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Patterson-UTI Energy, Inc. (PTEN)

10.69   -0.01 (-0.09%) 03-24 11:54
Open: 10.41 Pre. Close: 10.7
High: 10.71 Low: 10.4
Volume: 1,055,168 Market Cap: 2,284(M)

Technical analysis

as of: 2023-03-24 10:46:42 AM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 15.74     One year: 17.97
Support: Support1: 10.39    Support2: 8.65
Resistance: Resistance1: 13.48    Resistance2: 15.39
Pivot: 12.44
Moving Average: MA(5): 11.16     MA(20): 12.92
MA(100): 15.95     MA(250): 15.62
MACD: MACD(12,26): -1.1     Signal(9): -1
Stochastic oscillator: %K(14,3): 2.1     %D(3): 6.2
RSI: RSI(14): 26.2
52-week: High: 20.53  Low: 10.39
Average Vol(K): 3-Month: 3,428 (K)  10-Days: 4,676 (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 below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ PTEN ] has closed above bottom band by 16.8%. Bollinger Bands are 75.7% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 6 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 11.32 - 11.4 11.4 - 11.46
Low: 10.45 - 10.52 10.52 - 10.58
Close: 10.6 - 10.71 10.71 - 10.81

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

Fri, 24 Mar 2023
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Shares Bought by Bank ... - MarketBeat

Thu, 23 Mar 2023
Patterson-UTI Energy (PTEN) Passes Through 3% Yield Mark - Nasdaq

Thu, 23 Mar 2023
Yousif Capital Management LLC Decreases Stake in Patterson-UTI ... - MarketBeat

Wed, 22 Mar 2023
Are Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Mixed Financials Driving The Negative Sentiment? - Yahoo Eurosport UK

Mon, 20 Mar 2023
Is Patterson-UTI Energy, Inc. (PTEN) Stock a Smart Value? - InvestorsObserver

Thu, 16 Mar 2023
Is Patterson-UTI Energy, Inc. (PTEN) Stock About to Get Hot Thursday? - InvestorsObserver

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. 217 (M)
Shares Float 0 (M)
% Held by Insiders 2 (%)
% Held by Institutions 100.4 (%)
Shares Short 12,250 (K)
Shares Short P.Month 8,660 (K)

Stock Financials

EPS -2.54
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 10.73
Profit Margin (%) 5.8
Operating Margin (%) 8
Return on Assets (ttm) 0
Return on Equity (ttm) 9.5
Qtrly Rev. Growth 69
Gross Profit (p.s.) 3.69
Sales Per Share 12.22
EBITDA (p.s.) 3.2
Qtrly Earnings Growth 0
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio -4.17
PEG Ratio -0.4
Price to Book value 0.98
Price to Sales 0.86
Price to Cash Flow 0

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-12-15
Ex-Dividend Date 2021-11-30
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