For the readers interested in the stock health of Patterson-UTI Energy Inc. (PTEN). It is currently valued at $9.98. When the transactions were called off in the previous session, Stock hit the highs of $10.42, after setting-off with the price of $10.42. Company’s stock value dipped to $9.95 during the trading on the day. When the trading was stopped its value was $10.26.Recently in News on January 6, 2022, Patterson-UTI Reports Drilling Activity for December 2021. PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2021, the Company had an average of 110 drilling rigs operating in the United States. For the three months ended December 31, 2021, the Company had an average of 106 drilling rigs operating in the United States. 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 $10.42 on 01/12/22, with the lowest value was $8.44 for the same time period, recorded on 01/03/22.
Patterson-UTI Energy Inc. (PTEN) full year performance was 57.17%
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 -11.45% during the 52-week period from high price, and 76.33% 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 $5.66 and $11.27.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2746625 for the day, which was evidently lower, 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 18.11%, having the revenues showcasing 11.38% 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 2.16B, as it employees total of 3000 workers.
Specialists analysis on Patterson-UTI Energy Inc. (PTEN)
During the last month, 9 analysts gave the Patterson-UTI Energy Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 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 8.53, with a change in the price was noted +3.38. In a similar fashion, Patterson-UTI Energy Inc. posted a movement of +51.21% for the period of last 100 days, recording 2,749,183 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 0.52 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.52.
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 88.16%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 85.06%. In the last 20 days, the company’s Stochastic %K was 93.40% and its Stochastic %D was recorded 94.73%.
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 18.11%. Additionally, trading for the stock in the period of the last six months notably improved by 17.00%, alongside a boost of 57.17% for the period of the last 12 months. The shares increased approximately by 10.64% in the 7-day charts and went down by 17.55% in the period of the last 30 days. Common stock shares were driven by 11.38% during last recorded quarter.