Patterson-UTI Energy Inc (PTEN) Stock Forecast & Predictions

Patterson-UTI Energy Inc PTEN: $10.31

, , , . | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NASDAQ | Web: www.patenergy.com

  • Market Cap$2.22B
  • Change (52 Weeks)58.07%
  • Low (52 Weeks)$5.6
  • Patterson-UTI Energy Inc (PTEN) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Patterson-UTI Energy Inc (PTEN) is based on 20 Institutional Analyst Ratings where 50.00% are on Strong Buy, 25.00% on Moderate Buy, 20.00% remains on Hold, 0.00% are on Moderate Sell and 5.00% are on Strong Sell.

    Out of 20 Institutional Analysts, majority recommended PTEN stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Patterson-UTI Energy Inc.

    Patterson-UTI Energy Inc (PTEN) Stock Price Prediction By Analysts


    HighLowAverage
    $13.65$9.09$11.55
    $11.5512.06% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for PTEN set by the institutional analysts is $11.55 where High Estimate is $13.65, Median $11.475 and Low $9.09.

    The average price target for PTEN by Institutional Analysts is $11.55, which is 12.06% Upside from the current price. So according to the Institutional Analysts, PTEN Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Patterson-UTI Energy Inc (PTEN) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Piper SandlerOverweightUpgraded
    CitigroupBuyUpgraded
    Morgan StanleyOverweightUpgraded
    B of A SecuritiesBuyUpgraded
    RBC CapitalSector PerformMaintained
    BarclaysOverweightMaintained
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Evercore ISI GroupOutperformUpgraded
    BarclaysOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseUnderperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Piper SandlerNeutralMaintained
    CitigroupNeutralMaintained
    RBC CapitalOutperformMaintained
    Credit SuisseUnderperformMaintained
    CFRASellReiterated
    Cowen & Co.Market PerformDowngraded
    Piper SandlerNeutralMaintained
    BernsteinMarket PerformUpgraded
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightDowngraded
    Raymond JamesMarket PerformDowngraded
    B of A SecuritiesUnderperformDowngraded
    Morgan StanleyOverweightMaintained
    CFRASellReiterated
    BernsteinUnderperformInitiated
    H.C. WainwrightBuyMaintained
    JP MorganUnderweightDowngraded
    Credit SuisseUnderperformDowngraded
    Deutsche BankSellInitiated
    Bank of AmericaNeutralDowngraded
    Morgan StanleyOverweightMaintained
    CitiNeutralDowngraded
    BarclaysEqual-WeightInitiated
    CitigroupBuyMaintained
    Wells FargoUnderperformDowngraded
    ScotiabankSector PerformDowngraded
    JefferiesHoldDowngraded
    Piper JaffrayOverweightMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyOverweightMaintained
    Wells FargoMarket PerformDowngraded
    CitigroupBuyMaintained
    Goldman SachsNeutralInitiated
    JP MorganNeutralDowngraded
    Societe GeneraleBuyUpgraded
    Credit SuisseNeutralDowngraded
    Raymond JamesStrong BuyMaintained
    BernsteinOutperformInitiated
    CitigroupBuyMaintained
    Seaport GlobalBuyUpgraded
    Credit SuisseOutperformUpgraded
    GuggenheimNeutralDowngraded
    CitigroupBuyMaintained
    Societe GeneraleHoldDowngraded
    BMO CapitalOutperformUpgraded
    BMO CapitalMarket PerformMaintained
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    Stephens & Co.OverweightInitiated
    Credit SuisseNeutralMaintained
    Deutsche BankBuyInitiated
    CitigroupBuyMaintained
    Credit SuisseNeutralMaintained
    JP MorganOverweightUpgraded
    Societe GeneraleBuyInitiated
    CitigroupBuyUpgraded
    Seaport GlobalNeutralDowngraded
    NomuraBuyUpgraded
    GuggenheimBuyUpgraded
    Cowen & Co.Market PerformDowngraded
    SunTrust Robinson HumphreyBuyInitiated
    KeyBancOverweightUpgraded
    Credit SuisseNeutralUpgraded
    Goldman SachsNeutralDowngraded
    JP MorganNeutralUpgraded
    CitigroupNeutralMaintained
    Gabelli & Co.BuyUpgraded
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralMaintained
    JefferiesBuyUpgraded
    Scotia Howard WeilOverweightUpgraded
    Credit SuisseUnderperformDowngraded
    GMP SecuritiesHoldDowngraded
    WunderlichHoldDowngraded
    Morgan StanleyOverweightMaintained
    Stephens & Co.UnderweightMaintained
    JP MorganUnderweightDowngraded
    NomuraNeutralInitiated
    Scotia Howard WeilSector PerformDowngraded
    CitigroupNeutralDowngraded
    BMO CapitalMarket PerformDowngraded
    SusquehannaPositiveMaintained
    Stephens & Co.UnderweightDowngraded
    MacquarieNeutralMaintained
    Seaport GlobalNeutralDowngraded
    Scotia Howard WeilNeutralDowngraded
    Wells FargoOutperformUpgraded
    MacquarieNeutralInitiated
    GMP SecuritiesBuyInitiated
    Credit SuisseNeutralInitiated
    KLR GroupBuyInitiated
    CitigroupBuyUpgraded
    GuggenheimBuyUpgraded
    CitigroupNeutralMaintained
    Credit SuisseNeutralMaintained
    Wells FargoMarket PerformDowngraded
    SunTrust Robinson HumphreyNeutralMaintained
    Seaport GlobalAccumulateDowngraded
    Morgan StanleyOverweightUpgraded
    WunderlichBuyUpgraded
    CitigroupNeutralMaintained
    JP MorganNeutralInitiated
    CLSAUnderperformDowngraded
    CitigroupNeutralDowngraded
    Seaport GlobalBuyUpgraded
    Goldman SachsBuyUpgraded
    BMO CapitalOutperformMaintained
    RBC CapitalOutperformMaintained
    JefferiesHoldUpgraded
    Cowen & Co.OutperformUpgraded
    Wells FargoOutperformUpgraded
    CitigroupBuyMaintained
    Scotia Howard WeilSector PerformDowngraded
    BMO CapitalOutperformInitiated
    WunderlichHoldMaintained
    JefferiesUnderperformDowngraded
    CitigroupBuyMaintained
    Seaport GlobalAccumulateDowngraded
    CitigroupBuyMaintained
    Stephens & Co.Equal-WeightDowngraded
    Raymond JamesStrong BuyUpgraded
    SunTrust Robinson HumphreyNeutralInitiated
    JefferiesHoldMaintained
    CitigroupBuyMaintained
    Wells FargoMarket PerformDowngraded
    Goldman SachsNeutralDowngraded
    WunderlichHoldMaintained
    CitigroupBuyInitiated
    Morgan StanleyEqual-weightUpgraded
    Wells FargoOutperformInitiated
    Capital One FinancialOverweightUpgraded
    GMP SecuritiesBuyInitiated
    KeyBancHoldInitiated
    Raymond JamesOutperformUpgraded
    JefferiesHoldMaintained
    Credit SuisseNeutralMaintained
    GuggenheimNeutralUpgraded
    UBSNeutralMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Stephens & Co.OverweightUpgraded
    CitigroupBuyMaintained
    Goldman SachsBuyUpgraded
    WunderlichHoldMaintained
    Seaport GlobalBuyUpgraded
    Raymond JamesOutperformInitiated
    GuggenheimSellDowngraded
    CitigroupBuyMaintained
    RBC CapitalOutperformUpgraded
    GuggenheimNeutralDowngraded
    GuggenheimNeutralDowngraded
    Goldman SachsNeutralUpgraded
    Deutsche BankBuyMaintained
    WunderlichHoldDowngraded
    Cowen & Co.Market PerformDowngraded
    CitigroupBuyMaintained
    WunderlichBuyMaintained
    JefferiesHoldMaintained
    Goldman SachsSellDowngraded
    JefferiesHoldMaintained
    Raymond JamesMarket PerformDowngraded
    BMO CapitalOutperformMaintained
    GuggenheimBuyUpgraded
    Deutsche BankBuyMaintained
    Dahlman RoseBuyMaintained
    WunderlichBuyMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    BMO CapitalOutperformMaintained
    Tudor PickeringHoldDowngraded
    Deutsche BankBuyMaintained
    Credit AgricoleOutperformDowngraded
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyUnderweightMaintained
    JefferiesHoldMaintained
    BarclaysOverweightMaintained
    Capital One FinancialNeutralDowngraded
    WunderlichBuyInitiated
    UBSNeutralMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityBuyMaintained
    Dahlman RoseBuyMaintained
    UBSNeutralMaintained
    Global Hunter SecuritiesNeutralMaintained
    Miller TabakSellDowngraded

    Patterson-UTI Energy Inc (PTEN) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.304
    The average consensus EPS for PTEN is $-0.304 with a high estimate of $-0.246 and Low of $-0.363 for the period 2022-03-31 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.43$-0.45242021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$-0.36062021-12-31
    $-0.43$-0.45242021-09-30
    $-0.54$-0.53172021-06-30
    $-0.57$-0.57022021-03-31
    $-0.57$-0.63482020-12-31
    $-0.6$-0.6332020-09-30
    $-0.54$-0.59432020-06-30
    $-0.44$-0.47612020-03-31
    $-0.43$-0.42432019-12-31
    $-0.27$-0.30772019-09-30
    $-0.17$-0.21382019-06-30
    $-0.14$-0.21222019-03-31
    $-0.04$-0.14222018-12-31
    $-0.1$-0.11822018-09-30
    $-0.05$-0.03842018-06-30
    $-0.16$-0.09592018-03-31
    $-0.1$-0.08232017-12-31
    $-0.13$-0.17872017-09-30
    $-0.21$-0.30262017-06-30
    $-0.42$-0.44052017-03-31
    $-0.53$-0.55532016-12-31
    $-0.57$-0.60742016-09-30
    $-0.56$-0.63882016-06-30
    $-0.55$-0.55072016-03-31
    $-0.4$-0.4882015-12-31
    $-0.26$-0.34672015-09-30
    $-0.13$-0.27082015-06-30
    $0.06$0.03242015-03-31
    $0.46$0.50442014-12-31
    $0.47$0.47512014-09-30
    $0.37$0.32452014-06-30
    $0.24$0.24982014-03-31
    $0.28$0.22572013-12-31
    $0.25$0.31592013-09-30
    $0.28$0.30312013-06-30
    $0.39$0.36712013-03-31
    $0.4$0.29162012-12-31
    $0.39$0.38792012-09-30
    $0.49$0.44472012-06-30
    $0.63$0.58122012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).