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Patterson-UTI (PTEN): analyst forecast and price target
Analyst consensus
Moderate Buy5 Buy4 Hold0 Sell
Ratings of 9 analysts in the last 3 months · top analysts only12-month forecast
Based on 9 price targets given in the last 3 months, the average target is $13.06, the highest $15.00, the lowest $12.00. The average is +13.5% from the last price of $11.50.
Analyst ratings 12
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| Eddie Kim★★★★★★★★★★#6236 · hits 45% · avg +1.4% | Barclays | $16.00 | Buy | +39.1% | Reiterated | 15.10.26on TipRanks 05:08 | −2.3%next day +2.8% | ↗ |
| Joe Laetsch★★★★★★★★★★#3110 · hits 61% · avg +5.9% | Morgan Stanley | $12.00 | Hold | +4.3% | Assigned | 14.10.26on TipRanks 07:35 | +1.3%next day −2.3% | ↗ |
| Atidrip Modak★★★★★★★★★★#1433 · hits 51% · avg +22.0% | Goldman Sachs | $12.00 | Buy | +4.3% | Reiterated | 13.10.26on TipRanks Oct 14 08:30 | +1.7%next day +1.3% | ↗ |
| AI PerPlexity Oil and Gas DrillingPerPlexity SonarPro | TipRanks - PerPlexity | $12.00 → $12.50+4.2% | Hold | +8.7% | Reiterated | 11.10.26on TipRanks 06:05 | — | |
| AI xAi Oil and Gas DrillingxAI Grok-3 | TipRanks - xAI | $11.50 → $12.00+4.3% | Hold | +4.3% | Reiterated | 02.10.26on TipRanks 18:07 | — | |
| AI DeepSeek Oil and Gas DrillingDeepSeek R1-0528 | TipRanks - DeepSeek | $11.50 → $12.00+4.3% | Hold | +4.3% | Reiterated | 02.10.26on TipRanks 18:07 | — | |
| AI OpenAI Oil and Gas DrillingOpenAI 4o | TipRanks - OpenAI | $11.50 → $12.00+4.3% | Hold | +4.3% | Reiterated | 02.10.26on TipRanks 18:07 | — | |
| AI Google Oil and Gas DrillingGemini 2.5Pro | TipRanks - Google | $12.00 → $12.50+4.2% | Buy | +8.7% | Upgrade | 02.10.26on TipRanks 18:07 | — | |
| Saurabh Pant★★★★★★★★★★#1580 · hits 60% · avg +10.9% | Bank of America Securities | $13.00 | Buy | +13.0% | Reiterated | 02.10.26on TipRanks 11:10 | −1.5%next day +2.4% · 5 days −0.3% | ↗ |
| Scott Gruber★★★★★★★★★★#383 · hits 60% · avg +15.6% | Citi | $13.50 → $12.50−7.4% | Hold | +8.7% | Reiterated | 02.10.26on TipRanks 07:00 | −1.5%next day +2.4% · 5 days −0.3% | ↗ |
| Josh Silverstein★★★★★★★★★★#630 · hits 61% · avg +10.8% | UBS | $13.00 | Hold | +13.0% | Initiated | 01.10.26on TipRanks Oct 2 05:36 | +3.3%next day −1.5% · 5 days +0.3% | ↗ |
| AI Anthropic Oil and Gas DrillingAnthropic Opus-4.1 | TipRanks - Anthropic | $11.00 → $11.50+4.5% | Hold | 0.0% | Reiterated | 01.10.26on TipRanks 17:05 | — | |
| Arun Jayaram★★★★★★★★★★#1023 · hits 59% · avg +8.0% | J.P. Morgan | $12.00 | Hold | +4.3% | Upgrade | 04.08.26on TipRanks Aug 5 08:08 | −3.6%next day −5.3% · 5 days +9.7% | ↗ |
| Charles Minervino★★★★★★★★★★#59 · hits 71% · avg +23.0% | Susquehanna | $12.00 → $13.00+8.3% | Buy | +13.0% | Reiterated | 03.08.26on TipRanks 07:35 | −3.4%next day −3.6% · 5 days +5.0% | ↗ |
| Stephen Gengaro★★★★★★★★★★#580 · hits 50% · avg +14.7% | Stifel Nicolaus | $15.00 | Buy | +30.4% | Reiterated | 31.07.26on TipRanks Jul 30 09:06 | +3.9%next day +5.7% · 5 days −1.6% | ↗ |
| Keith Mackey★★★★★★★★★★#97 · hits 66% · avg +25.6% | RBC Capital | $15.00 | Buy | +30.4% | Reiterated | 30.07.26on TipRanks Jul 31 08:25 | +3.9%next day +5.7% · 5 days −1.6% | ↗ |
| Derek Podhaizer★★★★★★★★★★#484 · hits 66% · avg +21.0% | Piper Sandler | $13.00 | Buy | +13.0% | Upgrade | 14.07.26on TipRanks 05:01 | +1.5%next day −0.6% · 5 days +7.3% | ↗ |
| Douglas Becker★★★★★★★★★★#1244 · hits 54% · avg +22.3% | Capital One Financial | $10.00 → $12.00+20.0% | Buy | +4.3% | Upgrade | 20.04.26on TipRanks 22:00 | +8.7%next day +1.4% · 5 days +10.9% | ↗ |
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The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included
Best analysts covering Patterson-UTI
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $13.61 at a price of $10.92 (+24.6%); now: $13.35 at $11.50 (+16.1%).
PriceAverage targetTop analysts’ target
Recommendation trend · top analysts
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 2 | 2 | 2 | 0 |
| Buy | 12 | 14 | 12 | 10 | 7 | 4 |
| Hold | 5 | 5 | 4 | 5 | 5 | 6 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 28.10.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.04 (from $0.01 to $0.07). Last quarter: $0.00.
Sales
Next quarter’s sales estimate — $1.3B (from $1.3B to $1.4B). Last quarter: $1.2B.
Best top-analyst consensus in the sector · Energy
About Patterson-UTI
- CEO: William Andrew Hendricks Jr.
- Employees: 7,900
- 10713 West Sam Houston Parkway North, Houston, TX, 77064, US
- www.patenergy.com
Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable land-based drilling rigs. 2. Pressure Pumping Services: Specializing in well site operations, this segment provides a range of pressure pumping services. These include comprehensive well stimulation for new well completions and remedial interventions on existing wells, in addition to hydraulic fracturing, cementing, and acid pumping activities within Texas and the Appalachian region. 3. Directional Drilling Services: This segment focuses on advanced drilling technologies, offering a complete suite of directional drilling and measurement-while-drilling (MWD) services. It also provides the supply and rental of high-performance downhole motors, complemented by specialized software and support services designed to optimize the precision, quality, and drilling efficiency (on-bottom rate of penetration) of directional and horizontal wellbores. Beyond these core offerings, Patterson-UTI also extends equipment maintenance services to drilling contractors. Furthermore, it delivers sophisticated electrical controls and automation solutions to the energy, marine, and mining sectors across North America and other international areas. The company maintains a portfolio of non-operating working interests in oil and natural gas assets, primarily situated in Texas and New Mexico. Established in 1978, Patterson-UTI Energy, Inc. is headquartered in Houston, Texas.
Data from the stock’s TipRanks forecast page, read 24 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗