The stock of Patterson-UTI Energy Inc (NASDAQ:PTEN) last traded at $5.78, up 1.05% from the previous session.
PTEN stock price is now -11.61% away from the 50-day moving average and -26.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2.23B.
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 5,500 shares of the company’s stock on May 09 ’25. The stock was sold for $32,890 at an average price of $5.98. Upon completion of the transaction, the Director now directly owns 999,754 shares in the company, valued at $5.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’25, Director JCS Partners LP bought 80,000 shares of the business’s stock. A total of $480,000 was incurred on buying the stock at an average price of $6.00. A total of 9.91% 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 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. For the current quarter, analysts expect PTEN to generate $1.24B in revenue.
