PTEN Stock Analysis: Buy, Sell, or Hold?
PTEN - Patterson-UTI Energy Inc
$8.66
0.09 (1.05%)
▲
5d:
-11.36%
30d:
-26.17%
90d:
-16.33%
WAIT
LOW Confidence
Analysis Updated: Jul 2, 2026 12:00 AM ET
Earnings: Jul 22, 2026
18d
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Interactive Price Chart (1 Month)
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Bottom Line:
⏸️ WAIT FOR STABILIZATION: PTEN is down 11.4% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
⏸️ WAIT FOR STABILIZATION: PTEN is down 11.4% over the last 5 days. While fundamentals may be solid, catching a falling knife is risky. Wait for price to stabilize before entering.
In-depth Analysis How we analyze
Valuation Analysis: PTEN is currently trading at $8.66, which is considered oversold relative to its 30-day fair value range of $9.65 to $11.84. From a valuation perspective, the stock is trading at a discount (Forward PE: 47.7) compared to its historical average (173.3). Remarkably, the market is currently pricing in an annual earnings decline of 34.9% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, PTEN is in a strong uptrend. The price is currently testing key support at $10.96. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $13.21 (+52.6%). Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, PTEN is in a strong uptrend. The price is currently testing key support at $10.96. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $13.21 (+52.6%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$9.65 -
$11.84
Company Quality Score
55/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 52.6% below Wall St target ($13.21)
- WARNING: Recommendation downgraded due to -11.4% 5-day decline - wait for stabilization
Trading Range Analysis
30-Day Trading Range
$9.65 -
$11.84
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$10.96
Resistance Level
$12.56
Current Trend
Strong Uptrend
Technical data as of
Jun 9, 2026
Fundamental Context
Forward P/E (Next Year Est.)
47.71
Wall Street Target
$13.21
(+52.6%)
Revenue Growth (YoY)
-12.7%
Earnings Growth (YoY)
-97.9%
Profit Margin
-2.6%
Valuation Discount vs History
-34.9% cheaper
PE vs Historical
47.7 vs 173.3
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-34.9%
(market-implied from PE analysis)
1-Year Target
$7.79
(-10%)
2-Year Target
$7.01
(-19%)
3-Year Target
$6.31
(-27%)
3-Yr Target (if PE normalizes)
(PE: 48→173)
$22.93
(+165%)
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 47.7 to 173.3
Stabilization Target:
$31.45
(+263.2%)
PE Expansion Potential:
+263.2%
Share & Embed Analysis
Last updated: July 02, 2026 10:44 PM ET
Data refreshes hourly during market hours. Next update: 11:44 PM
Data refreshes hourly during market hours. Next update: 11:44 PM
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Technical Signals Check
Is PTEN showing a specific setup today?
Insider Activity (6 Months)
0
Buys
1
Sells
Net
INSIDERS SELLING
Recent Transactions
Robert Wayne Drummond Jr
SELL
164775 shares
2026-03-16
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