Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 8.56M but it saw 8569141 shares traded in last market. With a market cap of 3.21B USD, the company’s current market price of $8.24 came falling about -0.36 while comparing to the previous closing price of $8.27. 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 $8.13 while lowest mark touched by it was $8.37.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $8.73, while its current price level is -34.86% below from 52-week high level whereas it is 15.24% 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 $8.26 while that of 200 days or SMA-200 reads an average of $9.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.06% during that period while stretching the period over a month that decreases to 3.64%. 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 42.97 which implies that the stock is in neutral 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 -8.65% down while it is 4.97% when we observe its performance for the past one month. Year-to-date it is -0.24% down and over the past year, the stock is showing a downside performance of -23.99%.
Currently, Patterson-UTI Energy Inc’s total number of outstanding shares is 389.94M with 2.57% of that held by the insiders while 102.89% 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 0.90 while price to sale or P/S ratio amounts to 0.55. Its return on asset (ROA) is -12.77% on average.
