revenue Growth (YoY) +34.2%
Gross Margin -2.2%
Operating Margin +1.1%
Net Margin -14.7%
EPS Growth +34.2%

Financial Health

Cash/Price Ratio +3.2%
Current Ratio 1.5x
Debt/Equity 36.7x
ROE -20.2%
ROA +2.8%

๐Ÿ”ฅ Want More High-Potential Stock Ideas?

Join 5,000+ investors getting our research on stocks with massive upside potential.

Patterson-UTI Energy Inc logo

Patterson-UTI Energy Inc (PTEN) Company Overview

About Patterson-UTI Energy Inc

What They Do

Provides contract drilling services for energy operators.

Business Model

The company operates through three segments: Drilling Services, Completion Services, and Drilling Products. It generates revenue by offering contract and directional drilling services, hydraulic fracturing, and manufacturing drill bits, as well as providing software and analytics services to optimize drilling operations.

Additional Information

Founded in 1978 and headquartered in Houston, Texas, Patterson-UTI Energy serves both domestic and international oil and natural gas operators. The company also engages in equipment service and re-certification, as well as offering logistics and storage solutions.

Company Information

Sector

Energy

Industry

Oil & Gas Drilling

Employees

10,600

CEO

Mr. William Andrew Hendricks Jr.

Country

United States

IPO Year

1993

Patterson-UTI Energy Inc (PTEN) Latest News & Analysis

PTEN stock latest news image
Quick Summary

Patterson-UTI Energy, Inc. will hold its Q4 2024 earnings conference call on February 6, 2025, at 10:00 AM ET, featuring key company executives and financial analysts.

Why It Matters

The earnings call provides insights into Patterson-UTI's financial performance and future outlook, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
PTEN stock latest news image
Quick Summary

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) announced its financial results for Q4 2024, ending December 31, 2024. Further details on performance were not specified.

Why It Matters

Quarterly financial results provide insights into Patterson-UTI's performance, affecting stock valuation, investor sentiment, and potential future earnings.

Source: Accesswire
Market Sentiment: Neutral
PTEN stock latest news image
Quick Summary

PTEN projects 2025 capital expenditures at approximately $600 million, with all segments planning to reduce spending compared to 2024 levels.

Why It Matters

PTEN's reduced capital expenditures signal a potential slowdown in growth or cost management strategies, impacting future revenue and profitability forecasts, influencing investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Negative
PTEN stock latest news image
Quick Summary

Patterson-UTI (PTEN) reported a Q3 loss of $0.12 per share, worse than the expected loss of $0.10, compared to a profit of $0.19 per share in the same quarter last year.

Why It Matters

Patterson-UTI's larger-than-expected quarterly loss signals potential operational challenges, which may affect investor confidence and future stock performance.

Source: Zacks Investment Research
Market Sentiment: Negative
PTEN stock latest news image
Quick Summary

PTEN is projected to report lower year-over-year revenues but an improved bottom line due to reduced costs.

Why It Matters

Lower revenues may signal reduced demand or market challenges, while higher profits from cost-cutting could indicate effective management. Both factors impact PTEN's financial health and stock performance.

Source: Zacks Investment Research
Market Sentiment: Neutral
PTEN stock latest news image
Quick Summary

Patterson-UTI (PTEN) is unlikely to meet earnings expectations in its upcoming report due to lacking key performance indicators. Investors should prepare accordingly.

Why It Matters

Patterson-UTI's lack of key earnings indicators suggests potential underperformance in its upcoming report, impacting investor sentiment and stock valuation.

Source: Zacks Investment Research
Market Sentiment: Negative

Frequently Asked Questions About PTEN Stock

What is Patterson-UTI Energy Inc's (PTEN) stock forecast for 2025?

Based on our analysis of 23 Wall Street analysts, Patterson-UTI Energy Inc (PTEN) has a median price target of $10.00. The highest price target is $14.00 and the lowest is $10.00.

Is PTEN stock a good investment in 2025?

According to current analyst ratings, PTEN has 12 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $8.98. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for PTEN stock?

Wall Street analysts predict PTEN stock could reach $10.00 in the next 12 months. This represents a 11.4% increase from the current price of $8.98. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Patterson-UTI Energy Inc's business model?

The company operates through three segments: Drilling Services, Completion Services, and Drilling Products. It generates revenue by offering contract and directional drilling services, hydraulic fracturing, and manufacturing drill bits, as well as providing software and analytics services to optimize drilling operations.

What is the highest forecasted price for PTEN Patterson-UTI Energy Inc?

The highest price target for PTEN is $14.00 from Stephen Gengaro at Stifel, which represents a 55.9% increase from the current price of $8.98.

What is the lowest forecasted price for PTEN Patterson-UTI Energy Inc?

The lowest price target for PTEN is $10.00 from Scott Gruber at Citigroup, which represents a 11.4% increase from the current price of $8.98.

What is the overall PTEN consensus from analysts for Patterson-UTI Energy Inc?

The overall analyst consensus for PTEN is bullish. Out of 23 Wall Street analysts, 12 rate it as Buy, 5 as Hold, and 0 as Sell, with a median price target of $10.00.

How accurate are PTEN stock price projections?

Stock price projections, including those for Patterson-UTI Energy Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.