Patterson-UTI Energy, Inc. press release
Patterson-UTI Energy Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
NASDAQ - Nasdaq Stock Market · Oil · Natural Gas · Natural Gas Liquids · United States
Shares of Patterson-UTI Energy Inc. (NASDAQ:PTEN)traded today at $14.00, eclipsing its 52-week high. This new high was reached on below average trading volume as 403,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.
In the past 52 weeks, Patterson-UTI Energy Inc. share prices are bracketed by a low of $5.99 and a high of $14.00 and is now at $13.90, 132% 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.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) is currently priced 2.1% above its average consensus analyst price target of $13.61.
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