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Patterson-uti Energy Inc | PTEN

Daily Technical Analysis of Patterson-uti Energy Inc

Patterson-uti Energy hasn't moved too much today but is slightly down, it has lost -0.91% since yesterday.

Currently PTEN isn't at a clear support/resistance line that seems tradable. Patterson-uti Energy hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. PTEN might find some support at the 11.39 level, buyers might push the price back up from here. But it's not very clear what will happen.


Last analyzed on 2024-03-17

Analyst Ratings for Patterson-uti Energy By Price Target And Rating

Overall, the analysts have a more negative view on Patterson-UTI Energy but it's not a very strong negative. The current Analysts Sentiment Score is -17.72. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Evercore ISI provided a price target decease of -5.26% to $18.00 from $19.00 on 2024-02-20. Royal Bank of Canada announced a lowering of their price target to $16.00 from $17.00 on 2024-02-16. Raymond James announced a lowering of their price target to $15.00 from $16.00 on 2024-02-16. On 2024-01-16 there was a downgrade announced by Benchmark from Buy to Hold. The Goldman Sachs Group initiated a rating of Neutral on 2023-12-19 and provided a price target of $12.00. On 2023-11-14 Barclays lowered their price target by -11.11% to $16.00. Piper Sandler announced a lowering of their price target to $19.00 from $20.00 on 2023-11-13. Susquehanna dropped their price target by -11.11% to $16.00 on 2023-11-09. On 2023-10-17 Morgan Stanley downgraded Patterson-UTI Energy from Overweight to Equal Weight and decided to decrease their price target by -15% down to $17.00. Bank of America announced an upgrade on 2023-10-16 from Neutral to Buy and moved up their price target to $16.00 which is a 14.29% increase.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
PTEN-17.7240.93-60.923.45-38.91

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-22)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
PTEN0.000.00

Short interest for Patterson-UTI Energy

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company Short Score (typical 1-15) ?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
Short Interest Days to Cover Rate of Change Shares Short
PTEN4.72%5.051553.711.35220970000

How Patterson-UTI Energy compares to the broader Energy sector and the more specific Oil & Gas - Drilling industry

Segment Count 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Analysts Ratings ?
Oil & Gas - Drilling

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
7-0.032.5410.034.48-14.270.2871.43-6.97-8.77-13.09-1173.41-5357.3678.570.004.48-5.91
Energy

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
1100.941.746.497.802.5075.6864.5918.6911.1511.49-6069.89-14586.2738.862.274.0712.91

Social Sentiment for Patterson-UTI Energy

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker Social Sentiment(1-10)
PTEN

Companies with the highest correlation to Patterson-UTI Energy

Company Score 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Score
NBR | Nabors Industries Ltd.1.88-2.08-0.575.515.40-32.41-28.2473-7.18-15.11-19.52300.33-2929.8215005.60454
OIS | OIL STATES INTERNATIONAL,1.750.651.998.45-7.37-28.79-23.9565-54.31-54.19-32.45-14813.79-1797.58002.32678
HP | Helmerich & Payne, Inc.1.68-0.401.897.8715.33-4.5014.36664.455.693.74196.37-7377.60004.73331
LBRT | Liberty Energy Inc.1.561.871.07-5.1311.8810.1560.372636.6957.0750.35-2059.10-23309.81006.72961
RIG | Transocean LTD.1.490.485.1923.381.29-25.42-6.8293-27.10-26.40-24.10176.78-2247.80150010.9425
VET | VERMILION ENERGY INC.1.481.636.609.031.14-15.600.0850-22.93-21.00-17.05-45569.69-1425.65002.09722
OII | Oceaneering International1.480.303.3113.3713.48-13.0133.4172-0.131.211.02-2161.33-21154.25002.4742

Top 3 correlating companies

See full charts for all peers

Sentiment Score

How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

Earnings Estimates
Analyst Rating
Price Targets
Short Interest
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Institutional Ownership
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Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

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Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

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