Patterson-UTI Energy Inc. (NASDAQ:PTEN)

Patterson-UTI Energy Inc. (NASDAQ:PTEN)

In September, it entered into an agreement to acquire Calgary-based drilling technology company Warrior Rig. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company's drilling contract operations, the oil & natural gas operations are no longer material to the Company's overall operations. Patterson-UTI Energy has a 1-year low of $10.94 and a 1-year high of $29.38. A lower value may represent larger traded value meaning more sell-side analysts may track the company leading to a smaller chance shares are priced incorrectly.

TECK stock's price is now -13.72% down from its 52-week high and +799.56% up from its 52-week low. PTEN Senior Vice President BERNS KENNETH N also sold 85,000 shares, at a stock price of $33.62. PTEN stock has a market capitalization of $4.34 Billion. Therefore, the stated figure displays a quarterly performance of 42.11% and year to date performance of 496.60%.

The firm is trading with SMA20 of 12.48 Percent, SMA50 of 19.45 Percent and SMA200 of 41.26 percent. Analysts had expected Patterson-UTI Energy, Inc. Considering the earnings reaction history, The Company has topped 58% percentage.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings results on Thursday, October 27th.

A gap is a change in price levels of a stock between the close of one session and the opening of the next one. Finally, Macquarie lowered shares of Patterson-UTI Energy from a "neutral" rating to an "underperform" rating and set a $14.00 target price on the stock.in a research report on Tuesday, August 9th. It implies ~13% downside at its median price. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, gold, and metal jewelry. "Their contributions will allow us to further capitalize on the shifting industry fundamentals in the USA oil and gas market, where customers are increasingly-focused on efficiency and high-quality execution", Patterson-UTI CEO Andy Hendricks said in a statement.

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The company's ATR (Average True Range) is 0.38.

The consensus recommendation, according to Zacks Investment research, is 2.09. The company has an Average Rating of 2.06 based on Thomson Reuters I/B/E/S scale of 1-5.

The Stock fell -0.39% and closed its last trading session at $84.69. The insider owns 947,246 shares which have current market value of around $27157542.82.John E. Vollmer, III is another major inside shareholder in the company. The firm touched its 52-Week high on Dec 8, 2016 and 52-Week low on Jun 27, 2016. They give the company shares an ABR of 2.09. Commonwealth Equity Services Inc now owns 12,932 shares of the company's stock valued at $276,000 after buying an additional 150 shares during the period.

For the ongoing Fiscal Quarter, 29 analysts have an average earnings forecast of $-0.56 per share. The difference between the actual and Estimated EPS is $0.09. Patterson-UTI Energy's revenue for the quarter was down 51.2% compared to the same quarter past year. The Weekly Volatility is 5.51 percent and the Monthly Volatility is 6.77 percent.

Patterson-UTI Energy, Inc. has a 50 day moving average of 24.24 and a 200 day moving average of 21.47. In terms of profitability, one point was given if there was a positive return on assets in the current year, one point if operating cash flow was positive in the current year, one point for higher ROA in the current period compared to ROA for the previous year, and one point for cash flow from operations greater than ROA.

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