Analysts Have Lowered Expectations For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) After Its Latest Results [Yahoo! Finance News]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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Source: Yahoo! Finance News
The investors inPatterson-UTI Energy, Inc.NASDAQ:PTENSee our latest analysis for Patterson-UTI EnergyGS:PTEN Past and Future Earnings April 27th 2020Taking into account the latest results, the 21 analysts covering Patterson-UTI Energy provided consensus estimates of US$1.04b revenue in 2020, which would reflect a painful 53% decline on its sales over the past 12 months. Losses are expected to hold steady at around US$4.19. Before this latest report, the consensus had been expecting revenues of US$1.31b and US$2.28 per share in losses. There's been a definite change in sentiment in this update, with the analysts administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts.There was no major change to the consensus price target of US$2.98, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. It could also be instructive to look at the range of analyst es
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PTEN
News
- Patterson-UTI Energy (NASDAQ:PTEN) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Patterson-UTI Energy (NASDAQ:PTEN) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=PTEN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall StreMarketBeat
- Patterson-UTI Energy (NASDAQ:PTEN) had its price target raised by analysts at Royal Bank Of Canada from $7.00 to $8.00. They now have an "outperform" rating on the stock.MarketBeat
- Patterson-UTI Energy (NASDAQ:PTEN) was downgraded by analysts at Tudor Pickering from a "strong-buy" rating to a "hold" rating.MarketBeat
- Patterson-UTI Energy (NASDAQ:PTEN) had its "equal weight" rating reaffirmed by analysts at Barclays PLC. They now have a $6.00 price target on the stock, down previously from $7.00.MarketBeat
PTEN
Earnings
- 10/22/25 - In-Line
PTEN
Sec Filings
- 10/28/25 - Form 10-Q
- 10/23/25 - Form 8-K
- 9/19/25 - Form 8-K
- PTEN's page on the SEC website