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Patterson-Uti Energy (PTEN)
NASDAQ:PTEN
Patterson-UTI (PTEN) Stock Forecast & Price Target
379 Followers
See the Price Targets and Ratings of:
PTEN Analyst Ratings
Moderate Buy
7 Buy
3 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
PTEN Stock 12 Month Forecast
Average Price Target
$15.72
▲(31.66% Upside)
| Highest Price Target$18.00 | Average Price Target$15.72 | Lowest Price Target$12.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Bank of America Securities
Reiterated
02/20/24
Stifel Nicolaus
Reiterated
02/16/24
Goldman Sachs
Reiterated
01/11/24
Susquehanna
$16.00
Buy
34.00%
Upside
Reiterated
11/09/23
Patterson-UTI price target lowered to $16 from $18 at SusquehannaPatterson-UTI price target lowered to $16 from $18 at Susquehanna
Morgan Stanley
$17.00
Hold
42.38%
Upside
Downgraded
10/17/23
Patterson-UTI downgraded to Equal Weight from Overweight at Morgan StanleyPatterson-UTI downgraded to Equal Weight from Overweight at Morgan Stanley
Capital One Financial
$14.00
Hold
17.25%
Upside
Initiated
06/28/23
Analysts Conflicted on These NA Names: Exxon Mobil (XOM) and Patterson-UTI (PTEN) - TipRanks.comThe word on The Street in general, suggests a Moderate Buy analyst consensus rating for Patterson-UTI with a $15.90 average price target, a 30.3% upside from current levels. In a report issued on June 28, Capital One Financial also initiated coverage with a Hold rating on the stock with a $14.00 price target.
Raymond James
$18.00
Buy
50.75%
Upside
Reiterated
06/23/23
Barclays Sticks to Their Buy Rating for Patterson-UTI (PTEN) - TipRanks.comIn addition to Barclays, Patterson-UTI also received a Buy from Raymond Jamess James Rollyson in a report issued on June 23. However, on June 28, Capital One Financial initiated coverage with a Hold rating on Patterson-UTI (NASDAQ: PTEN).
Unknown Analyst
Not Ranked
ATB Capital Markets
―
Buy
―
Upgraded
11/17/23
Patterson-UTI (PTEN) upgraded to Outperform from Sector Perform at ATB Capital
Best Analysts Covering Patterson-UTI
Which Analyst Should I Follow If I Want to Buy PTEN and Sell After:
1 Month
3 Months
1 Year
Success Rate
7/11 ratings generated profit
Average Return
+13.11%
reiterated a buy rating 3 months ago
Copying Scott Gruber's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +13.11% per trade.
2 Years
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
PTEN Analyst Recommendation Trends
Rating
Nov 23
Dec 23
Jan 24
Feb 24
Mar 24
Strong Buy
1
1
4
4
4
Buy
14
11
8
5
6
Hold
1
2
3
5
4
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
16
14
15
14
14
Each month's total comprises the sum of three months' worth of ratings.
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PTEN Financial Forecast
PTEN Stock Forecast FAQ
What is PTEN’s average 12-month price target, according to analysts?
Based on analyst ratings, Patterson-Uti Energy’s 12-month average price target is $15.72.
What is PTEN’s upside potential, based on the analysts’ average price target?
Patterson-Uti Energy has 31.66% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is PTEN a Buy, Sell or Hold?
Patterson-Uti Energy has a conensus rating of Moderate Buy which is based on 7 buy ratings, 3 hold ratings and 0 sell ratings.
What is Patterson-Uti Energy’s price target?
The average price target for Patterson-Uti Energy is $15.72. This is based on 10 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $18.00 ,the lowest forecast is $12.00. The average price target represents 31.66% Increase from the current price of $11.94.
The highest analyst price target is $18.00 ,the lowest forecast is $12.00. The average price target represents 31.66% Increase from the current price of $11.94.
What do analysts say about Patterson-Uti Energy?
Patterson-Uti Energy’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.
How can I buy shares of PTEN?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.