Patterson-UTI Energy (PTEN) Shares are Down -1.04%

Patterson-UTI Energy (PTEN) : During the past 4 weeks, traders have been relatively bearish on Patterson-UTI Energy (PTEN), hence the stock is down -8.8% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.57% relative to the S&P 500. The 4-week change in the price of the stock is -10.65% and the stock has fallen -1.04% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.39% and the 50-Day Moving Average is 5.57%.The 200 Day SMA reached 8.24% Patterson-UTI Energy Inc. has dropped 9.49% during the last 3-month period . Year-to-Date the stock performance stands at 26.67%.


Patterson-UTI Energy (PTEN) stock is expected to deviate a maximum of $4.96 from the average target price of $22.1 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $12.

Company shares have received an average consensus rating of Hold for the current week Patterson-UTI Energy (NASDAQ:PTEN): stock was range-bound between the intraday low of $18.64 and the intraday high of $19.07 after having opened at $18.71 on Fridays session. The stock finally closed in the red at $18.71, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 4,172,523 shares. The stock failed to cross $19.07 in Fridays trading. The stocks closing price on Thursday was $18.96.

Patterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling; Pressure Pumping, and Oil and Natural Gas. The Company markets its contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Companys Pressure Pumping segment provides pressure pumping services to oil and natural gas operators in Texas, Southwest Region and the Appalachian region, Northeast Region. The Companys Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner. The Companys oil and natural gas working interests are located in producing regions of Texas and New Mexico.

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