Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 8.92M but it saw 8816747 shares traded in last market. With a market cap of 3.69B USD, the company’s current market price of $9.45 came rising about 1.29 while comparing to the previous closing price of $9.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.65 and as low as $7.15. In the recent trading on the day, stock has struck highest price mark of $9.23 while lowest mark touched by it was $9.53.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $8.22, while its current price level is -25.30% below from 52-week high level whereas it is 32.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.17 while that of 200 days or SMA-200 reads an average of $9.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.41% during that period while stretching the period over a month that increases to 3.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 74.84 which implies that the stock is in overbought territory.
Goldman upgraded its recommendation for the stock as a “Buy” from “Neutral” on December 13, 2024 while assigning a price target range of $11-$10.
Over the week, PTEN’s stock price is moving 12.23% up while it is 22.41% when we observe its performance for the past one month. Year-to-date it is 14.41% up and over the past year, the stock is showing a downside performance of -5.88%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is 0.11. In next quarter, company is expected to be making quarterly sales of $1.26B as analysts are expecting the sales for current fiscal year at $5.47B and seeing the company making $5.22B in sales next year. Moreover, analysts are in estimates of $1.26B for current-quarter revenue.
Currently, Patterson-UTI Energy Inc’s total number of outstanding shares is 389.94M with 2.57% of that held by the insiders while 100.34% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -17.67% and return on equity (ROE) at -20.31%. Stock’s beta reads 2.08. Stock has a price to book (P/B) ratio of 1.03 while price to sale or P/S ratio amounts to 0.64. Its return on asset (ROA) is -12.77% on average.
