Patterson-UTI Energy Inc. (PTEN) Closed at $20.19

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Simple Moving Averages

Before looking at the financial values or the trading statistics of Patterson-UTI Energy Inc. (PTEN), we will start our analysis with the SMA or Simple Moving Average values.

The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages. For our stock under consideration here, Patterson-UTI Energy Inc. (PTEN) has distance from 20 Day SMA is -0.41% while its distance from 50 day SMA is -4.7%. PTEN’s distance from 200 Day SMA is -16.48%.

While looking at the SMA values of Patterson-UTI Energy Inc. (PTEN), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The 200 SMA is considered so critically important a trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a death cross, signaling a serious bear market in a stock, index or other investment.

Last Trading Day Performance

On the last trading day, Patterson-UTI Energy Inc. (PTEN) gained 0.35% closing at the price of $20.19 while the previous close of PTEN was $20.12.

Patterson-UTI Energy Inc. (PTEN) traded with the volume of 3.44 Million shares while its average 3 months volume is at 4740 shares.

Patterson-UTI Energy Inc. (PTEN) has a market capitalization of 4.26 Billion while its Major Index membership is at 0.

Key Indicators

Shares of Patterson-UTI Energy Inc. (PTEN) touched the day high at $20.47 while its day Low was at $19.97. In contrast, PTEN’s 52 week high hovers at $29.76 with its current distance from 52 week high value is -32.16%. Patterson-UTI Energy Inc. (PTEN) 52 week low value is at $17.61 and its current distance from 52 week low value is 14.65%.

Volatility of the shares is also to be considered while making the investment decisions. As volatility place a very vital role in identifying the risk involved in the particular case. In our current pick, Patterson-UTI Energy Inc. (PTEN) has weekly volatility of 2.76%% while its monthly volatility value is at 3.91%%.

Another indicator of risk for a particular security is “Beta”. A beta approximates the overall volatility of a security’s returns against the returns of a relevant benchmark (usually the S&P 500 is used). Currently Patterson-UTI Energy Inc. (PTEN) has beta value of 0.96. This Beta value of Patterson-UTI Energy Inc. (PTEN) shows that it has historically moved 96% for every 100% move in the benchmark.

Financial Ratios

For making investment decisions, financial ratios play a vital role. There is a large variety of financial ratios that can be considered while making an investment decision but here in the case of Patterson-UTI Energy Inc. (PTEN), we will discuss a few.

Annual Dividend Yield of Patterson-UTI Energy Inc. (PTEN) stands at 0.4%.

Price to Earning P/E ratio and Forward P/E stand at 0 and 0 respectively.

Patterson-UTI Energy Inc.’s Quick Ratio shows the value of 2.4.

Debt to Equity ratio stands at 0 while Long Term Debt To Equity Ratio flashes the value of 0.22.