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PTEN Forecast + Trading Strategies



Price Forecast:




80% Confidence

Bearish   <->   Bullish



Bullish Case: PTEN may benefit from improved drilling activities and strategic acquisitions, enhancing cash flow, leading to stock appreciation given low implied volatility and positive market sentiment.



Bearish Case: Persistent high market uncertainty combined with flat trading volumes may lead to a stagnation or further decline in PTEN’s stock price, especially with historical underperformance and a high P/B ratio.



Potential Outcomes:
  • 60%: Positive earnings boost from improved drilling activities.
  • 25%: Price stagnation due to market uncertainty and high P/B ratio.
  • 10%: Further decline linked to negative market trends.
  • 5%: Unexpected positive catalyst from acquisitions or macroeconomic shifts.



Trading Oracle: Adopt a bullish long volatility strategy by buying 4 $8.00 calls and selling 3 $9.00 calls. This positions for potential upside while benefiting from low implied volatility. Focus on earnings announcements in the next month for maximum return potential with a significant risk-reward ratio.


December 15, 2024


Patterson-UTI Energy Forecast

PTEN        Patterson-UTI Energy

4 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

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AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (0.89)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.88)



Uncorrelated Assets

Assets with little price relationship to PTEN


REAL Forecast + Options Trading Strategies   REAL  Therealreal (-0.01)


TMF Forecast + Options Trading Strategies   TMF  Direxion Daily 20+ Year Treasury Bull 3X Shares (-0.01)


TWO Forecast + Options Trading Strategies   TWO  Two Harbors Investment (0.01)


BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.01)


EMR Forecast + Options Trading Strategies   EMR  Emerson Electric (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PTEN


HR Forecast + Options Trading Strategies   HR  Healthcare Realty Trust (-0.82)


GCI Forecast + Options Trading Strategies   GCI  Gannett (-0.83)


SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (-0.84)


SPGI Forecast + Options Trading Strategies   SPGI  S&P Global (-0.85)


VMI Forecast + Options Trading Strategies   VMI  Valmont Industries (-0.85)


PTEN News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.







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