In a filing, Patterson-UTI Energy Inc revealed its President & CEO Hendricks William Andrew JR acquired Company’s shares for reported $0.2 million on Mar 12 ’25. In the deal valued at $7.88 per share,25,000 shares were bought. As a result of this transaction, Hendricks William Andrew JR now holds 2,482,592 shares worth roughly $19.51 million.
Then, STEWART JAMES CARL sold 192,000 shares, generating $1,422,720 in total proceeds. Upon selling the shares at $7.41, the Director now owns 1,005,254 shares.
Before that, STEWART JAMES CARL sold 48,149 shares. Patterson-UTI Energy Inc shares valued at $357,266 were divested by the Director at a price of $7.42 per share. As a result of the transaction, STEWART JAMES CARL now holds 85,475 shares, worth roughly $0.67 million.
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 Monday, Patterson-UTI Energy Inc [NASDAQ:PTEN] saw its stock fall -0.63% to $7.86. Over the last five days, the stock has gained 6.50%. Patterson-UTI Energy Inc shares have fallen nearly -4.84% since the year began. Nevertheless, the stocks have fallen -30.57% 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 $8.40, while 200 days put it at $8.75.
Levels Of Support And Resistance For PTEN Stock
The 24-hour chart illustrates a support level at 7.67, which if violated will result in even more drops to 7.48. On the upside, there is a resistance level at 8.04. A further resistance level may holdings at 8.22. The Relative Strength Index (RSI) on the 14-day chart is 47.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.76%. Stochastics %K at 52.64% indicates the stock is a holding.
How much short interest is there in Patterson-UTI Energy Inc?
A steep rise in short interest was recorded in Patterson-UTI Energy Inc stocks on 2025-02-28, growing by 2.57 million shares to a total of 26.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 23.68 million shares. There was a rise of 9.78%, which implies that there is a positive sentiment for the stock.
