What is the analyst consensus rating for PTEN?

The analyst consensus rating for PTEN is "Buy" based on 13 analyst recommendations.

What is the average price target for PTEN?

The average 12-month price target for PTEN is $12.81, representing an upside of 31.1% from the current price of $9.77.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Patterson-UTI Energy, Inc. (PTEN) Forecast: Analyst Ratings & Targets

Latest PTEN Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Jun 16, 2026	Stephen Gengaro	Stifel Nicolaus	Reiterates	Buy	$14.00 → $15.00 +1.00 (7.1%)
Jun 3, 2026	Atidrip Modak	Goldman Sachs	Maintains	Buy	$23.00 → $13.00 -10.00 (-43.5%)
May 29, 2026	Keith Mackey	RBC Capital	Maintains	Buy	$14.00 → $15.00 +1.00 (7.1%)
May 27, 2026	Derek Podhaizer	Piper Sandler	Reiterates	Hold	$12.00 → $13.00 +1.00 (8.3%)
May 27, 2026	Charles Minervino	Susquehanna	Maintains	Buy	$13.00 → $14.00 +1.00 (7.7%)
May 26, 2026	Charles Minervino	Susquehanna	Maintains	Buy	$13.00 → $14.00 +1.00 (7.7%)
May 19, 2026	Saurabh Pant	BofA Securities	Maintains	Buy	$12.00 → $13.50 +1.50 (12.5%)
May 8, 2026	Eddie Kim	Barclays	Downgrades	Buy	$10.00 → $15.00 +5.00 (50.0%)
May 7, 2026	Eddie Kim	Barclays	Upgrades	Buy	$10.00 → $15.00 +5.00 (50.0%)
Apr 29, 2026	Arun Jayaram	JP Morgan	Maintains	Sell	$7.00 → $10.00 +3.00 (42.9%)
Apr 28, 2026	Eddie Kim	Barclays	Maintains	Hold	$8.00 → $10.00 +2.00 (25.0%)
Apr 28, 2026	Arun Jayaram	JP Morgan	Maintains	Sell	$7.00 → $10.00 +3.00 (42.9%)
Apr 27, 2026	Derek Podhaizer	Piper Sandler	Maintains	Hold	$10.00 → $12.00 +2.00 (20.0%)
Apr 27, 2026	Eddie Kim	Barclays	Maintains	Hold	$8.00 → $10.00 +2.00 (25.0%)
Apr 24, 2026	Stephen Gengaro	Stifel	Maintains	Strong Buy	$11.00 → $14.00 +3.00 (27.3%)
Apr 24, 2026	Keith Mackey	RBC Capital	Maintains	Buy	$12.00 → $14.00 +2.00 (16.7%)
Apr 20, 2026	Douglas Becker	Capital One	Downgrades	Buy	$10.00 → $12.00 +2.00 (20.0%)
Apr 16, 2026	Scott Gruber	Citi	Maintains	Hold	$9.00 → $11.00 +2.00 (22.2%)
Apr 15, 2026	Derek Podhaizer	Piper Sandler	Maintains	Hold	$9.00 → $10.00 +1.00 (11.1%)
Apr 15, 2026	Ati Modak	Goldman Sachs	Maintains	Strong Buy	$9.00 → $11.00 +2.00 (22.2%)
Apr 15, 2026	Scott Gruber	Citi	Maintains	Hold	$9.00 → $11.00 +2.00 (22.2%)
Apr 15, 2026	Daniel Kutz	Morgan Stanley	Maintains	Hold	$7.00 → $10.00 +3.00 (42.9%)
Apr 7, 2026	Charles Minervino	Susquehanna	Maintains	Buy	$10.00 → $13.00 +3.00 (30.0%)

Stephen Gengaro

Stifel Nicolaus

BuyReiterates

$14.00 → $15.00

Jun 16

Atidrip Modak

Goldman Sachs

BuyMaintains

$23.00 → $13.00

Jun 3

Keith Mackey

RBC Capital

BuyMaintains

$14.00 → $15.00

May 29

Derek Podhaizer

Piper Sandler

HoldReiterates

$12.00 → $13.00

May 27

Charles Minervino

Susquehanna

BuyMaintains

$13.00 → $14.00

May 27

Charles Minervino

Susquehanna

BuyMaintains

$13.00 → $14.00

May 26

Saurabh Pant

BofA Securities

BuyMaintains

$12.00 → $13.50

May 19

Eddie Kim

Barclays

BuyDowngrades

$10.00 → $15.00

May 8

Eddie Kim

Barclays

BuyUpgrades

$10.00 → $15.00

May 7

Arun Jayaram

JP Morgan

SellMaintains

$7.00 → $10.00

Apr 29

Eddie Kim

Barclays

HoldMaintains

$8.00 → $10.00

Apr 28

Arun Jayaram

JP Morgan

SellMaintains

$7.00 → $10.00

Apr 28

Derek Podhaizer

Piper Sandler

HoldMaintains

$10.00 → $12.00

Apr 27

Eddie Kim

Barclays

HoldMaintains

$8.00 → $10.00

Apr 27

Stephen Gengaro

Stifel

Strong BuyMaintains

$11.00 → $14.00

Apr 24

Keith Mackey

RBC Capital

BuyMaintains

$12.00 → $14.00

Apr 24

Douglas Becker

Capital One

BuyDowngrades

$10.00 → $12.00

Apr 20

Scott Gruber

Citi

HoldMaintains

$9.00 → $11.00

Apr 16

Derek Podhaizer

Piper Sandler

HoldMaintains

$9.00 → $10.00

Apr 15

Ati Modak

Goldman Sachs

Strong BuyMaintains

$9.00 → $11.00

Apr 15

Scott Gruber

Citi

HoldMaintains

$9.00 → $11.00

Apr 15

Daniel Kutz

Morgan Stanley

HoldMaintains

$7.00 → $10.00

Apr 15

Charles Minervino

Susquehanna

BuyMaintains

$10.00 → $13.00

Apr 7

Patterson-UTI Energy, Inc. (PTEN) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest PTEN Analyst Ratings & Recommendations

Frequently Asked Questions