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PTEN Forecast + Trading Strategies


Bearish   <—>   Bullish



80% Confidence



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.



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

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











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Assets that tend to move strongly against PTEN


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KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (-0.83)


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