Patterson-UTI Energy Inc’s recent filing unveils that its Director STEWART JAMES CARL unloaded Company’s shares for reported $1.42 million on Mar 07 ’25. In the deal valued at $7.41 per share,192,000 shares were sold. As a result of this transaction, STEWART JAMES CARL now holds 1,005,254 shares worth roughly $7.84 million.
Then, STEWART JAMES CARL sold 48,149 shares, generating $357,266 in total proceeds. Upon selling the shares at $7.42, the Director now owns 85,475 shares.
Before that, JCS Partners LP bought 192,000 shares. Patterson-UTI Energy Inc shares valued at $1,415,000 were divested by the Director at a price of $7.37 per share.
Raymond James downgraded its Patterson-UTI Energy Inc [PTEN] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. The Benchmark Company also remained covering PTEN and has decreased its forecast on January 16, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman started covering the stock on December 19, 2023. It rated PTEN as “a Neutral”.
Price Performance Review of PTEN
On Tuesday, Patterson-UTI Energy Inc [NASDAQ:PTEN] saw its stock jump 5.69% to $7.80. Over the last five days, the stock has gained 3.86%. Patterson-UTI Energy Inc shares have fallen nearly -5.57% since the year began. Nevertheless, the stocks have fallen -35.54% over the past one year. While a 52-week high of $12.65 was reached on 01/17/25, a 52-week low of $7.03 was recorded on 03/06/25. SMA at 50 days reached $8.42, while 200 days put it at $8.81.
Levels Of Support And Resistance For PTEN Stock
The 24-hour chart illustrates a support level at 7.53, which if violated will result in even more drops to 7.27. On the upside, there is a resistance level at 7.94. A further resistance level may holdings at 8.09. The Relative Strength Index (RSI) on the 14-day chart is 45.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.60%. Stochastics %K at 25.41% indicates the stock is a holding.
