Patterson-UTI Energy Inc (NASDAQ:PTEN) price is hovering higher on Wednesday, April 17, jumping 1.50% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $11.33. The company’s P/E ratio in the trailing 12-month period read 11.33. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.17 and 52-week low of $9.70. The stock subtracted -1.29% on its value in the past month.
Patterson-UTI Energy Inc, which has a market valuation of $4.69 billion. The company stock has a Forward Dividend ratio of 0.32, while the dividend yield is 2.78%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PTEN a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.25. The overview shows that PTEN’s price is at present -3.33% off the SMA20 and -0.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.98, with weekly volatility standing at 3.34%. The indicator jumps to 3.34% when calculated based on the past 30 days. Patterson-UTI Energy Inc (NASDAQ:PTEN)’s beta value is holding at 2.23, while the average true range (ATR) indicator is currently reading 0.41.
An analysis of the Patterson-UTI Energy Inc (NASDAQ:PTEN) stock in terms of its daily trading volume indicates that the 3-month average is 6.66 million.
Current records show that the company has 411.20M in outstanding shares. The insiders’ percentage holdings are 12.63% of outstanding shares while the percentage share held by institutions stands at 86.43%. But the 6.48% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
