
Patterson-UTI Energy (PTEN) Stock Forecast & Price Target
Patterson-UTI Energy (PTEN) Analyst Ratings
Bulls say
Patterson-UTI Energy's recent merger with NexTier has significantly enhanced its position in the North American market for drilling and completions services, now commanding nearly 20% market share. The company has demonstrated resilience with a record revenue per U.S. rig of $88.4 million in 2Q25, surpassing expectations and reflecting strong demand for its Tier 1 Super-spec drilling rigs. Additionally, management's commitment to returning at least 50% of free cash flow to investors through dividends and buybacks underscores a positive outlook for shareholder value enhancement amidst favorable market conditions.
Bears say
Patterson-UTI Energy reported a significant decline in year-over-year adjusted EBITDA by 39.4%, indicating substantial operational challenges despite slightly beating quarterly estimates. The company's sequential decrease in segment adjusted EBITDA by 6.7% and lower Completion Services revenue further highlights the pressures from pricing and demand fluctuations within its key market segments. Additionally, weaker working capital performance leading to free cash flow of only $71 million, below expectations, signals ongoing financial strain impacting the firm's ability to capitalize on its expanded market presence post-merger with NexTier.
This aggregate rating is based on analysts' research of Patterson-UTI Energy and is not a guaranteed prediction by Public.com or investment advice.
Patterson-UTI Energy (PTEN) Analyst Forecast & Price Prediction
Start investing in Patterson-UTI Energy (PTEN)
Order type
Buy in
Order amount
Est. shares
0 shares