Patterson-UTI Energy Inc [PTEN] stock prices are up 2.15% to $8.56 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PTEN shares have lost -0.12% over the last week, with a monthly amount glided 13.98%, and 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.
The stock price of Patterson-UTI Energy Inc [PTEN] has been fluctuating between $7.03 and $12.65 over the past year. Currently, Wall Street analysts expect the stock to reach $11.13 within the next 12 months. Patterson-UTI Energy Inc [NASDAQ: PTEN] shares were valued at $8.56 at the most recent close of the market. An investor can expect a potential return of 30.02% based on the average PTEN price forecast.
Analyzing the PTEN fundamentals
The Patterson-UTI Energy Inc [NASDAQ:PTEN] reported sales of 5.38B for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 8.28 points at the first support level, and at 8.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.72, and for the 2nd resistance point, it is at 8.88.
Ratios To Look Out For
It’s worth pointing out that Patterson-UTI Energy Inc [NASDAQ:PTEN]’s Current Ratio is 1.54. In addition, the Quick Ratio stands at 1.34 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved Hendricks William Andrew JR, President & CEO, that happened on Mar 12 ’25 when 25000.0 shares were purchased. Director, STEWART JAMES CARL completed a deal on Mar 07 ’25 to sell 0.19 million shares. Meanwhile, Director STEWART JAMES CARL sold 48149.0 shares on Mar 07 ’25.
