Patterson-UTI Energy Inc (PTEN) concluded trading on Wednesday at a closing price of $8.86, with 6.02 million shares of worth about $53.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.96% during that period and on February 19, 2025 the price saw a loss of about -2.53%. Currently the company’s common shares owned by public are about 387.34M shares, out of which, 347.83M shares are available for trading.
Stock saw a price change of -4.01% in past 5 days and over the past one month there was a price change of -4.63%. Year-to-date (YTD), PTEN shares are showing a performance of 7.26% which decreased to -24.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.15 but also hit the highest price of $12.65 during that period. The average intraday trading volume for Patterson-UTI Energy Inc shares is 9.03 million. The stock is currently trading 2.71% above its 20-day simple moving average (SMA20), while that difference is up 6.14% for SMA50 and it goes to -1.87% lower than SMA200.
Patterson-UTI Energy Inc (NASDAQ: PTEN) currently have 387.34M outstanding shares and institutions hold larger chunk of about 97.27% of that.
The stock has a current market capitalization of $3.42B and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$2.48 in the same period. It has Quick Ratio of 1.34 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PTEN, volatility over the week remained 4.88% while standing at 4.52% over the month.
Stock’s fiscal year EPS is expected to rise by 15.51% while it is estimated to increase by 328.12% in next year.
Coverage by Goldman stated Patterson-UTI Energy Inc (PTEN) stock as a Buy in their note to investors on December 13, 2024, suggesting a price target of $10 for the stock. On January 16, 2024, The Benchmark Company Downgrade their recommendations, while on December 19, 2023, Goldman Initiated their ratings for the stock with a price target of $12. Stock get an Equal-weight rating from Morgan Stanley on October 17, 2023.
