In yesterday’s Wall Street session, Patterson-UTI Energy Inc (NASDAQ:PTEN) shares traded at $7.52, down -2.08% from the previous session.
PTEN stock price is now -5.96% away from the 50-day moving average and -21.61% away from the 200-day moving average. The market capitalization of the company currently stands at $3.09B.
With the price target reduced from $11 to $10, Goldman Upgraded its rating from Neutral to Buy for Patterson-UTI Energy Inc (NASDAQ: PTEN). , while ‘Goldman’ rates the stock as ‘Neutral’
In other news, STEWART JAMES CARL, Director sold 80,000 shares of the company’s stock on Dec 18 ’24. The stock was sold for $588,800 at an average price of $7.36. Upon completion of the transaction, the Director now directly owns 32,438 shares in the company, valued at $0.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Director JCS Partners LP bought 80,000 shares of the business’s stock. A total of $600,000 was incurred on buying the stock at an average price of $7.50. A total of 9.88% of the company’s stock is owned by insiders.
During the past 12 months, Patterson-UTI Energy Inc has had a low of $7.15 and a high of $12.65. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.52, and a quick ratio of 1.32. The fifty day moving average price for PTEN is $8.0122 and a two-hundred day moving average price translates $9.61575 for the stock.
The latest earnings results from Patterson-UTI Energy Inc (NASDAQ: PTEN) was released for 2024-09-30. The net profit margin was -14.73% and return on equity was -20.31% for PTEN. The company reported revenue of $1.36 billion for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.19 percent.
