Patterson-UTI Energy Inc (PTEN) Stock Forecast & Price Target
Patterson-UTI Energy Inc · NASDAQ
$12.67+0.25 (+2.01%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 9 firms covering Patterson-UTI Energy Inc, 6 rate it Buy or better, 3 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets span $10.00 to $16.00, a moderate spread. The average target of $13.39 sits 6% above the current $12.67. Sentiment has drifted a little more constructive lately, with Sell ratings easing from 1 to 0 over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.04 next quarter toward $0.29 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS9 ratings
Moderate Buy
Strong Buy00%
Buy667%
Hold333%
Sell00%
Strong Sell00%
Based on 9 analysts giving stock ratings to Patterson-UTI Energy Inc.
As of Sep, 6 of 9 firms rate PTEN a Buy (3 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
PTEN EPS & revenue forecast
EPS · NEXT QUARTER
$0.04
Range $0.02 – $0.06 · 4 analysts · -288% YoY
Next period, 4 analysts expect Patterson-UTI Energy Inc to earn $0.04 a share (range $0.02 – $0.06), versus $-0.02 a year earlier. Full-year consensus is $-0.05, growing to $0.29 the year after.
REVENUE · NEXT QUARTER
$1.3B
Range $1.2B – $1.3B · 4 analysts · +11% YoY
Revenue is expected to reach $1.3B (range $1.2B – $1.3B), +11.0% year-over-year. Full-year consensus is $4.9B, rising to $5.3B next year.
Top analysts covering Patterson-UTI Energy Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on PTEN.
#1
James Rollyson
Raymond James · Rank #14
Hold
No targeton PTEN
Overall win rate
58%
+ Follow
#2
Scott Gruber
Citigroup · Rank #16
Hold
$13.50+6.6% to target
Overall win rate
59%
+ Follow
#3
Keith Mackey
RBC Capital · Rank #124
Buy
$15.00+18.4% to target
Overall win rate
51%
+ Follow
#4
David Anderson
Barclays · Rank #135
Buy
$7.00-44.8% to target
Overall win rate
50%
+ Follow
#5
Stephen Gengaro
Stifel · Rank #174
Buy
$15.00+18.4% to target
Overall win rate
42%
+ Follow
PTEN stock forecast FAQ
What is PTEN's average 12-month price target?+
The 9 analysts with a live target average $13.39 for Patterson-UTI Energy Inc over the next 12 months, ranging from a $16.00 high to a $10.00 low.
Is PTEN stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 9 analyst ratings, 6 are Buy or Strong Buy, 3 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for PTEN?+
The Street-high target is $16.00 (Barclays), and the Street-low is $10.00 (Morgan Stanley). The average of all 9 active targets is $13.39.
How many Wall Street analysts cover PTEN?+
9 analysts have an active rating on Patterson-UTI Energy Inc, and 9 firms carry a live 12-month price target.
Who is the most accurate analyst covering PTEN?+
Among analysts who currently cover PTEN, James Rollyson of Raymond James has the strongest overall Quantellect track record (Rank #14). Their current call is Hold.
What is Patterson-UTI Energy Inc's projected EPS for next quarter?+
The consensus estimate is $0.04 per share (range $0.02 – $0.06) across 4 analysts. Full-year EPS is projected at $-0.05, rising to $0.29 the following year.
How much revenue is Patterson-UTI Energy Inc expected to report next quarter?+
Consensus revenue is $1.3B (range $1.2B – $1.3B). Full-year revenue is projected at $4.9B, growing to $5.3B next year.
Have analysts been upgrading or downgrading PTEN lately?+
As of Sep, 6 of 9 firms rate PTEN a Buy (3 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their PTEN calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
