Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Patterson-UTI Energy Inc shares valued at $32,890 were sold by STEWART JAMES CARL on May 09 ’25. At $5.98 per share, STEWART JAMES CARL sold 5,500 shares. The insider’s holdings dropped to 999,754 shares worth approximately $6.12 million following the completion of this transaction.
Also, JCS Partners LP purchased 80,000 shares, netting a total of over 480,000 in proceeds.
Before that, Hendricks William Andrew JR had added 25,000 shares to its account. In a trade valued at $197,000, the President & CEO bought Patterson-UTI Energy Inc shares for $7.88 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $15.19 million.
As published in a research note from Raymond James on January 06, 2025, Patterson-UTI Energy Inc [PTEN] has been rated down from a Strong buy to a Mkt perform. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of January 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for PTEN. Earlier on December 19, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for PTEN stock.
Analyzing PTEN Stock Performance
During the last five days, there has been a surge of approximately 4.79%. Over the course of the year, Patterson-UTI Energy Inc shares have dropped approximately -25.91%. Shares of the company reached a 52-week high of $9.57 on 01/17/25 and a 52-week low of $5.12 on 04/07/25. A 50-day SMA is recorded $6.79, while a 200-day SMA reached $7.98.
Support And Resistance Levels for Patterson-UTI Energy Inc (PTEN)
According to the 24-hour chart, there is a support level at 6.00, which, if violated, would cause prices to drop to 5.87. In the upper region, resistance lies at 6.21. The next price resistance is at 6.29. RSI (Relative Strength Index) is 48.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 48.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
