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PTEN
Stock ticker: NASDAQ
AS OF
Jan 17, 02:47 PM (EDT)
Price
$9.29
Change
-$0.15 (-1.59%)
Capitalization
4.8B

PTEN Patterson-UTI Energy Forecast, Technical & Fundamental Analysis

a provider of onshore contract drilling and pressure pumping services

PTEN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for PTEN with price predictions
Jan 14, 2025

Momentum Indicator for PTEN turns positive, indicating new upward trend

PTEN saw its Momentum Indicator move above the 0 level on December 26, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for PTEN just turned positive on December 26, 2024. Looking at past instances where PTEN's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

PTEN moved above its 50-day moving average on December 30, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PTEN crossed bullishly above the 50-day moving average on January 06, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PTEN advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

PTEN broke above its upper Bollinger Band on December 31, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PTEN entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PTEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.997) is normal, around the industry mean (5.882). P/E Ratio (13.352) is within average values for comparable stocks, (24.727). Projected Growth (PEG Ratio) (0.556) is also within normal values, averaging (1.206). Dividend Yield (0.027) settles around the average of (0.037) among similar stocks. P/S Ratio (0.794) is also within normal values, averaging (1.149).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PTEN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.

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PTEN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

PTEN is expected to report earnings to fall 66.67% to 0 cents per share on October 23

Patterson-UTI Energy PTEN Stock Earnings Reports
Q3'24
Est.
$0.01
Q2'24
Missed
by $0.05
Q1'24
Beat
by $0.03
Q4'23
Beat
by $0.01
Q3'23
Missed
by $0.06
The last earnings report on July 25 showed earnings per share of 2 cents, missing the estimate of 7 cents. With 3.70M shares outstanding, the current market capitalization sits at 4.80B.
A.I.Advisor
published Dividends

PTEN paid dividends on December 16, 2024

Patterson-UTI Energy PTEN Stock Dividends
А dividend of $0.08 per share was paid with a record date of December 16, 2024, and an ex-dividend date of December 02, 2024. Read more...
A.I. Advisor
published General Information

General Information

a provider of onshore contract drilling and pressure pumping services

Industry ContractDrilling

Profile
Fundamentals
Details
Industry
Contract Drilling
Address
10713 West Sam Houston Parkway North
Phone
+1 281 765-7100
Employees
10600
Web
https://www.patenergy.com
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PTEN and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, PTEN has been closely correlated with HP. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if PTEN jumps, then HP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PTEN
1D Price
Change %
PTEN100%
+1.29%
HP - PTEN
80%
Closely correlated
+0.05%
NE - PTEN
65%
Loosely correlated
-2.51%
NBR - PTEN
51%
Loosely correlated
-0.59%
BORR - PTEN
45%
Loosely correlated
-8.38%
RIG - PTEN
43%
Loosely correlated
-4.21%
More

Groups containing PTEN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PTEN
1D Price
Change %
PTEN100%
+1.29%
PTEN
(5 stocks)
69%
Closely correlated
-0.57%