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NASDAQ: PTEN
Patterson Uti Energy Inc Stock Forecast, Predictions & Price Target

Analyst price target for PTEN

Based on 10 analysts offering 12 month price targets for Patterson Uti Energy Inc.
Min Forecast
$14.00-7.47%
Avg Forecast
$18.00+18.97%
Max Forecast
$22.00+45.41%

Should I buy or sell PTEN stock?

Based on 10 analysts offering ratings for Patterson Uti Energy Inc.
Strong Buy
Strong Buy
7 analysts 70%
Buy
1 analysts 10%
Hold
2 analysts 20%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PTEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
RBC Capital
Top 7%
94
BuyReiterates$19.00+25.58%2023-09-06
Susquehanna
Top 10%
91
Strong BuyReiterates$18.00+18.97%2023-09-06
Stifel Nicolaus
Top 16%
85
Strong BuyInitiates Coverage On$19.00+25.58%2023-09-05
Morgan Stanley
Top 25%
76
Strong BuyReiterates$20.00+32.19%2023-08-01
Piper Sandler
Top 8%
93
Strong BuyMaintains$19.00+25.58%2023-07-31Find out why
Benchmark
Top 7%
94
Strong BuyReiterates$22.00+45.41%2023-07-31
Citigroup
Top 6%
95
HoldMaintains$15.00-0.86%2023-07-18
Capital One Financial
Top 17%
84
HoldInitiates Coverage On$14.00-7.47%2023-06-28
Raymond James
Top 18%
83
Strong BuyMaintains$18.00+18.97%2023-06-23
Barclays
Top 7%
94
Strong BuyMaintains$16.00+5.75%2023-06-08

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Forecast return on equity

Is PTEN forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
28.73%

Forecast return on assets

Is PTEN forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

PTEN earnings growth forecast

How is PTEN forecast to perform vs Oil & Gas Drilling companies and vs the US market?
Company
12%
Industry
11.52%
Market
20.18%
PTEN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PTEN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

PTEN revenue growth forecast

How is PTEN forecast to perform vs Oil & Gas Drilling companies and vs the US market?
Company
4.5%
Industry
3.17%
Market
8.12%
PTEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PTEN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PTEN vs Oil & Gas Drilling Stocks

TickerPricePrice TargetUp/downsideConsensus
PTEN$15.13$18.00+18.97%Strong Buy
SDRL$46.38$60.00+29.37%Buy
HP$44.61$43.00-3.61%Buy
BORR$7.24N/AN/A
DO$14.92$20.00+34.05%Strong Buy

Patterson Uti Energy Stock Forecast FAQ

Is Patterson Uti Energy Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: PTEN) stock is to Strong Buy PTEN stock.

Out of 10 analysts, 7 (70%) are recommending PTEN as a Strong Buy, 1 (10%) are recommending PTEN as a Buy, 2 (20%) are recommending PTEN as a Hold, 0 (0%) are recommending PTEN as a Sell, and 0 (0%) are recommending PTEN as a Strong Sell.

If you're new to stock investing, here's how to buy Patterson Uti Energy stock.

What is PTEN's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: PTEN) forecast ROE is N/A, which is considered weak.

What is PTEN's Price Target?

According to 10 Wall Street analysts that have issued a 1 year PTEN price target, the average PTEN price target is $18.00, with the highest PTEN stock price forecast at $22.00 and the lowest PTEN stock price forecast at $14.00.

On average, Wall Street analysts predict that Patterson Uti Energy's share price could reach $18.00 by Sep 6, 2024. The average Patterson Uti Energy stock price prediction forecasts a potential upside of 18.97% from the current PTEN share price of $15.13.

What is PTEN's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: PTEN) forecast ROA is N/A, which is lower than the forecast US Oil & Gas Drilling industry average of N/A.
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