In Tuesday’s Wall Street session, Patterson-UTI Energy Inc (NASDAQ:PTEN) shares traded at $5.95, down -1.00% from the previous session.
PTEN stock price is now -18.82% away from the 50-day moving average and -27.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
On December 13, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $11 to quote $10, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, Hendricks William Andrew JR, President & CEO bought 25,000 shares of the company’s stock on Mar 12 ’25. The stock was bought for $197,000 at an average price of $7.88. Upon completion of the transaction, the President & CEO now directly owns 2,482,592 shares in the company, valued at $14.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, Director STEWART JAMES CARL sold 192,000 shares of the business’s stock. A total of $1,422,720 was realized by selling the stock at an average price of $7.41. This leaves the insider owning 1,005,254 shares of the company worth $5.98 million. A total of 9.90% of the company’s stock is owned by insiders.
During the past 12 months, Patterson-UTI Energy Inc has had a low of $5.12 and a high of $11.69. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.61, and a quick ratio of 1.40. The fifty day moving average price for PTEN is $7.329 and a two-hundred day moving average price translates $8.25295 for the stock.
The latest earnings results from Patterson-UTI Energy Inc (NASDAQ: PTEN) was released for 2025-03-31. The net profit margin was -19.78% and return on equity was -24.93% for PTEN. The company reported revenue of $1.16 billion for the quarter, compared to $1.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.65 percent. For the current quarter, analysts expect PTEN to generate $1.24B in revenue.
