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



RES Forecast + Options Trading Strategies   [RES]  RPC (0.88)


TALO Forecast + Options Trading Strategies   [TALO]  Talos Energy (0.85)


BKR Forecast + Options Trading Strategies   [BKR]  Baker Hughes (0.82)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.81)


SBOW Forecast + Options Trading Strategies   [SBOW]  SilverBow Resources (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to PTEN



PYPL Forecast + Options Trading Strategies   [PYPL]  PayPal (0.0)


SILK Forecast + Options Trading Strategies   [SILK]  Silk Road Medical (-0.0)


MTW Forecast + Options Trading Strategies   [MTW]  Manitowoc Co. (-0.0)


SCHW Forecast + Options Trading Strategies   [SCHW]  Charles Schwab (-0.0)


UNFI Forecast + Options Trading Strategies   [UNFI]  United Natural Foods (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PTEN



KHC Forecast + Options Trading Strategies   [KHC]  Kraft Heinz (-0.68)


CBL Forecast + Options Trading Strategies   [CBL]  CBL& Associates Properties, Inc. - New (-0.69)


NKTX Forecast + Options Trading Strategies   [NKTX]  Nkarta (-0.69)


CERE Forecast + Options Trading Strategies   [CERE]  Cerevel Therapeutics (-0.71)


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





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