Patterson-UTI Energy Inc [PTEN] stock is trading at $7.80, up 5.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The PTEN shares have gain 3.86% over the last week, with a monthly amount drifted -9.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Patterson-UTI Energy Inc [NASDAQ: PTEN] stock has seen the most recent analyst activity on January 06, 2025, when Raymond James downgraded its rating to a Mkt Perform. Previously, Goldman upgraded its rating to Buy on December 13, 2024, and dropped its price target to $10. On January 16, 2024, downgrade downgraded it’s rating to Hold. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $12 on December 19, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $17 on October 17, 2023. BofA Securities upgraded its rating to Buy for this stock on October 16, 2023, and upped its price target to $16. In a note dated October 09, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $15 to $18.
Patterson-UTI Energy Inc [PTEN] stock has fluctuated between $7.03 and $12.65 over the past year. Currently, Wall Street analysts expect the stock to reach $11.83 within the next 12 months. Patterson-UTI Energy Inc [NASDAQ: PTEN] shares were valued at $7.80 at the most recent close of the market. An investor can expect a potential return of 51.67% based on the average PTEN price forecast.
Analyzing the PTEN fundamentals
Patterson-UTI Energy Inc [NASDAQ:PTEN] reported sales of 5.38B for the trailing twelve months, which represents a drop of -26.65%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.24 and Total Capital is -0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.53 points at the first support level, and at 7.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.94, and for the 2nd resistance point, it is at 8.09.
Ratios To Look Out For
For context, Patterson-UTI Energy Inc’s Current Ratio is 1.54. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 0.87.
Transactions by insiders
Recent insider trading involved STEWART JAMES CARL, Director, that happened on Mar 07 ’25 when 0.19 million shares were sold. Director, STEWART JAMES CARL completed a deal on Mar 07 ’25 to sell 48149.0 shares. Meanwhile, Director JCS Partners LP bought 0.19 million shares on Mar 07 ’25.
