The latest price target for Patterson-UTI Energy (NASDAQ:PTEN) was reported by Morgan Stanley on September 16, 2024. The analyst firm set a price target for $10.00 expecting PTEN to rise to within 12 months (a possible 21.51% upside). 29 analyst firms have reported ratings in the last year.

The latest analyst rating for Patterson-UTI Energy (NASDAQ:PTEN) was provided by Morgan Stanley, and Patterson-UTI Energy maintained their equal-weight rating.

The last upgrade for Patterson-UTI Energy Inc happened on October 16, 2023 when B of A Securities raised their price target to $16. B of A Securities previously had a neutral for Patterson-UTI Energy Inc.

The last downgrade for Patterson-UTI Energy Inc happened on January 16, 2024 when Benchmark changed their price target from N/A to N/A for Patterson-UTI Energy Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Patterson-UTI Energy, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Patterson-UTI Energy was filed on September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.

While ratings are subjective and will change, the latest Patterson-UTI Energy (PTEN) rating was a maintained with a price target of $12.00 to $10.00. The current price Patterson-UTI Energy (PTEN) is trading at is $8.23, which is out of the analyst’s predicted range.