Patterson-UTI Energy Inc has a consensus price target of $15.51, established from looking at the 82 latest analyst ratings. The last 3 analyst ratings were released from B of A Securities, Susquehanna, and Susquehanna on April 15, 2024, April 8, 2024, and April 1, 2024. With an average price target of $15.33 between B of A Securities, Susquehanna, and Susquehanna, there's an implied 32.99% upside for Patterson-UTI Energy Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
04/15/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 21.42% | B of A Securities | Chase Mulvehill | $14.5 → $14 | Maintains | Buy | Get Alert |
04/08/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | Susquehanna | Charles Minervino | $16 → $16 | Maintains | Positive | Get Alert |
04/01/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | Susquehanna | Charles Minervino | $16 → $16 | Maintains | Positive | Get Alert |
02/20/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 56.11% | Evercore ISI Group | Jason Bandel | $19 → $18 | Maintains | Outperform | Get Alert |
02/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | RBC Capital | Keith Mackey | $17 → $16 | Maintains | Outperform | Get Alert |
02/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 30.1% | Raymond James | James Rollyson | $16 → $15 | Maintains | Strong Buy | Get Alert |
01/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | — | Benchmark | Kurt Hallead | — | Downgrade | Buy → Hold | Get Alert |
12/19/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 4.08% | Goldman Sachs | Ati Modak | → $12 | Initiates | → Neutral | Get Alert |
11/14/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | Barclays | Derek Podhaizer | $18 → $16 | Maintains | Overweight | Get Alert |
11/13/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 64.79% | Piper Sandler | Luke Lemoine | $20 → $19 | Maintains | Overweight | Get Alert |
11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 47.44% | RBC Capital | Keith Mackey | $19 → $17 | Maintains | Outperform | Get Alert |
11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | Susquehanna | Charles Minervino | $18 → $16 | Maintains | Positive | Get Alert |
11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 82.13% | Raymond James | James Rollyson | $23 → $21 | Maintains | Strong Buy | Get Alert |
10/17/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 47.44% | Morgan Stanley | Daniel Kutz | $20 → $17 | Downgrade | Overweight → Equal-Weight | Get Alert |
10/16/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 38.77% | B of A Securities | Chase Mulvehill | $14 → $16 | Upgrade | Neutral → Buy | Get Alert |
10/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 56.11% | Citigroup | Scott Gruber | $15 → $18 | Upgrade | Neutral → Buy | Get Alert |
10/02/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 99.48% | Raymond James | James Rollyson | $18 → $23 | Maintains | Strong Buy | Get Alert |
09/06/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 64.79% | RBC Capital | Keith Mackey | → $19 | Reiterates | Outperform → Outperform | Get Alert |
09/06/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.53 | 56.11% | Susquehanna | Charles Minervino | → $18 | Reiterates | Positive → Positive | Get Alert |
The latest price target for Patterson-UTI Energy (NASDAQ: PTEN) was reported by B of A Securities on April 15, 2024. The analyst firm set a price target for $14.00 expecting PTEN to rise to within 12 months (a possible 21.42% upside). 41 analyst firms have reported ratings in the last year.
The latest analyst rating for Patterson-UTI Energy (NASDAQ: PTEN) was provided by B of A Securities, and Patterson-UTI Energy maintained their buy rating.
The last upgrade for Patterson-UTI Energy Inc happened on October 16, 2023 when B of A Securities raised their price target to $16. B of A Securities previously had a neutral for Patterson-UTI Energy Inc.
The last downgrade for Patterson-UTI Energy Inc happened on January 16, 2024 when Benchmark changed their price target from N/A to N/A 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 April 15, 2024 so you should expect the next rating to be made available sometime around April 15, 2025.
While ratings are subjective and will change, the latest Patterson-UTI Energy (PTEN) rating was a maintained with a price target of $14.50 to $14.00. The current price Patterson-UTI Energy (PTEN) is trading at is $11.53, which is out of the analyst’s predicted range.
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