Patterson-UTI Energy Inc [NASDAQ: PTEN] price plunged by -2.95 percent to reach at -$0.18.
The one-year PTEN stock forecast points to a potential upside of 33.07. The average equity rating for PTEN stock is currently 1.88, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Patterson-UTI Energy Inc [PTEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PTEN shares is $8.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PTEN stock is a recommendation set at 1.88. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Patterson-UTI Energy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 19, 2025. The new note on the price target was released on January 06, 2025, representing the official price target for Patterson-UTI Energy Inc stock. Previously, the target price had yet another drop from $11 to $10, while Goldman kept a Buy rating on PTEN stock.
The Average True Range (ATR) for Patterson-UTI Energy Inc is set at 0.36, with the Price to Sales ratio for PTEN stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for PTEN in the course of the last twelve months was 5.66 with Quick ratio for the last quarter at 1.40.
PTEN Stock Performance Analysis:
Patterson-UTI Energy Inc [PTEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.17. With this latest performance, PTEN shares dropped by -2.31% in over the last four-week period, additionally sinking by -29.15% over the last 6 months – not to mention a drop of -46.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PTEN stock in for the last two-week period is set at 44.60, with the RSI for the last a single of trading hit 45.14, and the three-weeks RSI is set at 43.74 for Patterson-UTI Energy Inc [PTEN]. The present Moving Average for the last 50 days of trading for this stock 6.74, while it was recorded at 6.16 for the last single week of trading, and 7.94 for the last 200 days.
Insight into Patterson-UTI Energy Inc Fundamentals:
Patterson-UTI Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.61.
Patterson-UTI Energy Inc [PTEN] Institutonal Ownership Details
The top three institutional holders of PTEN stocks are: BLACKROCK INC. with ownership of 57.44 million shares, which is approximately 14.3767%. VANGUARD GROUP INC, holding 45.15 million shares of the stock with an approximate value of $$467.77 million in PTEN stocks shares; and VANGUARD GROUP INC, currently with $$297.55 million in PTEN stock with ownership which is approximately 7.1882%.
