Patterson-UTI Energy, Inc. (NASDAQ:PTEN) traded at $3.46 at last check on Monday, Jun 29, making a downturn move of -3.08% on its previous day’s price.
Looking at the stock we see that its previous close was $3.57 and the beta (5Y monthly) reads 2.71 with the day’s price range being $3.3600 – 3.6950. In terms of its 52-week price range, PTEN has a high of $12.05 and a low of $1.61. The company’s stock has gained about -6.23% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PTEN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 25 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 15 have rated the Patterson-UTI Energy, Inc. (PTEN) stock as a Hold, while 4 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 5 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PTEN stock currently stands at 0, and the current price level is -24.03% off its SMA20 and -7.81% from its 50-day simple moving average. The RSI (14) is pointing at 40.03 while the volatility over the past week is 11.09% and jumps to 11.89% over the past one month. The beta value is 2.71, while the average true range (ATR) is currently pointing at 0.5. The average price target for the stock over the next 12 months is $3.19, with the estimates having a low of $1 and a high of $6. These price ends are -71.1% and +73.41% off the current price level respectively, although investors could be excited at the prospect of a -13.29% if the PTEN share price touches on the median price of $3.
Let’s briefly compare Patterson-UTI (PTEN) stock to its peers. We find that today’s price change of -3.08% and -69.94% over the past 12 months for PTEN competes that of Helmerich & Payne (HP), which has seen its stock price rise 2.9% in the latest trading session and is -62.17% over the last one year. Another of its peers Transocean Inc (RIG) has dropped 0% today, but is -72.23% down over the past year, while Nabors Industries (NBR) is also down -3.08% yet its price remains in the red at -69.94% over the same period. Helmerich has a P/E ratio of 0 compared to Patterson-UTI’s 0 and Transocean’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.