Analyst Price Target is $11.71
▲ +52.45% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Patterson-UTI Energy in the last 3 months. The average price target is $11.71, with a high forecast of $17.00 and a low forecast of $10.00. The average price target represents a 52.45% upside from the last price of $7.68.
Current Consensus is
Moderate Buy
The current consensus among 13 investment analysts is to moderate buy stock in Patterson-UTI Energy. This Moderate Buy consensus rating has held steady for over two years.
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.
Read More
