Patterson-UTI Energy Inc (PTEN) Stock: 52-Week Performance Insights and Trading Volume

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Patterson-UTI Energy Inc’s current trading price is -35.33% away from its 52-week high, while its distance from the 52-week low is 7.84%. The stock’s price range for this period has been between $9.70 and $16.17 The company’s shares, which are part of the Energy sector, had a trading volume of approximately 7.15 million for the day, a number notably higher than the average daily volume of 1.08 over the last three months.

In terms of market performance, Patterson-UTI Energy Inc had a fairly uneven. The highest value for the stock in the past year was $16.17 on 09/14/23, and the lowest value was recorded at $9.70 on 05/31/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Patterson-UTI Energy Inc (PTEN) has experienced a quarterly decline of -13.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.36B and boasts a workforce of Nov 30 2023 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 11.87, with a change in price of -4.69. Similarly, Patterson-UTI Energy Inc recorded 6,438,641 in trading volume during the last 100 days, posting a change of -30.96%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for PTEN stands at 0.28. Similarly, the long-term debt-to-equity ratio is also 0.26.

PTEN Stock Stochastic Average

As of today, Patterson-UTI Energy Inc’s raw stochastic average for the last 50 days stands at 29.67%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 38.32%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 42.34% and 45.03%, respectively.

PTEN Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant loss of -3.15% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -30.87%. Over the past 30 days, the price of PTEN has fallen by 2.55%. And in the last five days, it has surged by 3.05%.

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