Over the past 52 weeks Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has embarked on a drop that has seen it decline -39.7% and is now down by -44.29% since start of this year. The equity price sank -13.96% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a -25.33% fall over the past 30 days. Its equity price dipped by -20.67% over the past three months which led to its overall six-month decrease to stand at -35.25%.
The shares of Patterson-UTI Energy, Inc. (PTEN) dropped by -48.78% or -$12.21 from its last recorded high of $25.03 which it attained on January 16 to close at $12.82 per share. Over the past 52 weeks, the shares of Patterson-UTI Energy, Inc. has been trading as low as $13.59 before witnessing a massive surge by -5.67% or $-0.77. This price movement has led to the PTEN stock receiving more attention and has become one to watch out for. It dipped by -5.87% on Thursday and this got the market worried. The stock’s beta now stands at 1.02 and when compared to its 200-day moving average and its 50-day moving average, PTEN price stands -28.91% below and -20.14% below respectively. Its average daily volatility for this week is 5.37% which is more than the 4.69% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Patterson-UTI Energy, Inc. with most of them predicting a $21.74 price target on a short-term (12 months) basis. The average price target by the analysts will see a 69.58% rise in the stock and would lead to PTEN’s market cap to surge to $5.02B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 26 analysts that track Patterson-UTI Energy, Inc. (NASDAQ:PTEN) and find out that 5 of them rated it as a Hold. 21 of the 21 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at PTEN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 32.47 point. Its trading volume has added 2143011 shares compared to readings over the past three months as it recently exchanged 5283011 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 3140000 shares, and this is 1.68 times the normal volume.
Analysts have predicted a price target for American Water Works Company, Inc. (AWK) for 1 year and it stands at an average $91.36/share. This means that it would likely increase by -6.12% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $83. On the other hand, one analyst is super bullish about the price, setting a target as high as $101.
Analysts view American Water Works Company, Inc. (NYSE:AWK) as a Hold, with 2.3 consensus rating. Reuters surveyed 14 analysts that follow AWK and found that 7 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying American Water Works Company, Inc. (AWK) shares or sell it if they already own it.