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Patterson-UTI Energy (PTEN) Stock Forecast & Price Target

Patterson-UTI Energy (PTEN) Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 20%
Buy 20%
Hold 60%
Sell 0%
Strong Sell 0%

Bulls say

Patterson-UTI Energy Inc has significantly expanded its market presence following its merger with NexTier, now controlling nearly 20% of the North American drilling and completions services market, which strengthens its competitive position. The firm exhibits a strong demand for its Tier 1 Super-spec drilling rigs, supported by an efficient asset base, positioning it for above-market growth relative to U.S. trends. Furthermore, management expects to return at least 50% of free cash flow to shareholders through dividends and buybacks, reflecting a commitment to shareholder value amidst promising market dynamics.

Bears say

Patterson-UTI Energy reported a significant downturn in financial performance, with adjusted EBITDA of $231.2 million representing an 8.0% decrease from the previous quarter and a notable decline compared to year-over-year results. The drilling services segment experienced a 39.4% drop in adjusted EBITDA, coupled with weak completion services revenue of $719.3 million, which fell short of estimates and marked a 10.7% year-over-year contraction. Furthermore, the overall decrease in drilling day rates for high-spec rigs signifies potential challenges ahead in maintaining revenue momentum within the competitive landscape.

Patterson-UTI Energy (PTEN) has been analyzed by 10 analysts, with a consensus rating of Buy. 20% of analysts recommend a Strong Buy, 20% recommend Buy, 60% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Patterson-UTI Energy and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Patterson-UTI Energy (PTEN) Forecast

Analysts have given Patterson-UTI Energy (PTEN) a Buy based on their latest research and market trends.

According to 10 analysts, Patterson-UTI Energy (PTEN) has a Buy consensus rating as of Oct 15, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $7.80, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.80, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Patterson-UTI Energy (PTEN)


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