Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Patterson-UTI Energy Inc’s current trading price is -25.69% away from its 52-week high, while its distance from the 52-week low is 23.92%. The stock’s price range over this period has fluctuated between $9.70 and $16.17. The company, operating within the financial sector, had a trading volume of approximately 3.78 million for the day, which was noticeably lower than the average daily share volume of 6.81 million over the last 3 months.
Patterson-UTI Energy Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $16.17 on 09/14/23 and a low of $9.70 for the same time frame on 05/31/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly rise of 14.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.91B and boasts a workforce of 10600 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.26, with a change in price of -0.11. Similarly, Patterson-UTI Energy Inc recorded 6,793,006 in trading volume during the last 100 days, posting a change of -0.91%.
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 0.27.
PTEN Stock Stochastic Average
Today’s raw stochastic average for Patterson-UTI Energy Inc over the last 50 days is 76.09%.This indicates a increase from the raw stochastic average of the past 20 days, which was 60.50%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 75.09% and 82.77%, respectively.
PTEN Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 11.30% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -2.44%. Over the past 30 days, the price of PTEN has fallen by 0.08%. And in the last five days, it has surged by 0.84%.
