Analysts have diverse opinions on Patterson-UTI Energy (NASDAQ:PTEN), with recent evaluations ranging from bullish to bearish. The average 12-month price target is now $16.00, down from $16.64, reflecting a 3.85% decline. Analysts from firms like Evercore ISI Group, B of A Securities, Susquehanna, RBC Capital, and Raymond James have adjusted their ratings and price targets, indicating a cautious outlook on PTEN's performance. Despite a significant revenue growth rate of 100.93% as of December 31, 2023, concerns about profitability and efficiency metrics such as net margin, ROE, and ROA suggest challenges ahead.