Patterson-UTI Energy Inc. (PTEN) is priced at $8.82 after the most recent trading session. At the very opening of the session, the stock price was $9.00 and reached a high price of $9.14, prior to closing the session it reached the value of $9.00. The stock touched a low price of $8.81.Recently in News on October 8, 2021, Pioneer Energy Services Announces the Accelerated Mandatory Conversion of 5.00% Convertible Senior Unsecured PIK Notes Due 2025. Pioneer Energy Services LLC (the “Company” or “Pioneer”), the successor to Pioneer Energy Services Corp. (“PES”) and a wholly owned subsidiary of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) (“Patterson-UTI”), today announced the accelerated mandatory conversion of all outstanding principal amount of its 5.00% Convertible Senior Unsecured PIK Notes Due 2025 (the “Convertible Notes”). You can read further details here
Patterson-UTI Energy Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.27 on 06/23/21, with the lowest value was $5.21 for the same time period, recorded on 01/04/21.
Patterson-UTI Energy Inc. (PTEN) full year performance was 200.51%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Patterson-UTI Energy Inc. shares are logging -21.74% during the 52-week period from high price, and 270.59% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.38 and $11.27.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2857551 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Patterson-UTI Energy Inc. (PTEN) recorded performance in the market was 67.68%, having the revenues showcasing 0.46% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.91B, as it employees total of 3000 workers.
Specialists analysis on Patterson-UTI Energy Inc. (PTEN)
During the last month, 4 analysts gave the Patterson-UTI Energy Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.68, with a change in the price was noted +0.56. In a similar fashion, Patterson-UTI Energy Inc. posted a movement of +6.78% for the period of last 100 days, recording 1,894,717 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PTEN is recording 0.50 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.50.
Trends and Technical analysis: Patterson-UTI Energy Inc. (PTEN)
Raw Stochastic average of Patterson-UTI Energy Inc. in the period of last 50 days is set at 64.50%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 53.55%. In the last 20 days, the company’s Stochastic %K was 58.87% and its Stochastic %D was recorded 61.78%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 67.68%. Additionally, trading for the stock in the period of the last six months notably improved by 23.44%, alongside a boost of 200.51% for the period of the last 12 months. The shares increased approximately by -9.54% in the 7-day charts and went down by 3.64% in the period of the last 30 days. Common stock shares were driven by 0.46% during last recorded quarter.