Patterson-UTI Energy Inc’s recent filing unveils that its Director STEWART JAMES CARL unloaded Company’s shares for reported $0.41 million on Jun 02 ’25. In the deal valued at $5.51 per share,74,500 shares were sold. As a result of this transaction, STEWART JAMES CARL now holds 925,254 shares worth roughly $5.95 million.
Then, STEWART JAMES CARL sold 5,500 shares, generating $32,890 in total proceeds. Upon selling the shares at $5.98, the Director now owns 999,754 shares.
Before that, JCS Partners LP bought 80,000 shares. Patterson-UTI Energy Inc shares valued at $480,000 were divested by the Director at a price of $6.00 per share.
Citigroup downgraded its Patterson-UTI Energy Inc [PTEN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “a Strong buy” to “a Mkt perform”. Goldman also remained covering PTEN and has increased its forecast on December 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. The Benchmark Company revised its rating on January 16, 2024. It rated PTEN as “a Hold” which previously was an “a Buy”.
Price Performance Review of PTEN
On Monday, Patterson-UTI Energy Inc [NASDAQ:PTEN] saw its stock fall -1.53% to $6.43. Over the last five days, the stock has gained 8.43%. Patterson-UTI Energy Inc shares have fallen nearly -22.15% since the year began. Nevertheless, the stocks have fallen -38.41% over the past one year. While a 52-week high of $11.27 was reached on 01/17/25, a 52-week low of $5.12 was recorded on 04/07/25.
Levels Of Support And Resistance For PTEN Stock
The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 6.21. On the upside, there is a resistance level at 6.54. A further resistance level may holdings at 6.65.
The most recent change occurred on December 19, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $12 price target.
