Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 8.65M but it saw 16495747 shares traded in last market. With a market cap of 3.27B USD, the company’s current market price of $8.38 remained unchanged while comparing to the previous closing price of $8.38. 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 $8.28 while lowest mark touched by it was $8.855.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $8.64, while its current price level is -33.75% below from 52-week high level whereas it is 17.20% 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 $9.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.09% during that period while stretching the period over a month that decreases to 4.02%. 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 49.10 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 1.70% up while it is -2.78% when we observe its performance for the past one month. Year-to-date it is 1.45% up and over the past year, the stock is showing a downside performance of -17.44%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.08. In next quarter, company is expected to be making quarterly sales of $1.3B as analysts are expecting the sales for current fiscal year at $5.2B and seeing the company making $5.41B 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 389.96M with 2.57% of that held by the insiders while 102.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -20.66% and return on equity (ROE) at -23.39%. It has a 50.50 of forward P/E ratio. Stock’s beta reads 2.01. Stock has a price to book (P/B) ratio of 0.92 while price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is -14.61% on average.
