The latest price target for Patterson-UTI Energy (NASDAQ:PTEN) was reported by Goldman Sachs on June 4, 2026. The analyst firm set a price target for $13.00 expecting PTEN to rise to within 12 months (a possible 13.14% upside). 30 analyst firms have reported ratings in the last year.

The latest analyst rating for Patterson-UTI Energy (NASDAQ:PTEN) was provided by Goldman Sachs, and Patterson-UTI Energy maintained their buy rating.

The last upgrade for Patterson-UTI Energy Inc happened on May 8, 2026 when Barclays raised their price target to $15. Barclays previously had an equal-weight for Patterson-UTI Energy Inc.

The last downgrade for Patterson-UTI Energy Inc happened on December 10, 2025 when JP Morgan changed their price target from $7 to $6 for Patterson-UTI Energy Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Patterson-UTI Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Patterson-UTI Energy was filed on June 4, 2026 so you should expect the next rating to be made available sometime around June 4, 2027.

While ratings are subjective and will change, the latest Patterson-UTI Energy (PTEN) rating was a maintained with a price target of $11.00 to $13.00. The current price Patterson-UTI Energy (PTEN) is trading at is $11.49, which is within the analyst’s predicted range.