The market performance of Patterson-UTI Energy Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $16.17 on 09/14/23, with the lowest value for the same timeframe being $9.70, recorded on 05/31/23.
52-week price history of PTEN Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Patterson-UTI Energy Inc’s current trading price is -26.92% away from its 52-week high, while its distance from the 52-week low is 21.86%. The stock’s price range during this period has fluctuated between $9.70 and $16.17. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 1.92 million for the day, which was evidently lower than the average daily volume of 6.73 million over the last three months.
Financial Performance and Market Capitalization
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly rise of 8.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.82B and boasts a workforce of 10600 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.45, with a change in price of -2.09. Similarly, Patterson-UTI Energy Inc recorded 6,680,241 in trading volume during the last 100 days, posting a change of -14.95%.
PTEN Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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 0.27.
PTEN Stock Stochastic Average
Patterson-UTI Energy Inc’s raw stochastic average for the past 50 days is currently at 82.12%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 79.91%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 83.80% and 85.55%, respectively.
PTEN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 9.44%.However, over the last six months, we can see a stronger performance of -21.51%. Over the last 30 days, the price of PTEN has fallen by 12.57%. And in the last five days, it has surged by 2.25%.
