The price of Patterson-UTI Energy Inc (NASDAQ:PTEN) shares last traded on Wall Street rose 5.03% to $7.51.
PTEN stock price is now -10.77% away from the 50-day moving average and -15.10% away from the 200-day moving average. The market capitalization of the company currently stands at $2.90B.
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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, JCS Partners LP, Director bought 192,000 shares of the company’s stock on Mar 07 ’25. The stock was bought for $1,415,000 at an average price of $7.37. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, Director James Stewart bought 48,149 shares of the business’s stock. A total of $340,000 was incurred on buying the stock at an average price of $7.06. A total of 9.86% of the company’s stock is owned by insiders.
During the past 12 months, Patterson-UTI Energy Inc has had a low of $7.03 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 1.54, and a quick ratio of 1.34.
The net profit margin was -18.00% and return on equity was -23.39% 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 $1.18B in revenue.
