The price of Patterson-UTI Energy Inc (NASDAQ:PTEN) shares last traded on Wall Street fell -0.17% to $5.92.
PTEN stock price is now -1.74% away from the 50-day moving average and -20.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.29B.
With the price target of $7, Piper Sandler recently initiated with Neutral rating for Patterson-UTI Energy Inc (NASDAQ: PTEN). On May 19, 2025, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $6.50, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
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 $5.48 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 $5.92 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 $6.0258 and a two-hundred day moving average price translates $7.4325 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.
