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

Analyst price target for PTEN

Based on 6 analysts offering 12 month price targets for Patterson Uti Energy Inc.
Min Forecast
$13.00+26.83%
Avg Forecast
$14.83+44.71%
Max Forecast
$17.00+65.85%

Should I buy or sell PTEN stock?

Based on 6 analysts offering ratings for Patterson Uti Energy Inc.
Strong Buy
Strong Buy
4 analysts 66.67%
Buy
2 analysts 33.33%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PTEN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-11
lockedlocked$00.00+00.00%2024-05-06Find Out Why
lockedlocked$00.00+00.00%2024-05-03
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-02-16
Raymond James
Top 15%
86
Strong BuyMaintains$15.00+46.34%2024-02-16

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Forecast return on equity

Is PTEN forecast to generate an efficient return?
Company
6.66%
Industry
8.65%
Market
63.35%
PTEN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PTEN forecast to generate an efficient return on assets?
Company
4.37%
Industry
4.37%
PTEN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PTEN earnings per share forecast

What is PTEN's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$0.56-11.29%
Avg 2 year Forecast
$0.76+20.63%
Avg 3 year Forecast
$0.79+24.87%
PTEN's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

PTEN revenue forecast

What is PTEN's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$5.9B+20.79%
Avg 2 year Forecast
$6.3B+28.57%
Avg 3 year Forecast
$6.6B+34.93%
PTEN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PTEN earnings growth forecast

How is PTEN forecast to perform vs Oil & Gas Drilling companies and vs the US market?
Company
6.64%
Industry
-0.39%
Market
20.68%
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
PTEN's earnings are forecast to... subscribe to Premium to read more.
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
13.22%
Industry
9.57%
Market
9.96%
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$10.25$14.83+44.71%Strong Buy
SDRL$52.93$71.00+34.14%Strong Buy
RIG$5.30$7.00+32.08%Buy
HP$37.60$44.75+19.02%Buy
BORR$6.58$9.00+36.78%Hold

Patterson Uti Energy Stock Forecast FAQ

Is Patterson Uti Energy Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: PTEN) stock is to Strong Buy PTEN stock.

Out of 6 analysts, 4 (66.67%) are recommending PTEN as a Strong Buy, 2 (33.33%) are recommending PTEN as a Buy, 0 (0%) 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 earnings growth forecast for 2024-2026?

(NASDAQ: PTEN) Patterson Uti Energy's forecast annual earnings growth rate of 6.64% is forecast to beat the US Oil & Gas Drilling industry's average forecast earnings growth rate of -0.39%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.68%.

Patterson Uti Energy's earnings in 2024 is $197,849,000.On average, 9 Wall Street analysts forecast PTEN's earnings for 2024 to be $224,510,906, with the lowest PTEN earnings forecast at $164,697,569, and the highest PTEN earnings forecast at $325,378,124. On average, 9 Wall Street analysts forecast PTEN's earnings for 2025 to be $305,293,055, with the lowest PTEN earnings forecast at $76,323,264, and the highest PTEN earnings forecast at $429,820,485.

In 2026, PTEN is forecast to generate $316,018,482 in earnings, with the lowest earnings forecast at $108,459,375 and the highest earnings forecast at $425,803,471.

What is PTEN's revenue growth forecast for 2024-2026?

(NASDAQ: PTEN) Patterson Uti Energy's forecast annual revenue growth rate of 13.22% is forecast to beat the US Oil & Gas Drilling industry's average forecast revenue growth rate of 9.57%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.96%.

Patterson Uti Energy's revenue in 2024 is $4,865,014,000.On average, 8 Wall Street analysts forecast PTEN's revenue for 2024 to be $2,360,599,009,985, with the lowest PTEN revenue forecast at $2,322,681,612,569, and the highest PTEN revenue forecast at $2,481,711,175,064. On average, 8 Wall Street analysts forecast PTEN's revenue for 2025 to be $2,512,531,714,058, with the lowest PTEN revenue forecast at $2,367,178,075,317, and the highest PTEN revenue forecast at $2,670,510,827,424.

In 2026, PTEN is forecast to generate $2,636,850,661,318 in revenue, with the lowest revenue forecast at $2,593,207,412,317 and the highest revenue forecast at $2,704,534,934,988.

What is PTEN's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: PTEN) forecast ROA is 4.37%, which is higher than the forecast US Oil & Gas Drilling industry average of 4.37%.

What is PTEN's Price Target?

According to 6 Wall Street analysts that have issued a 1 year PTEN price target, the average PTEN price target is $14.83, with the highest PTEN stock price forecast at $17.00 and the lowest PTEN stock price forecast at $13.00.

On average, Wall Street analysts predict that Patterson Uti Energy's share price could reach $14.83 by Jul 11, 2025. The average Patterson Uti Energy stock price prediction forecasts a potential upside of 44.71% from the current PTEN share price of $10.25.

What is PTEN's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: PTEN) Patterson Uti Energy's current Earnings Per Share (EPS) is $0.63. On average, analysts forecast that PTEN's EPS will be $0.56 for 2024, with the lowest EPS forecast at $0.41, and the highest EPS forecast at $0.81. On average, analysts forecast that PTEN's EPS will be $0.76 for 2025, with the lowest EPS forecast at $0.19, and the highest EPS forecast at $1.07. In 2026, PTEN's EPS is forecast to hit $0.79 (min: $0.27, max: $1.06).

What is PTEN's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: PTEN) forecast ROE is 6.66%, which is considered weak.
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