Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Patterson-UTI Energy Inc’s current trading price is -37.62% away from its 52-week high, while its distance from the 52-week low is 4.24%. The stock’s price range during this period has varied between $9.68 and $16.17. The company, active in the Energy sector, saw a trading volume of around 5.14 million for the day, considerably lower average daily volume of 6.85 million observed over the last three months.
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 $9.68, recorded on 06/17/24.
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How Financial Performance Impacts Market Capitalization
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly decline of -14.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.05B and boasts a workforce of 10600 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.16, with a change in price of -0.47. Similarly, Patterson-UTI Energy Inc recorded 6,930,397 in trading volume during the last 100 days, posting a change of -4.45%.
How PTEN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
As of today, the raw stochastic average of Patterson-UTI Energy Inc over the past 50 days is 20.35%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 30.37%. Additionally, the Stochastic %K and %D values for the company were 38.55% and 37.91%, respectively, over the past 20 days.
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. The metric has seen a significant loss of -6.57% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -7.18%. Over the past 30 days, the price of PTEN has leaped by -4.63%. And in the last five days, it has fallen by -2.61%.
