PTEN Forecast + Trading Strategies


Bullish Case: Positive earnings growth, low dividend payout ratio, and strong free cash flow suggest a solid financial foundation for PTEN, which may drive price appreciation.


Bearish Case: Historical underperformance, a high price-to-book ratio, and low option trading volume imply limited upside and potential price stagnation or decline.


Potential Outcomes:

1) 75% chance: Recent acquisitions and strong financial indicators lead to stock price growth.

2) 20% chance: Stagnation persists due to historical trends.

3) 5% chance: Unexpected negative developments cause price drop.


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April 12, 2024


Patterson-UTI Energy Forecast

PTEN        Patterson-UTI Energy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with PTEN



TALO Forecast + Options Trading Strategies   TALO  Talos Energy (0.84)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.83)


MAT Forecast + Options Trading Strategies   MAT  Mattel (0.82)


WOR Forecast + Options Trading Strategies   WOR  Worthington Industries (0.82)


SBOW Forecast + Options Trading Strategies   SBOW  SilverBow Resources (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to PTEN



IREN Forecast + Options Trading Strategies   IREN  IREN (-0.0)


LVS Forecast + Options Trading Strategies   LVS  Las Vegas Sands (-0.0)


ABCL Forecast + Options Trading Strategies   ABCL  AbCellera Biologics (0.0)


LGIH Forecast + Options Trading Strategies   LGIH  LGI Homes (-0.0)


CPS Forecast + Options Trading Strategies   CPS  Cooper-Standard (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PTEN



IDT Forecast + Options Trading Strategies   IDT  IDT Corp. - (-0.67)


RLX Forecast + Options Trading Strategies   RLX  RLX Technology (-0.71)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (-0.71)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.72)


UVV Forecast + Options Trading Strategies   UVV  Universal (-0.77)


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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