$11.51
0.17[1.50%]
At close: Apr 19
$11.51
0[0.00%]
After Hours: 4:00PM EDT
Patterson-UTI Energy
(NASDAQ:PTEN)Patterson-UTI Energy Stock (NASDAQ:PTEN), Analyst Ratings, Price Targets, Predictions
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 33.22% upside for Patterson-UTI Energy Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
Susquehanna
Evercore ISI Group
RBC Capital
Raymond James
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Patterson-UTI Energy
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 | $11.51 | 21.63% | B of A Securities | Chase Mulvehill | $14.5 → $14 | Maintains | Buy | Get Alert |
| 04/08/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | Susquehanna | Charles Minervino | $16 → $16 | Maintains | Positive | Get Alert |
| 04/01/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | Susquehanna | Charles Minervino | $16 → $16 | Maintains | Positive | Get Alert |
| 02/20/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 56.39% | Evercore ISI Group | Jason Bandel | $19 → $18 | Maintains | Outperform | Get Alert |
| 02/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | RBC Capital | Keith Mackey | $17 → $16 | Maintains | Outperform | Get Alert |
| 02/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 30.32% | Raymond James | James Rollyson | $16 → $15 | Maintains | Strong Buy | Get Alert |
| 01/16/2024 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | — | Benchmark | Kurt Hallead | — | Downgrade | Buy → Hold | Get Alert |
| 12/19/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 4.26% | Goldman Sachs | Ati Modak | → $12 | Initiates | → Neutral | Get Alert |
| 11/14/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | Barclays | Derek Podhaizer | $18 → $16 | Maintains | Overweight | Get Alert |
| 11/13/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 65.07% | Piper Sandler | Luke Lemoine | $20 → $19 | Maintains | Overweight | Get Alert |
| 11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 47.7% | RBC Capital | Keith Mackey | $19 → $17 | Maintains | Outperform | Get Alert |
| 11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | Susquehanna | Charles Minervino | $18 → $16 | Maintains | Positive | Get Alert |
| 11/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 82.45% | Raymond James | James Rollyson | $23 → $21 | Maintains | Strong Buy | Get Alert |
| 10/17/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 47.7% | Morgan Stanley | Daniel Kutz | $20 → $17 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 10/16/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 39.01% | B of A Securities | Chase Mulvehill | $14 → $16 | Upgrade | Neutral → Buy | Get Alert |
| 10/09/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 56.39% | Citigroup | Scott Gruber | $15 → $18 | Upgrade | Neutral → Buy | Get Alert |
| 10/02/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 99.83% | Raymond James | James Rollyson | $18 → $23 | Maintains | Strong Buy | Get Alert |
| 09/06/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 65.07% | RBC Capital | Keith Mackey | → $19 | Reiterates | Outperform → Outperform | Get Alert |
| 09/06/2023 | PTEN | Buy Now | Patterson-UTI Energy | $11.51 | 56.39% | Susquehanna | Charles Minervino | → $18 | Reiterates | Positive → Positive | Get Alert |
FAQ
What is the target price for Patterson-UTI Energy (PTEN)?
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 21.63% upside). 41 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Patterson-UTI Energy (PTEN)?
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.
When was the last upgrade for Patterson-UTI Energy (PTEN)?
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.
When was the last downgrade for Patterson-UTI Energy (PTEN)?
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.
When is the next analyst rating going to be posted or updated for Patterson-UTI Energy (PTEN)?
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.
Is the Analyst Rating Patterson-UTI Energy (PTEN) correct?
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 $11.51, which is out of the analyst’s predicted range.
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