[ibd-display-video id=2385970 width=50 float=left autostart=true] This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their largest price moves. See if Patterson-Uti Energy can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear a proper buy point.
In terms of revenue and profits, Patterson-Uti Energy has posted six quarters of increasing earnings growth. Revenue gains have also risen during the same period. Patterson-Uti Energy is expected to release its next quarterly numbers on or around Feb. 9.
The company earns the No. 3 rank among its peers in the Oil & Gas-Drilling industry group. Diamond Offshore Drill ( DO ) is the No. 1-ranked stock within the group.