Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · Real-Time Price · USD
11.82
+0.36 (3.14%)
At close: Apr 28, 2026, 4:00 PM EDT
11.89
+0.07 (0.59%)
After-hours: Apr 28, 2026, 7:37 PM EDT
Patterson-UTI Energy Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Patterson-UTI Energy stock have an average target of 10.8, with a low estimate of 6.00 and a high estimate of 14. The average target predicts a decrease of -8.63% from the current stock price of 11.82.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Patterson-UTI Energy stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 1 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 6 | 5 | 5 | 5 | 4 | 4 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 10 | 10 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $8 → $10 | Hold | Maintains | $8 → $10 | -15.40% | Apr 28, 2026 |
| Barclays | Barclays | Hold Maintains $8 → $10 | Hold | Maintains | $8 → $10 | -15.40% | Apr 27, 2026 |
| Piper Sandler | Piper Sandler | Hold Maintains $10 → $12 | Hold | Maintains | $10 → $12 | +1.52% | Apr 27, 2026 |
| RBC Capital | RBC Capital | Buy Maintains $12 → $14 | Buy | Maintains | $12 → $14 | +18.44% | Apr 24, 2026 |
| Stifel | Stifel | Strong Buy Maintains $11 → $14 | Strong Buy | Maintains | $11 → $14 | +18.44% | Apr 24, 2026 |
Financial Forecast
Revenue This Year
4.54B
from 4.83B
Decreased by -5.98%
Revenue Next Year
4.74B
from 4.54B
Increased by 4.34%
EPS This Year
-0.34
from -0.24
EPS Next Year
-0.14
from -0.34
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 4.9B | 5.3B | |
| Avg | 4.5B | 4.7B | |
| Low | 4.2B | 4.2B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 0.7% | 17.0% | |
| Avg | -6.0% | 4.3% | |
| Low | -12.3% | -6.9% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | -0.21 | 0.18 | |
| Avg | -0.34 | -0.14 | |
| Low | -0.44 | -0.39 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | - | - | |
| Avg | - | - | |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.