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 -46.61% away from its 52-week high, while its distance from the 52-week low is 15.43%. The stock’s price range for this period has been between $5.12 and $11.07 The company’s shares, which are part of the Energy sector, had a trading volume of approximately 3.23 million for the day, a number notably lower than the average daily volume of 12.7 million over the last three months.
The present stock price for Patterson-UTI Energy Inc (PTEN) is $5.91. In the last trading session, the stock made a considerable jump, reaching $12.0 after an opening price of $5.88. The stock briefly fell to $6.25 before ending the session at $5.83.
Patterson-UTI Energy Inc saw a rather unpredictable run in, in terms of market performance.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly rise of 0.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.28B and boasts a workforce of 9200 employees.
Patterson-UTI Energy Inc: What Analysts Are Saying
As of right now, 6 analysts are rating Patterson-UTI Energy Inc as a BUY, 4 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.49, with a change in price of -2.03. Similarly, Patterson-UTI Energy Inc recorded 12,805,683 in trading volume during the last 100 days, posting a change of -25.70%.
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 0.38. Similarly, the long-term debt-to-equity ratio is also 0.37.
PTEN Stock Stochastic Average
As of today, Patterson-UTI Energy Inc’s raw stochastic average for the last 50 days stands at 36.30%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 19.61%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 20.59% and 25.05%, respectively.
PTEN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -44.82% this year. Over the last six months, there has been a stronger performance of -36.38%. The price of PTEN leaped by -6.93% during the last 30 days period. For the last 5-days stocks have slided -0.34%.
