PTEN Should I Buy
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Patterson-UTI Energy Inc (PTEN) is not a strong buy for a beginner, long-term investor at this moment. While the technical indicators show some bullish trends and hedge funds are increasing their positions, the company's recent financial performance is weak, with significant declines in revenue, net income, and EPS. Additionally, insider selling has surged, and there are no recent news catalysts or strong proprietary trading signals to support a buy decision. Analysts have raised price targets but remain largely neutral on the stock. Given the user's preference for long-term investments, it is better to wait for stronger financial performance or clearer positive catalysts before investing.
The MACD is positive at 0.0341, indicating a bullish trend, but it is contracting. RSI is neutral at 51.395, suggesting no clear overbought or oversold condition. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key support and resistance levels are Pivot: 8.085, R1: 8.732, S1: 7.437, R2: 9.132, S2: 7.037. Pre-market price is $8.10, down 0.49%, which is slightly bearish.
Hedge funds are increasing their positions, with buying up 186.35% over the last quarter. Analysts have raised price targets, with some projecting up to $11.
Insiders are selling heavily, with a 1148.08% increase in selling over the last month. Financial performance in Q4 2025 was weak, with revenue, net income, and EPS all declining significantly. No recent news catalysts or congress trading activity.
In Q4 2025, revenue dropped by 0.97% YoY to $1.15 billion. Net income fell sharply by 82.37% YoY to -$9.09 million. EPS declined by 84.62% YoY to -$0.02. However, gross margin improved by 22.33% YoY to 5.04.
Analysts have raised price targets recently, with the highest being $11 (Stifel). However, most ratings remain Neutral or Equal Weight, indicating a lack of strong bullish sentiment. JPMorgan downgraded the stock to Underweight in December 2025.
