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 -50.23%. However, over the last six months, the performance has been stronger by -32.22%. The price of PTEN decreased -13.31% over the last 30 days. And in the last five days, it has fallen by -12.34%.
Patterson-UTI Energy Inc (PTEN) stock is currently valued at $5.47. During the last session, the stock experienced a remarkable rise, reaching $10.0 after opening at $5.47. The stock briefly dropped to $6.25 before ultimately closing at $5.54.
Patterson-UTI Energy Inc experienced a somewhat shaky performance in the stock market.
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 -45.25% away from its 52-week high, while its distance from the 52-week low is 6.84%. The stock’s price range during this period has varied between$5.12 and $9.99. The Patterson-UTI Energy Inc’s shares, which operate in the Energy, saw a trading volume of around 7.73 million for the day, a figure considerably lower than their average daily volume of 11.95 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Patterson-UTI Energy Inc (PTEN) has experienced a quarterly decline of -9.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.11B and boasts a workforce of 9200 employees.
Patterson-UTI Energy Inc: Analysts’ Ratings Unveiled
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.
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 6.35, with a change in price of -2.33. Similarly, Patterson-UTI Energy Inc recorded 12,514,380 in trading volume during the last 100 days, posting a change of -29.87%.
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 0.39. Similarly, the long-term debt-to-equity ratio is also 0.38.
PTEN Stock Stochastic Average
As of today, Patterson-UTI Energy Inc’s raw stochastic average for the last 50 days stands at 6.72%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 3.94%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 9.10% and 23.73%, respectively.
