Patterson-UTI Energy Inc (NASDAQ:PTEN) currently has a daily average trading volume of 12.81M but it saw 13195416 shares traded in last market. With a market cap of 2.15B USD, the company’s current market price of $5.57 came rising about 0.54 while comparing to the previous closing price of $5.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.69 and as low as $5.12.
Taking a look at 20-day trading activity of Patterson-UTI Energy Inc (PTEN) gives us an average price of $5.87, while its current price level is -52.37% below from 52-week high level whereas it is 8.79% 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 $6.98 while that of 200 days or SMA-200 reads an average of $8.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.56% during that period while stretching the period over a month that increases to 7.17%. 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 37.77 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 -1.24% down while it is -2.11% when we observe its performance for the past one month. Year-to-date it is -32.57% down and over the past year, the stock is showing a downside performance of -47.85%.
Currently, Patterson-UTI Energy Inc’s total number of outstanding shares is 385.98M with 2.47% of that held by the insiders while 105.77% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -21.72% and return on equity (ROE) at -24.93%. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 0.63 while price to sale or P/S ratio amounts to 0.42. Its return on asset (ROA) is -15.68% on average.
