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 -29.95% away from its 52-week high, while its distance from the 52-week low is 16.80%. 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 5.05 million for the day, a number notably lower than the average daily volume of 6.65 million over the last three months.
Patterson-UTI Energy Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $16.17 on 09/14/23, while the lowest price for the same period was registered at $9.70 on 05/31/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly rise of 12.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.62B 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 11.25, with a change in price of -0.69. Similarly, Patterson-UTI Energy Inc recorded 6,576,165 in trading volume during the last 100 days, posting a change of -5.74%.
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
Patterson-UTI Energy Inc’s raw stochastic average for the past 50 days is presently 49.91%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 11.41%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 12.89% and 27.65%, 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 index has shown a price gain of 4.91% this year. Over the last six months, there has been a stronger performance of -17.78%. The price of PTEN leaped by -1.82% during the last 30 days period. For the last 5-days stocks have slided -5.74%.
