AI PTEN Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Increased drilling activity reports lead to earnings beats, buoyed by low future implied volatility predictions and historical recovery patterns projecting price appreciation. Strong cash flow from acquisitions further supports upside potential.




Bearish Case: Stagnation persists, driven by high price-to-book ratios and low trading volumes, compounded by market skepticism reflected in elevated implied volatility and historical underperformance metrics suggesting limited growth.




Potential Outcomes:

1) 50% chance: positive earnings from drilling activities boost stock.

2) 30%: stagnation attributed to high P/B ratio.

3) 20%: negative sentiment drives further declines amidst external pressures.




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October 19, 2024


Patterson-UTI Energy Forecast

PTEN        Patterson-UTI Energy











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Uncorrelated Assets

Assets with little price relationship to PTEN



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Anticorrelated Assets

Assets that tend to move strongly against PTEN



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


TMUS Forecast + Options Trading Strategies   TMUS  T-Mobile US (-0.85)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.85)


ADC Forecast + Options Trading Strategies   ADC  Agree Realty (-0.86)


NYT Forecast + Options Trading Strategies   NYT  New York Times Co. (-0.87)









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