Patterson-UTI Energy, Inc. (PTEN): A Bull Case Theory

We came across a bullish thesis on Patterson-UTI Energy, Inc. (PTEN) on Nugget Capital Partner’s Substack. In this article, we will summarize the bulls’ thesis on PTEN. Patterson-UTI Energy, Inc. (PTEN)'s share was trading at $5.51 as of 2^nd June. PTEN’s trailing and forward P/E were 56.73 and 8.38 respectively according to Yahoo Finance.

[caption id="attachment_1224254" align="aligncenter" width="768"] Solar panels in an agricultural field, highlighting the company's commitment to renewable energy.[/caption]

Patterson-UTI, following its 2023 acquisition of Nextier, has...