Patterson-UTI Energy, Inc. (PTEN) forecast

Patterson-UTI Energy, Inc. (PTEN) forecast: price $11.36, trailing P/E -50.41, forward P/E 35.97. How to read the street's path.

The live PTEN price is $11.36. Trailing P/E is -50.41 and forward P/E is 35.97. The forecast that matters is the earnings path those ratios imply, not a single target price.

A forward P/E below the trailing P/E means the consensus expects earnings to rise. The reverse means the market is looking at a peak. Neither is a schedule. Analyst targets are useful as a range of models. They are not a contract. Discounted cash flow is the long form: cash flows, a discount rate, and a terminal value you can argue with.

Use this page for the PTEN forecast URL. The prediction page next to it puts the same live inputs in the price-target framing. Both stay in sync with the quote on the main page.

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