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Patterson-UTI Energy, Inc. (PTEN)

13.84   -0.72 (-4.95%) 09-29 16:00
Open: 14.57 Pre. Close: 14.56
High: 14.59 Low: 13.705
Volume: 6,452,609 Market Cap: 5,745(M)

Technical analysis

as of: 2023-09-29 4:29:50 PM
Short-term rate:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Mid-term rate:       
Target: Six months: 17.79     One year: 18.89
Support: Support1: 13.7    Support2: 11.4
Resistance: Resistance1: 15.23    Resistance2: 16.18
Pivot: 15
Moving Average: MA(5): 14.5     MA(20): 14.92
MA(100): 13.29     MA(250): 14.26
MACD: MACD(12,26): -0.1     Signal(9): 0
Stochastic oscillator: %K(14,3): 24.5     %D(3): 27.9
RSI: RSI(14): 39.5
52-week: High: 19.8  Low: 9.69
Average Vol(K): 3-Month: 5,062 (K)  10-Days: 4,963 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ PTEN ] has closed above bottom band by 0.5%. Bollinger Bands are 14.6% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 14.61 - 14.7 14.7 - 14.76
Low: 13.5 - 13.61 13.61 - 13.68
Close: 13.7 - 13.86 13.86 - 13.97

Company Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

Headline News

Sun, 01 Oct 2023
Patterson-UTI Energy Receives 'Moderate Buy' Rating from Analysts ... - Best Stocks

Sat, 30 Sep 2023
Insider Selling: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) CFO ... - MarketBeat

Fri, 29 Sep 2023
Title Overview of a Block Trade Private Negotiation of Securities ... - Best Stocks

Thu, 28 Sep 2023
Is Patterson-UTI Energy (PTEN) Too Good to Be True? A ... -

Thu, 28 Sep 2023
With 53% ownership, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) boasts of strong institutional backing - Yahoo Finance

Wed, 27 Sep 2023
Why Helmerich & Payne Inc's Stock Skyrocketed 30% in a Quarter: A ... -

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Energy
Industry:  Oil & Gas Drilling
Shares Out. 415 (M)
Shares Float 187 (M)
% Held by Insiders 2.3 (%)
% Held by Institutions 104.2 (%)
Shares Short 18,400 (K)
Shares Short P.Month 11,420 (K)

Stock Financials

EPS 1.6
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 8.27
Profit Margin (%) 11.2
Operating Margin (%) 13.9
Return on Assets (ttm) 8.8
Return on Equity (ttm) 20.9
Qtrly Rev. Growth 22
Gross Profit (p.s.) 1.92
Sales Per Share 7.39
EBITDA (p.s.) 2.23
Qtrly Earnings Growth 300
Operating Cash Flow 878 (M)
Levered Free Cash Flow 224 (M)

Stock Valuations

PE Ratio 8.64
PEG Ratio 0.1
Price to Book value 1.67
Price to Sales 1.87
Price to Cash Flow 6.54

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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