Technical Analysis for PTEN - Patterson-UTI Energy, Inc.

Grade Last Price % Change Price Change
grade F 9.26 -3.94% -0.38
PTEN closed down 3.94 percent on Wednesday, January 22, 2020, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Feb 6
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical PTEN trend table...

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
BB Squeeze Ended Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish -3.94%
Bollinger Band Squeeze Range Contraction -3.94%

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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company offers pressure pumping services that consist of well stimulation and cementing for completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas and the Appalachian Basin; and contract drilling services primarily in Texas, New Mexico, Louisiana, Arkansas, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Nebraska, Alaska, Kansas, Pennsylvania, Ohio, West Virginia, Michigan, and western and northern Canada. It also owns and invests in oil and natural gas assets located primarily in Texas and New Mexico. As of December 31, 2012, it had a drilling fleet of 314 marketable land-based drilling rigs. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
Oil Petroleum Oil And Gas Law In The United States Fracturing Oil Well Precision Drilling Drilling Rig Hydraulic Fracturing Environmental Impact Of Hydraulic Fracturing Barnett Shale Contract Drilling Services Natural Gas Assets

Is PTEN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 16.27
52 Week Low 7.67
Average Volume 3,226,110
200-Day Moving Average 10.44
50-Day Moving Average 9.70
20-Day Moving Average 10.27
10-Day Moving Average 9.97
Average True Range 0.37
ADX 21.5
+DI 12.99
-DI 26.29
Chandelier Exit (Long, 3 ATRs ) 9.84
Chandelier Exit (Short, 3 ATRs ) 10.35
Upper Bollinger Band 11.02
Lower Bollinger Band 9.52
Percent B (%b) -0.17
BandWidth 14.63
MACD Line -0.04
MACD Signal Line 0.11
MACD Histogram -0.1556
Fundamentals Value
Market Cap 1.96 Billion
Num Shares 212 Million
EPS -1.95
Price-to-Earnings (P/E) Ratio -4.75
Price-to-Sales 3.02
Price-to-Book 1.12
PEG Ratio -1.87
Dividend 0.08
Dividend Yield 0.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.70
Resistance 3 (R3) 9.74 9.63 9.62
Resistance 2 (R2) 9.63 9.52 9.61 9.60
Resistance 1 (R1) 9.45 9.45 9.40 9.41 9.57
Pivot Point 9.34 9.34 9.32 9.32 9.34
Support 1 (S1) 9.16 9.23 9.11 9.12 8.95
Support 2 (S2) 9.05 9.16 9.03 8.92
Support 3 (S3) 8.87 9.05 8.90
Support 4 (S4) 8.83