Energy Services Shifts Will Shape Digital Drilling Outlook in Coming Quarters

The consensus analyst price target for Patterson-UTI Energy has shifted slightly lower. This reflects a range of updated outlooks as analysts weigh recent earnings, sector performance, and evolving market dynamics.

Patterson-UTI Energy's average analyst price target has moved lower, as analysts cite ongoing softness in the completions market, recent negative sector catalysts, and expectations for activity and pricing declines. This has resulted in target reductions such as $12 from $13 and $6 from $7.

With both net profit margin and future P/E ratio showing only marginal changes, the consensus analyst price target for Patterson-UTI Energy remains effectively unchanged at $7.60. What's in the News Repurchased 2,663,837 shares for $16 million from April to June, reaching a total of 87,052,570 shares (33.15%) for $972.28 million under its ongoing buyback program.

AnalystConsensusTarget has decreased revenue growth from 0.9% to -0.8%, decreased profit margin from 8.4% to 2.6% and increased future PE multiple from 9.4x to 31.9x.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has decreased revenue growth from 1.3% to 0.7%.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has increased revenue growth from 0.9% to 1.3%, decreased profit margin from 8.7% to 7.1% and increased future PE multiple from 8.5x to 12.2x.