Patterson-UTI Energy Inc (NASDAQ:PTEN) shares traded 0.42% higher at $5.91 on Wall Street last session.
PTEN stock price is now -0.58% away from the 50-day moving average and -21.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.28B.
With the price target maintained at $6.50, Citigroup recently Downgraded its rating from Buy to Neutral for Patterson-UTI Energy Inc (NASDAQ: PTEN). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, STEWART JAMES CARL, Director sold 74,500 shares of the company’s stock on Jun 02 ’25. The stock was sold for $410,495 at an average price of $5.51. Upon completion of the transaction, the Director now directly owns 925,254 shares in the company, valued at $5.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’25, Director STEWART JAMES CARL sold 5,500 shares of the business’s stock. A total of $32,890 was realized by selling the stock at an average price of $5.98. This leaves the insider owning 999,754 shares of the company worth $5.91 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 $11.27. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.61, and a quick ratio of 1.40. The fifty day moving average price for PTEN is $5.9444 and a two-hundred day moving average price translates $7.52385 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 $1.28 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.22 percent.
