Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -33.15%. However, over the last six months, the performance has been stronger by -26.77%. The price of PTEN decreased -10.20% over the last 30 days. And in the last five days, it has fallen by -7.91%.
Patterson-UTI Energy Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $12.65 on 04/08/24, while the lowest price for the same period was registered at $7.38 on 12/17/24.
52-week price history of PTEN Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Patterson-UTI Energy Inc’s current trading price is -42.92% away from its 52-week high, while its distance from the 52-week low is -2.10%. The stock’s price range during this period has varied between$7.38 and $12.65. The Patterson-UTI Energy Inc’s shares, which operate in the Energy, saw a trading volume of around 2.81 million for the day, a figure considerably lower than their average daily volume of 8.37 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly decline of -12.27% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.82B and boasts a workforce of 10600 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.39, with a change in price of -3.22. Similarly, Patterson-UTI Energy Inc recorded 7,598,814 in trading volume during the last 100 days, posting a change of -30.82%.
PTEN’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PTEN stands at 0.37. Similarly, the long-term debt-to-equity ratio is also 0.36.
PTEN Stock Stochastic Average
As of today, Patterson-UTI Energy Inc’s raw stochastic average for the last 50 days stands at 1.17%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 1.17%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 10.17% and 15.02%, respectively.
