Patterson-UTI Energy (PTEN) Stock: Buy, Sell, or Hold?
PTEN - Patterson-UTI Energy Inc
$11.16
-0.14 (-1.24%)
▼
5d:
+2.29%
30d:
-15.13%
90d:
+30.37%
HOLD
LOW Confidence
Analysis Updated: Oct 2, 2026 12:00 AM ET
Earnings: Oct 28, 2026
25d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: PTEN shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
📊 HOLD: PTEN shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$10.27
Based on 7.0% avg growth
INTRINSIC VALUE TODAY
$6.38
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: PTEN is currently trading at $11.16, which is considered slightly low relative to its 30-day fair value range of $11.19 to $12.69. From a valuation perspective, the stock is trading at a discount (Forward PE: 38.5) compared to its historical average (101.2). Remarkably, the market is currently pricing in an annual earnings decline of 27.5% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, PTEN is in a downtrend. Immediate support is located at $10.46, while resistance sits at $11.64.
Market Sentiment: PTEN scores 72/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $14.07 (+24.5%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, PTEN is in a downtrend. Immediate support is located at $10.46, while resistance sits at $11.64.
Market Sentiment: PTEN scores 72/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $14.07 (+24.5%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$11.19 -
$12.69
Company Quality Score
53/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
90.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- BULLISH: Strong technical setup (72/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 24.5% below Wall St target ($14.07)
- CAUTION: Bottoming setup, but lagging the sector by 25% over 20 days — wait for relative strength
Trading Range Analysis
30-Day Trading Range
$11.19 -
$12.69
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$10.46
Resistance Level
$11.64
Current Trend
Downtrend
Technical data as of
Oct 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
38.53
Wall Street Target
$14.07
(+24.5%)
Revenue Growth (YoY)
0.7%
Earnings Growth (YoY)
-97.9%
Profit Margin
-1.9%
Valuation Discount vs History
-27.5% cheaper
PE vs Historical
38.5 vs 101.2
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-27.5%
(market-implied from PE analysis)
1-Year Target
$10.17
(-10%)
2-Year Target
$9.15
(-19%)
3-Year Target
$8.24
(-27%)
3-Yr Target (if PE normalizes)
(PE: 39→101)
$21.64
(+92%)
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 38.5 to 101.2
Stabilization Target:
$29.68
(+162.7%)
PE Expansion Potential:
+162.7%
Share & Embed Analysis
Last updated: October 02, 2026 3:34 PM ET
Data refreshes hourly during market hours. Next update: 4:34 PM
Data refreshes hourly during market hours. Next update: 4:34 PM
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Technical Signals Check
Is PTEN showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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