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$5.69
At close: May 22 EDT
$5.70
0.010000.18%
Pre-Market: 7:42 PM EDT
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Patterson-UTI Energy Analyst Ratings and Price Targets | NASDAQ:PTEN | Benzinga
Patterson-UTI Energy Inc has a consensus price target of $12.69 based on the ratings of 18 analysts. The high is $22.75 issued by Piper Sandler on June 1, 2022. The low is $6.5 issued by Citigroup on May 19, 2025. The 3 most-recent analyst ratings were released by Citigroup, Morgan Stanley, and Barclays on May 19, 2025, May 16, 2025, and April 28, 2025, respectively. With an average price target of $7.17 between Citigroup, Morgan Stanley, and Barclays, there's an implied 25.73% upside for Patterson-UTI Energy Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Morgan Stanley
Barclays
Stifel
Susquehanna
1calculated from analyst ratings
Analyst Ratings for Patterson-UTI Energy
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/19/2025 | Buy Now | 14.04% | Citigroup | Scott Gruber60% | → $6.5 | Downgrade | Buy → Neutral | Get Alert |
| 05/16/2025 | Buy Now | 22.81% | Morgan Stanley | Daniel Kutz45% | $9 → $7 | Maintains | Equal-Weight | Get Alert |
| 04/28/2025 | Buy Now | 40.35% | Barclays | David Anderson59% | $11 → $8 | Maintains | Overweight | Get Alert |
| 04/15/2025 | Buy Now | 110.53% | Stifel | Stephen Gengaro52% | $13 → $12 | Maintains | Buy | Get Alert |
| 04/14/2025 | Buy Now | 57.89% | Susquehanna | Charles Minervino61% | $10 → $9 | Maintains | Positive | Get Alert |
| 04/10/2025 | Buy Now | 40.35% | Goldman Sachs | Ati Modak68% | $11 → $8 | Maintains | Neutral | Get Alert |
| 03/27/2025 | Buy Now | 57.89% | Morgan Stanley | Daniel Kutz45% | $10 → $9 | Maintains | Equal-Weight | Get Alert |
| 01/06/2025 | Buy Now | 128.07% | Stifel | Stephen Gengaro52% | $14 → $13 | Maintains | Buy | Get Alert |
| 10/31/2024 | Buy Now | 75.44% | Citigroup | Scott Gruber60% | $11 → $10 | Maintains | Buy | Get Alert |
| 10/25/2024 | Buy Now | 92.98% | RBC Capital | Keith Mackey45% | $12 → $11 | Maintains | Outperform | Get Alert |
| 10/25/2024 | Buy Now | 92.98% | Raymond James | James Rollyson50% | $12 → $11 | Maintains | Strong Buy | Get Alert |
| 10/16/2024 | Buy Now | 110.53% | Barclays | David Anderson59% | $14 → $12 | Maintains | Overweight | Get Alert |
| 10/11/2024 | Buy Now | 145.61% | Stifel | Stephen Gengaro52% | $15 → $14 | Maintains | Buy | Get Alert |
| 10/11/2024 | Buy Now | 75.44% | Susquehanna | Charles Minervino61% | $13 → $10 | Maintains | Positive | Get Alert |
| 09/16/2024 | Buy Now | 75.44% | Morgan Stanley | Daniel Kutz45% | $12 → $10 | Maintains | Equal-Weight | Get Alert |
| 09/13/2024 | Buy Now | 92.98% | Citigroup | Scott Gruber60% | $12.5 → $11 | Maintains | Buy | Get Alert |
| 09/04/2024 | Buy Now | 92.98% | ATB Capital | Waqar Syed27% | $12 → $11 | Maintains | Outperform | Get Alert |
| 08/16/2024 | Buy Now | 145.61% | Barclays | Derek Podhaizer37% | $15 → $14 | Maintains | Overweight | Get Alert |
| 07/26/2024 | Buy Now | 145.61% | RBC Capital | Keith Mackey45% | $15 → $14 | Maintains | Outperform | Get Alert |
| 07/16/2024 | Buy Now | 180.7% | Stifel | Stephen Gengaro52% | $19 → $16 | Maintains | Buy | Get Alert |
| 07/15/2024 | Buy Now | 119.3% | B of A Securities | Chase Mulvehill49% | $14 → $12.5 | Maintains | Buy | Get Alert |
| 07/15/2024 | Buy Now | 110.53% | Piper Sandler | Luke Lemoine48% | $14 → $12 | Maintains | Overweight | Get Alert |
| 07/11/2024 | Buy Now | 128.07% | Susquehanna | Charles Minervino61% | $14 → $13 | Maintains | Positive | Get Alert |
| 05/06/2024 | Buy Now | 145.61% | Piper Sandler | Luke Lemoine48% | $17 → $14 | Maintains | Overweight | Get Alert |
| 05/06/2024 | Buy Now | — | Benchmark | Kurt Hallead37% | — | Reiterates | → Hold | Get Alert |
| 05/03/2024 | Buy Now | 198.25% | Evercore ISI Group | Jason Bandel26% | $18 → $17 | Maintains | Outperform | Get Alert |
| 04/15/2024 | Buy Now | 145.61% | B of A Securities | Chase Mulvehill49% | $14.5 → $14 | Maintains | Buy | Get Alert |
| 04/08/2024 | Buy Now | 180.7% | Susquehanna | Charles Minervino61% | $16 → $16 | Maintains | Positive | Get Alert |
| 04/01/2024 | Buy Now | 180.7% | Susquehanna | Charles Minervino61% | $16 → $16 | Maintains | Positive | Get Alert |
| 02/20/2024 | Buy Now | 215.79% | Evercore ISI Group | Jason Bandel26% | $19 → $18 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 180.7% | RBC Capital | Keith Mackey45% | $17 → $16 | Maintains | Outperform | Get Alert |
| 02/16/2024 | Buy Now | 163.16% | Raymond James | James Rollyson50% | $16 → $15 | Maintains | Strong Buy | Get Alert |
| 01/16/2024 | Buy Now | — | Benchmark | Kurt Hallead37% | — | Downgrade | Buy → Hold | Get Alert |
| 12/19/2023 | Buy Now | 110.53% | Goldman Sachs | Ati Modak68% | → $12 | Initiates | → Neutral | Get Alert |
| 11/14/2023 | Buy Now | 180.7% | Barclays | Derek Podhaizer37% | $18 → $16 | Maintains | Overweight | Get Alert |
| 11/13/2023 | Buy Now | 233.33% | Piper Sandler | Luke Lemoine48% | $20 → $19 | Maintains | Overweight | Get Alert |
| 11/09/2023 | Buy Now | 198.25% | RBC Capital | Keith Mackey45% | $19 → $17 | Maintains | Outperform | Get Alert |
| 11/09/2023 | Buy Now | 180.7% | Susquehanna | Charles Minervino61% | $18 → $16 | Maintains | Positive | Get Alert |
| 11/09/2023 | Buy Now | 268.42% | Raymond James | James Rollyson50% | $23 → $21 | Maintains | Strong Buy | Get Alert |
| 10/17/2023 | Buy Now | 198.25% | Morgan Stanley | Daniel Kutz45% | $20 → $17 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 10/16/2023 | Buy Now | 180.7% | B of A Securities | Chase Mulvehill49% | $14 → $16 | Upgrade | Neutral → Buy | Get Alert |
| 10/09/2023 | Buy Now | 215.79% | Citigroup | Scott Gruber60% | $15 → $18 | Upgrade | Neutral → Buy | Get Alert |
| 10/02/2023 | Buy Now | 303.51% | Raymond James | James Rollyson50% | $18 → $23 | Maintains | Strong Buy | Get Alert |
| 09/06/2023 | Buy Now | 233.33% | RBC Capital | Keith Mackey45% | → $19 | Reiterates | Outperform → Outperform | Get Alert |
| 09/06/2023 | Buy Now | 215.79% | Susquehanna | Charles Minervino61% | → $18 | Reiterates | Positive → Positive | Get Alert |
| 09/05/2023 | Buy Now | 233.33% | Stifel | Stephen Gengaro52% | → $19 | Initiates | → Buy | Get Alert |
| 08/01/2023 | Buy Now | 250.88% | Morgan Stanley | Connor Lynagh57% | $20 → $20 | Reiterates | Overweight → Overweight | Get Alert |
| 07/31/2023 | Buy Now | 233.33% | Piper Sandler | Luke Lemoine48% | $17 → $19 | Maintains | Overweight | Get Alert |
| 07/31/2023 | Buy Now | 233.33% | RBC Capital | Keith Mackey45% | → $19 | Reiterates | Outperform → Outperform | Get Alert |
| 07/31/2023 | Buy Now | 250.88% | Morgan Stanley | Connor Lynagh57% | $20 → $20 | Reiterates | Overweight → Overweight | Get Alert |
| 07/31/2023 | Buy Now | 285.96% | Benchmark | Kurt Hallead37% | → $22 | Reiterates | Buy → Buy | Get Alert |
| 07/27/2023 | Buy Now | 285.96% | Benchmark | Kurt Hallead37% | → $22 | Reiterates | Buy → Buy | Get Alert |
| 07/19/2023 | Buy Now | — | Benchmark | Kurt Hallead37% | — | Upgrade | Hold → Buy | Get Alert |
| 07/18/2023 | Buy Now | 163.16% | Citigroup | Scott Gruber60% | $13 → $15 | Maintains | Neutral | Get Alert |
| 07/17/2023 | Buy Now | 250.88% | Morgan Stanley | Connor Lynagh57% | $19 → $20 | Maintains | Overweight | Get Alert |
| 07/10/2023 | Buy Now | 233.33% | RBC Capital | Keith Mackey45% | → $19 | Upgrade | Sector Perform → Outperform | Get Alert |
| 06/28/2023 | Buy Now | 145.61% | Capital One | Doug Becker70% | → $14 | Initiates | → Equal-Weight | Get Alert |
| 06/23/2023 | Buy Now | 215.79% | Raymond James | James Rollyson50% | $22 → $18 | Maintains | Strong Buy | Get Alert |
| 06/20/2023 | Buy Now | 233.33% | Morgan Stanley | Connor Lynagh57% | $18 → $19 | Maintains | Overweight | Get Alert |
| 06/16/2023 | Buy Now | 128.07% | Citigroup | Scott Gruber60% | $12 → $13 | Maintains | Neutral | Get Alert |
| 06/16/2023 | Buy Now | 233.33% | RBC Capital | Keith Mackey45% | $18 → $19 | Maintains | Sector Perform | Get Alert |
| 06/08/2023 | Buy Now | 180.7% | Barclays | David Anderson59% | $19 → $16 | Maintains | Overweight | Get Alert |
| 06/02/2023 | Buy Now | 128.07% | Susquehanna | Charles Minervino61% | $15 → $13 | Maintains | Positive | Get Alert |
| 05/19/2023 | Buy Now | 110.53% | Citigroup | Scott Gruber60% | $14 → $12 | Maintains | Neutral | Get Alert |
| 05/09/2023 | Buy Now | 233.33% | Barclays | David Anderson59% | $26 → $19 | Maintains | Overweight | Get Alert |
| 05/01/2023 | Buy Now | 233.33% | Piper Sandler | Luke Lemoine48% | $24 → $19 | Maintains | Overweight | Get Alert |
| 04/28/2023 | Buy Now | 285.96% | Raymond James | James Rollyson50% | $24 → $22 | Maintains | Strong Buy | Get Alert |
| 04/18/2023 | Buy Now | 215.79% | Morgan Stanley | Connor Lynagh57% | $20 → $18 | Maintains | Overweight | Get Alert |
| 04/03/2023 | Buy Now | 215.79% | Susquehanna | Charles Minervino61% | $24 → $18 | Maintains | Positive | Get Alert |
| 03/14/2023 | Buy Now | 321.05% | Susquehanna | Charles Minervino61% | → $24 | Reiterates | → Positive | Get Alert |
| 02/22/2023 | Buy Now | 180.7% | Citigroup | Scott Gruber60% | $18 → $16 | Maintains | Neutral | Get Alert |
| 02/13/2023 | Buy Now | 250.88% | Morgan Stanley | Connor Lynagh57% | $22 → $20 | Maintains | Overweight | Get Alert |
| 02/10/2023 | Buy Now | 303.51% | RBC Capital | Keith Mackey45% | $24 → $23 | Maintains | Sector Perform | Get Alert |
| 02/10/2023 | Buy Now | 321.05% | Susquehanna | Charles Minervino61% | $26 → $24 | Maintains | Positive | Get Alert |
| 01/19/2023 | Buy Now | — | Benchmark | Kurt Hallead37% | — | Initiates | → Hold | Get Alert |
| 01/17/2023 | Buy Now | — | Citigroup | Scott Gruber60% | — | Downgrade | Buy → Neutral | Get Alert |
| 11/01/2022 | Buy Now | 285.96% | Morgan Stanley | Connor Lynagh57% | $21 → $22 | Maintains | Overweight | Get Alert |
| 10/28/2022 | Buy Now | 356.14% | Barclays | David Anderson59% | $24 → $26 | Maintains | Overweight | Get Alert |
| 09/26/2022 | Buy Now | 268.42% | Morgan Stanley | Connor Lynagh57% | $19 → $21 | Maintains | Overweight | Get Alert |
| 08/01/2022 | Buy Now | 233.33% | Morgan Stanley | Connor Lynagh57% | $18 → $19 | Maintains | Overweight | Get Alert |
| 08/01/2022 | Buy Now | 321.05% | Barclays | David Anderson59% | $20 → $24 | Maintains | Overweight | Get Alert |
| 07/15/2022 | Buy Now | 136.84% | B of A Securities | Chase Mulvehill49% | → $13.5 | Downgrade | Buy → Neutral | Get Alert |
| 07/13/2022 | Buy Now | 215.79% | Morgan Stanley | Connor Lynagh57% | $20 → $18 | Maintains | Overweight | Get Alert |
| 07/06/2022 | Buy Now | 268.42% | Citigroup | Scott Gruber60% | $17 → $21 | Maintains | Buy | Get Alert |
| 06/08/2022 | Buy Now | 303.51% | Susquehanna | Charles Minervino61% | $20 → $23 | Maintains | Positive | Get Alert |
| 06/01/2022 | Buy Now | 299.12% | Piper Sandler | Ian Macpherson60% | → $22.75 | Downgrade | Overweight → Neutral | Get Alert |
| 05/26/2022 | Buy Now | 250.88% | JP Morgan | Arun Jayaram62% | → $20 | Upgrade | Underweight → Neutral | Get Alert |
FAQ
What is the target price for Patterson-UTI Energy (PTEN) stock?
The latest price target for Patterson-UTI Energy (NASDAQ:PTEN) was reported by Citigroup on May 19, 2025. The analyst firm set a price target for $6.50 expecting PTEN to rise to within 12 months (a possible 14.04% upside). 23 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 Citigroup, and Patterson-UTI Energy downgraded their neutral 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 May 19, 2025 when Citigroup changed their price target from N/A to $6.5 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 May 19, 2025 so you should expect the next rating to be made available sometime around May 19, 2026.
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 downgraded with a price target of $0.00 to $6.50. The current price Patterson-UTI Energy (PTEN) is trading at is $5.70, which is within the analyst’s predicted range.
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