PTEN Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: PTEN's strategic mergers and acquisitions enhance its market position and synergize operations, potentially driving future growth despite volatility.




Bearish Case: The extended historical underperformance and high implied volatility suggest market skepticism, compounded by low trading volume, pointing to further declines.




Potential Outcomes: 35%: Growth from strategic moves; 30%: Continued volatility stagnation; 35%: Further decline due to market disbelief.




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May 01, 2025


Patterson-UTI Energy Forecast

PTEN        Patterson-UTI Energy











Correlated Assets

Assets that tend to move strongly with PTEN



OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.85)


TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (0.81)


ALLY Forecast + Options Trading Strategies   ALLY  Ally Financial (0.81)


UGA Forecast + Options Trading Strategies   UGA  United States Commodity Funds (0.81)


CLW Forecast + Options Trading Strategies   CLW  Clearwater Paper (0.81)



Uncorrelated Assets

Assets with little price relationship to PTEN



LU Forecast + Options Trading Strategies   LU  Lufax Holding Ltd (-0.0)


UNH Forecast + Options Trading Strategies   UNH  Unitedhealth (0.0)


ES Forecast + Options Trading Strategies   ES  Eversource Energy (-0.0)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.02)


MRVL Forecast + Options Trading Strategies   MRVL  Marvell Technology (0.02)



Anticorrelated Assets

Assets that tend to move strongly against PTEN



PPL Forecast + Options Trading Strategies   PPL  PPL (-0.7)


DUK Forecast + Options Trading Strategies   DUK  Duke Energy (-0.7)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (-0.7)


FNF Forecast + Options Trading Strategies   FNF  Fidelity National Financial (-0.72)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.72)









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