Patterson-UTI Energy (NASDAQ:PTEN) is a company whose shares are active, trading 2.3% lower to $18.96. The S&P is trading lower by 0.6% to 1,453 and the Dow is trading 0.6% lower to 13,305.
There is potential upside of 5.0% for shares of Patterson-UTI Energy based on a current price of $18.96 and an average consensus analyst price target of $19.90. Patterson-UTI Energy shares have support at the 50-day moving average (MA) of $17.51 and additional support at the 200-day MA of $16.18.
Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.
Over the past year, Patterson-UTI Energy has traded in a range of $12.81 to $22.14 and is now at $18.96, 48% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.