The price of Patterson-UTI Energy Inc (NASDAQ:PTEN) shares last traded on Wall Street fell -1.09% to $7.26.
PTEN stock price is now -9.64% away from the 50-day moving average and -24.84% away from the 200-day moving average. The market capitalization of the company currently stands at $2.83B.
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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, JCS Partners LP, Director bought 80,000 shares of the company’s stock on Dec 18 ’24. The stock was bought for $600,000 at an average price of $7.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, President-Completions Gillard Matthew sold 60,000 shares of the business’s stock. A total of $592,200 was realized by selling the stock at an average price of $9.87. This leaves the insider owning 114,692 shares of the company worth $0.83 million. 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 $7.18 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 $8.0536 and a two-hundred day moving average price translates $9.68115 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.
