Let’s start up with the current stock price of Patterson-UTI Energy Inc. (PTEN), which is $11.11 to be very precise. The Stock rose vividly during the last session to $13.90 after opening rate of $13.75 while the lowest price it went was recorded $12.96 before closing at $12.99.Recently in News on September 9, 2022, Patterson-UTI Energy Announces Death of Co-Founder and Former CEO, Cloyce A. Talbott. PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced with great sadness that Cloyce A. Talbott, wildcatter, businessman and civic leader, passed away peacefully on September 8, 2022. 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 $20.53 on 05/31/22, 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 63.40%
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 -45.86% during the 52-week period from high price, and 65.77% 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 $6.70 and $20.53.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2305906 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 53.73%, having the revenues showcasing -10.72% 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 2.96B, as it employees total of 5000 workers.
Analysts verdict on Patterson-UTI Energy Inc. (PTEN)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.48, with a change in the price was noted -5.08. In a similar fashion, Patterson-UTI Energy Inc. posted a movement of -31.28% for the period of last 100 days, recording 3,135,774 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 0.56 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.56.
Patterson-UTI Energy Inc. (PTEN): Technical Analysis
Raw Stochastic average of Patterson-UTI Energy Inc. in the period of last 50 days is set at 0.08%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 0.10%. In the last 20 days, the company’s Stochastic %K was 0.65% and its Stochastic %D was recorded 4.61%.
Let’s take a glance in the erstwhile performances of Patterson-UTI Energy Inc., 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 53.73%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -15.26%, alongside a boost of 63.40% for the period of the last 12 months. The shares increased approximately by -11.45% in the 7-day charts and went up by -18.51% in the period of the last 30 days. Common stock shares were lifted by -10.72% during last recorded quarter.