RY 133.62 0.2325% TD 80.66 0.3608% SHOP 96.69 -2.3432% CNR 170.96 1.5503% ENB 49.46 1.228% CP 112.45 0.196% BMO 126.9 -0.2672% TRI 208.55 -0.2583% CNQ 106.0 0.5406% BN 54.95 -1.0267% ATD 77.31 -0.3609% CSU 3649.3 -1.2892% BNS 63.12 -1.5596% CM 64.92 -0.3683% SU 54.025 0.4369% TRP 49.43 0.5288% NGT 59.66 12.8428% WCN 226.31 -0.593% MFC 31.94 -0.6532% BCE 44.92 -0.817%

mid-cap

One NASDAQ– Listed Drilling Stock at Resistance Levels: Patterson-UTI Energy Inc

Mar 11, 2024 | Team Kalkine
One NASDAQ– Listed Drilling Stock at Resistance Levels: Patterson-UTI Energy Inc

PTEN:NASDAQ
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (US$)

Patterson-UTI Energy Inc

Company Overview: Patterson-UTI Energy, Inc., incorporated on October 14, 1993, is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products.

As per our previous US Earning Hunter report published on ‘PTEN’ on 26th January 2024, Kalkine provided a ‘Attractive’ stance on the stock at USD 44.98 based on “decent fundamentals, associated risk, impressive dividend yield, improved outlook and valuation and the stock price has now moved by ~12.88% since then and the price has achieved resistance 1 and close to resistance 2 level.

Noted below are the details of support and resistance levels provided in our previous report:

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