Patterson-UTI Energy Inc (NASDAQ:PTEN) shares, rose in value on Wednesday, June 18, with the stock price down by -1.90% to the previous day’s close as strong demand from buyers drove the stock to $6.44.
Actively observing the price movement in the last trading, the stock closed the session at $6.57, falling within a range of $6.395 and $6.69. The value of beta (5-year monthly) was 1.32. Referring to stock’s 52-week performance, its high was $11.27, and the low was $5.12. On the whole, PTEN has fluctuated by 8.60% over the past month.
With the market capitalization of Patterson-UTI Energy Inc currently standing at about $2.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-23. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 4.97%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.9B, with a low estimate of 1.2B and a high estimate of 1.3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.24B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PTEN’s technical picture suggests that short-term indicators denote the stock is a 25% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PTEN currently trading nearly 8.63% and 8.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.63, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 2.56%. Furthermore, Patterson-UTI Energy Inc (PTEN)’s beta value is 1.32, and its average true range (ATR) is 0.30.
A comparison of Patterson-UTI Energy Inc (PTEN) with its peers suggests the former has fared considerably weaker in the market. PTEN showed an intraday change of -1.90% in last session, and over the past year, it shrunk by -34.49%%.
Data on historical trading for Patterson-UTI Energy Inc (NASDAQ:PTEN) indicates that the trading volumes over the past 10 days have averaged 11.32 and over the past 3 months, they’ve averaged 13.33 million. According to company’s latest data on outstanding shares, there are 385.98 million shares outstanding.
Nearly 9.90% of Patterson-UTI Energy Inc’s shares belong to company insiders and institutional investors own 97.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.9 million shares as on 2025-05-30, resulting in a short ratio of 2.64. According to the data, the short interest in Patterson-UTI Energy Inc (PTEN) stood at 1358.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 24.51 million. The stock has fallen by -22.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTEN stock heading into the next quarter.
