Revenue Growth Analysis of Patterson-UTI Energy Inc. (NASDAQ:PTEN)


Patterson-UTI Energy Inc. (NASDAQ:PTEN) currently has a “Sell” signals on Composite indicators by TrendSpotter. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows “Sell” signal. 10 – 8 Day Moving Average Hilo Channel shows “Sell” signal. While 20-Day Moving Average VS Current Price shows “Sell” Signal.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) lost -1.36 Percent and closed its previous trading session at $17.46. The stock traded with the average Volume of 3.6 Million at the end of last session.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) has the Market Capitalization of 3.81 Billion. The Stock has its 52-week High of $25.03 and 52-Week Low of $14.83 and it touched its 52-week high on 01/16/18 and 52-Week Low on 08/21/17


The company reported its last earnings Actual EPS of $-0.16/share. While, the analyst predicted that the company could provide an EPS of $-0.09/share. Hence the difference between Predicted EPS and Actual EPS reported is $-0.07/share which shows an Earnings Surprise of -77.8 Percent.

Sell side analysts plays vital role in buying and selling a stock where 4 analysts rated Patterson-UTI Energy Inc. (NASDAQ:PTEN) as Buy, 0 analysts given Outperform signal, 3 reported Hold, and 1 analysts rated the stock as Sell.

The stock’s current distance from 20-Day Simple Moving Average (SMA20) is -3.54% where SMA50 and SMA200 are -12.95% and -14.66% respectively.

The company shows its Return on Assets (ROA) value of 0.6%. The Return on Equity (ROE) value stands at 0.9%. While it’s Return on Investment (ROI) value is -3.7%.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) currently has a Weekly Volatility of 5.11% percent while its Monthly Volatility is at 3.83% percent. While talking about Performance of the Stock, Patterson-UTI Energy Inc. currently has a Weekly performance of -1.63%, monthly performance percentage is -6.63 percent, Quarterly performance is -10.23 percent, 6 months performance shows a percent value of -26.67% and Yearly Performance is -12.74 percent.

Company Profile:

Patterson-UTI Energy, Inc. is an oil drilling company and it provides drilling services to oil and natural gas exploration and production companies in the United States and Canada. Its subsidiaries provide onshore contract drilling services to exploration and production companies in North America, pressure pumping services to exploration and production companies in the United States and pipe handling components and related technology to drilling contractors around the world. Patterson-UTI Drilling Company LLC and its subsidiaries operate land-based drilling rigs in oil and natural gas producing regions of the continental United States and western Canada. Universal Pressure Pumping, Inc. and Universal Well Services. The company comprises three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.