Analysts have raised the modeled fair value for Patterson-UTI Energy from about $8.84 to roughly $13.21, with recent price targets clustering in the low to mid teens. Several firms, including Stifel, RBC Capital, Susquehanna, BofA and Goldman Sachs, have set price targets in a $13 to $15 range, reflecting higher Q2 EBITDA guidance and updated drilling and completions assumptions. Citi trimmed its target to $10.50, flagging that land drillers are at a crossroads, while Piper Sandler lifted its target to $13 but kept a Neutral stance. Revenue growth assumptions have shifted from a decline of about 0.60% to growth of roughly 3.19%, and profit margin expectations have moved from about 3.01% to roughly 4.92%.
Patterson-UTI Energy IncAnalysts raised fair value and price targets, reflecting higher EBITDA guidance and improved revenue/profit margin expectations.