Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 9.72M but it saw 15405490 shares traded in last market. With a market cap of 2.82B USD, the company’s current market price of $7.30 came falling about -2.80 while comparing to the previous closing price of $7.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.65 and as low as $7.10.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $8.42, while its current price level is -42.29% below from 52-week high level whereas it is 2.82% 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 $8.42 while that of 200 days or SMA-200 reads an average of $8.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.69% during that period while stretching the period over a month that decreases to 5.45%. 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 33.67 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 -7.59% down while it is -7.36% when we observe its performance for the past one month. Year-to-date it is -11.62% down and over the past year, the stock is showing a downside performance of -37.82%.
The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of -0.04 while estimate for next year EPS is -0.02. In next quarter, company is expected to be making quarterly sales of $1.22B as analysts are expecting the sales for current fiscal year at $4.85B and seeing the company making $5.11B in sales next year. Moreover, analysts are in estimates of $1.18B for current-quarter revenue.
Currently, Patterson-UTI Energy Inc’s total number of outstanding shares is 387.34M with 2.72% of that held by the insiders while 105.83% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -20.47% and return on equity (ROE) at -23.39%. It has a 30.35 of forward P/E ratio. Stock’s beta reads 1.67. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is -14.14% on average.
