Patterson-UTI Energy, Inc. press release
Patterson-UTI Energy Inc.: 52-Week High Recently Eclipsed (PTEN)
NASDAQ - Nasdaq Stock Market · Oil · Natural Gas · Natural Gas Liquids · United States
Shares of Patterson-UTI Energy Inc. (NASDAQ:PTEN)traded today at $13.01, eclipsing its 52-week high. So far today approximately 403,000 shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.
Potential upside of 96.8% exists for Patterson-UTI Energy Inc., based on a current level of $12.99 and analysts' average consensus price target of $25.56.
In the past 52 weeks, Patterson-UTI Energy Inc. share prices are bracketed by a low of $5.96 and a high of $13.01 and is now at $12.99, 118% above that low price.
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
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