PATTERSON-UTI ENERGY INC (PTEN) Forecast, Price Target & Analyst Ratings

NASDAQ:PTEN • US7034811015

Current stock price

10.28 USD
-0.55 (-5.08%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PATTERSON-UTI ENERGY INC (PTEN).

Forecast Snapshot

Consensus Price Target

Price Target
$9.34
-9.17% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 21, 2026
Period
Q1 / 2026
EPS Estimate
-$0.10
Revenue Estimate
1.121B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
71.82%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$9.34
Upside
-9.17%
From current price of $10.28 to mean target of $9.34, Based on 22 analyst forecasts
Low
$7.07
Median
$9.18
High
$11.55

Price Target Revisions

1 Month
22.93%
3 Months
27.20%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for PTEN. The average price target is 9.34 USD. This implies a price decrease of -9.17% is expected in the next year compared to the current price of 10.28.
The average price target has been revised upward by 27.2% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PTEN Current Analyst RatingPTEN Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

PTEN Historical Analyst RatingsPTEN Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
71.82%
PTEN was analyzed by 22 analysts. The buy percentage consensus is at 72. So analysts seem to be have mildly positive about PTEN.
In the previous month the buy percentage consensus was at a similar level.
PTEN was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-04Goldman SachsMaintains Buy -> Buy
2026-02-09Piper SandlerMaintains Neutral -> Neutral
2026-02-09CitigroupMaintains Neutral -> Neutral
2026-02-06RBC CapitalMaintains Outperform -> Outperform
2026-02-06StifelMaintains Buy -> Buy
2025-12-10JP MorganDowngrade Neutral -> Underweight
2025-10-24RBC CapitalMaintains Outperform -> Outperform
2025-10-13BarclaysDowngrade Overweight -> Equal-Weight
2025-09-03SusquehannaMaintains Positive -> Positive
2025-07-29BarclaysMaintains Overweight -> Overweight
2025-07-25RBC CapitalMaintains Outperform -> Outperform
2025-07-25StifelMaintains Buy -> Buy
2025-07-16StifelMaintains Buy -> Buy
2025-07-15Piper SandlerInitiate Neutral
2025-06-04SusquehannaMaintains Positive -> Positive
2025-05-28JP MorganMaintains Neutral -> Neutral
2025-05-19CitigroupDowngrade Buy -> Neutral
2025-05-16Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-04-28BarclaysMaintains Overweight -> Overweight
2025-04-15StifelMaintains Buy -> Buy
2025-04-14SusquehannaMaintains Positive -> Positive
2025-04-10Goldman SachsMaintains Neutral -> Neutral
2025-03-27Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-01-06StifelMaintains Buy -> Buy
2024-10-31CitigroupMaintains Buy -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 21, 2026
Period
Q1 / 2026
EPS Estimate
-$0.10
Revenue Estimate
1.121B
Revenue Q2Q
-12.46%
EPS Q2Q
N/A
Number of Analysts
18

Next Earnings Revisions

Revenue (1 Month)
-0.62%
Revenue (3 Months)
-1.15%
EPS (1 Month)
3.34%
EPS (3 Months)
15.06%

Next Earnings Summary

PTEN is expected to report earnings on 4/21/2026. The consensus EPS estimate for the next earnings is -0.1 USD and the consensus revenue estimate is 1.12B USD.
The next earnings revenue estimate has been revised downward by 1.15% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2031

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
PTEN revenue by date.PTEN revenue by date.
4.146B
56.61%		5.378B
29.70%		4.827B
-10.25%		4.547B
-5.79%		4.737B
4.18%		4.835B
2.07%		7.417B
53.40%		7.662B
3.30%		7.897B
3.07%
EBITDA
YoY % growth
PTEN ebitda by date.PTEN ebitda by date.
1.181B
72.60%		1.2B
1.61%		900.45M
-24.99%		808.2M
-10.24%		874.3M
8.18%		949M
8.54%		1.72B
81.24%		1.757B
2.15%		1.796B
2.22%
EBIT
YoY % growth
PTEN ebit by date.PTEN ebit by date.
450.031M
124.34%		28.54M
-93.66%		-39.814M
-239.50%		-89.953M
-125.93%		9.56M
110.63%		199.66M
1,988.49%		650.76M
225.93%		665.04M
2.19%		678.3M
1.99%
Operating Margin
PTEN operating margin by date.PTEN operating margin by date.
10.85%0.53%-0.82%-1.98%0.20%4.13%8.77%8.68%8.59%
EPS
YoY % growth
PTEN eps by date.PTEN eps by date.
1.26
77.46%		0.04
-96.83%		-0.25
-725.00%		-0.35
-41.10%		-0.18
48.91%		0.34
290.75%		1.11
223.44%		1.14
2.75%		1.16
1.79%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.10-0.08
35.04%		-0.07
34.14%		-0.09
-332.02%		-0.08
18.94%		-0.04
51.08%		-0.01
90.44%		-0.04
57.70%
Revenue
Q2Q % growth		1.121B
-12.46%		1.129B
-7.41%		1.153B
-1.95%		1.119B
-2.76%		1.136B
1.34%		1.169B
3.54%		1.191B
3.30%		1.143B
2.14%
EBITDA
Q2Q % growth		198.28M
-20.45%		202.83M
-56.35%		209.37M
-69.72%		196.71M
-79.07%		200.69M
1.22%		215.82M
6.40%		226.19M
8.03%		212.57M
8.06%
EBIT
Q2Q % growth		-29.892M
-272.02%		-25.169M
13.20%		-18.091M
35.31%		-22.657M
-9,793.89%		-27.54M
7.87%		-16.32M
35.16%		-7.14M
60.53%		-25.5M
-12.55%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PTEN Yearly Revenue VS EstimatesPTEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B
PTEN Yearly EPS VS EstimatesPTEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 -1 -2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
50.00%
EPS Next 5 Year
45.72%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-0.29%
Revenue Next 5 Year
9.46%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
155.22%
EBIT Next 5 Year
96.20%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PATTERSON-UTI ENERGY INC / PTEN Forecast FAQ

Can you provide the average price target for PATTERSON-UTI ENERGY INC stock?

22 analysts have analysed PTEN and the average price target is 9.34 USD. This implies a price decrease of -9.17% is expected in the next year compared to the current price of 10.28.

When does PATTERSON-UTI ENERGY INC (PTEN) report earnings?

PATTERSON-UTI ENERGY INC (PTEN) will report earnings on 2026-04-21, after the market close.

What are the consensus estimates for PATTERSON-UTI ENERGY INC (PTEN) next earnings?

The consensus EPS estimate for the next earnings of PATTERSON-UTI ENERGY INC (PTEN) is -0.1 USD and the consensus revenue estimate is 1.12B USD.

How do analysts rate PATTERSON-UTI ENERGY INC (PTEN)?

The consensus rating for PATTERSON-UTI ENERGY INC (PTEN) is 71.8182 / 100 . This indicates that analysts generally have a positive outlook on the stock.