PTEN Stock Analysis: Buy, Sell, or Hold?
PTEN - Patterson-UTI Energy Inc
$10.07
-0.13 (-1.27%)
▼
5d:
-5.53%
30d:
-17.53%
90d:
-6.06%
HOLD
MODERATE Confidence
Analysis Updated: Jun 23, 2026 12:00 AM ET
Earnings: Jul 22, 2026
27d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: PTEN shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
📊 HOLD: PTEN shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
In-depth Analysis How we analyze
Valuation Analysis: PTEN is currently trading at $10.07, which is considered oversold relative to its 30-day fair value range of $10.73 to $12.35. From a valuation perspective, the stock is trading at a discount (Forward PE: 62.1) compared to its historical average (194.2). Remarkably, the market is currently pricing in an annual earnings decline of 31.6% 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: PTEN has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. Wall Street analysts see significant upside, with an average price target of $13.25 (+31.6%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
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: PTEN has a weak technical setup (25/100), with bearish trendlines and momentum suggesting caution for short-term entries. Wall Street analysts see significant upside, with an average price target of $13.25 (+31.6%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$10.73 -
$12.35
Company Quality Score
53/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
57.1%
All Signals
- BULLISH: Price oversold vs 30-day range
- BEARISH: Weak technical setup (25/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 31.6% below Wall St target ($13.25)
- CAUTION: 5-day price weakness (-5.5%) - monitor closely
Trading Range Analysis
30-Day Trading Range
$10.73 -
$12.35
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.)
62.12
Wall Street Target
$13.25
(+31.6%)
Revenue Growth (YoY)
-12.7%
Earnings Growth (YoY)
-97.9%
Profit Margin
-2.6%
Valuation Discount vs History
-31.6% cheaper
PE vs Historical
62.1 vs 194.2
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-31.6%
(market-implied from PE analysis)
1-Year Target
$9.06
(-10%)
2-Year Target
$8.16
(-19%)
3-Year Target
$7.34
(-27%)
3-Yr Target (if PE normalizes)
(PE: 62→194)
$22.95
(+128%)
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 62.1 to 194.2
Stabilization Target:
$31.48
(+212.6%)
PE Expansion Potential:
+212.6%
Share & Embed Analysis
Last updated: June 24, 2026 8:07 AM ET
Data refreshes hourly during market hours. Next update: 9:07 AM
Data refreshes hourly during market hours. Next update: 9:07 AM
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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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