RBC keeps USD 15 target for Patterson-UTI Energy stock

Published on 10/20/2026 at 22:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.23 billion on June 30, 2026. Patterson-UTI stock costs EUR 10.37 on October 20, 2026 at 10:12 p.m. CEST.

Analyst target and quarterly revenue

RBC Capital maintained a USD 15.00 target and Buy rating on October 18, 2026.
Second-quarter revenue reached USD 1.23 billion for the period ended June 30, 2026.
Patterson-UTI stock stood at EUR 10.37 at Lang & Schwarz on October 20, 2026 at 10:12 p.m. CEST.

PTEN, US7034811015, Illustration mit AI erstellt.

Patterson-UTI Energy stock (ISIN US7034811015) keeps an analyst-backed valuation marker after TipRanks reported on October 18, 2026 that RBC Capital maintained a Buy rating and a USD 15.00 price target. Patterson-UTI Energy was trading at EUR 10.37 at Lang & Schwarz on October 20, 2026 at 10:12 p.m. CEST.

Second-quarter revenue reached USD 1.23 billion

The latest reported quarter ended June 30, 2026. Patterson-UTI Energy generated USD 1.23 billion in revenue and posted a GAAP net loss of USD 19.6 million, according to TipRanks. Revenue was USD 1.22 billion in the year-earlier quarter, while the prior-year GAAP net loss was USD 49.14 million.

How far is the RBC target?

Using the Nasdaq price of USD 11.63 at 4:00 p.m. ET on October 20, 2026, the USD 15.00 target stands 28.98 percent above the price. The Nasdaq quote was an after-hours reading in the finance market data, while the euro quotation came from Lang & Schwarz.

Price range and valuation

Patterson-UTI Energy's 52-week range was USD 5.10 to USD 13.39 as of October 20, 2026. Its market capitalization was USD 4.4 billion, and its price-to-earnings ratio was negative 50.41. The trailing dividend yield was 0.03 percent.

The latest quarter also carried a mixed operating picture. Revenue expanded from the year-earlier period, but the company remained loss-making on a GAAP basis. That contrast leaves the RBC target dependent on improvement beyond the reported June quarter rather than on current earnings alone.

What the analyst view measures

The RBC assessment provides a specific benchmark for the stock, while the reported figures provide the operating reference. The USD 15.00 target is 28.98 percent above the USD 11.63 Nasdaq price, and the current market value is below the company's reported total assets of USD 5.4 billion at June 30, 2026.

Stock price in German trading

Patterson-UTI Energy was trading at EUR 10.37 at Lang & Schwarz on October 20, 2026 at 10:12 p.m. CEST. The quote is the euro price for German investors and is separate from the USD 11.63 Nasdaq reading. The further course of trading is shown by the continuously updated real-time quote of Patterson-UTI Energy stock.