12 Month Price Forecast For PTEN
Distance to PTEN Price Forecasts
PTEN Price Momentum
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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
PTEN Price Target Range
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 |
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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
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Patterson-UTI Energy Inc (PTEN) Company Overview
About Patterson-UTI Energy Inc
Provides contract drilling services for energy operators.
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.
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
Website
www.patenergy.comPatterson-UTI Energy Inc (PTEN) Latest News & Analysis
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.
The earnings call provides insights into Patterson-UTI's financial performance and future outlook, influencing investor sentiment and stock valuation.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) announced its financial results for Q4 2024, ending December 31, 2024. Further details on performance were not specified.
Quarterly financial results provide insights into Patterson-UTI's performance, affecting stock valuation, investor sentiment, and potential future earnings.
PTEN projects 2025 capital expenditures at approximately $600 million, with all segments planning to reduce spending compared to 2024 levels.
PTEN's reduced capital expenditures signal a potential slowdown in growth or cost management strategies, impacting future revenue and profitability forecasts, influencing investor sentiment.
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.
Patterson-UTI's larger-than-expected quarterly loss signals potential operational challenges, which may affect investor confidence and future stock performance.
PTEN is projected to report lower year-over-year revenues but an improved bottom line due to reduced costs.
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.
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
13 days agoPatterson-UTI (PTEN) is unlikely to meet earnings expectations in its upcoming report due to lacking key performance indicators. Investors should prepare accordingly.
Patterson-UTI's lack of key earnings indicators suggests potential underperformance in its upcoming report, impacting investor sentiment and stock valuation.
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.