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 -35.89% away from its 52-week high, while its distance from the 52-week low is 13.43%. The stock’s price range during this period has varied between $7.15 and $12.65. The company, active in the Energy sector, saw a trading volume of around 9.23 million for the day, considerably higher average daily volume of 8.94 million observed over the last three months.
Patterson-UTI Energy Inc’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $12.65 on 04/08/24, with the lowest value being $7.15 on 12/20/24.
How Financial Performance Impacts Market Capitalization
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly rise of 6.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.17B 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 8.22, with a change in price of -0.54. Similarly, Patterson-UTI Energy Inc recorded 8,014,231 in trading volume during the last 100 days, posting a change of -6.24%.
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 0.37. Similarly, the long-term debt-to-equity ratio is also 0.36.
PTEN Stock Stochastic Average
As of today, the raw stochastic average of Patterson-UTI Energy Inc over the last 50 days is at 54.55%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 74.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 55.46% and 44.85%, respectively.
PTEN Stock Price Performance Analysis
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. The index has shown a price loss of -24.91% this year. Over the last six months, there has been a stronger performance of -19.62%. The price of PTEN leaped by -4.14% during the last 30 days period. For the last 5-days stocks have improved 5.60%.
