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.


Trading Oracle: Sign Up to access trading oracle trade ideas.


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



RES Forecast + Options Trading Strategies   RES  RPC (0.87)


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


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.84)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.83)


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



Uncorrelated Stock Forecasts

Assets with little price relationship to PTEN



AL Forecast + Options Trading Strategies   AL  Air Lease Corp (-0.0)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (0.0)


FXB Forecast + Options Trading Strategies   FXB  Invesco CurrencyShares British Pound Sterling (-0.0)


SNCY Forecast + Options Trading Strategies   SNCY  Sun Country Airlines (-0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PTEN



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


CERE Forecast + Options Trading Strategies   CERE  Cerevel Therapeutics (-0.7)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (-0.72)


JAKK Forecast + Options Trading Strategies   JAKK  Jakks Pacific (-0.73)


SAVA Forecast + Options Trading Strategies   SAVA  Cassava Sciences (-0.73)





Become a more profitable investor with AI optimized trading strategies






×

Chat with PTEN


 Ask me any question!