Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 10.48M but it saw 12232771 shares traded in last market. With a market cap of 3.26B USD, the company’s current market price of $8.43 came rising about 6.44 while comparing to the previous closing price of $7.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.65 and as low as $7.03. In the recent trading on the day, stock has struck highest price mark of $7.9 while lowest mark touched by it was $8.54.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $7.88, while its current price level is -33.36% below from 52-week high level whereas it is 19.91% 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 $8.38 while that of 200 days or SMA-200 reads an average of $8.72. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.42% during that period while stretching the period over a month that increases to 5.60%. 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 56.74 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 7.53% up while it is -7.26% when we observe its performance for the past one month. Year-to-date it is 2.06% up and over the past year, the stock is showing a downside performance of -26.95%.
Currently, Patterson-UTI Energy Inc’s total number of outstanding shares is 387.34M. Company’s return on investment (ROI) stands at -20.47% and return on equity (ROE) at -23.39%. It has a 38.00 of forward P/E ratio. Stock’s beta reads 1.63. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is -14.14% on average.
