Technical Analysis for PTEN - Patterson-UTI Energy, Inc.

Grade Last Price % Change Price Change
C 8.13 0.25% 0.02
PTEN closed up 0.25 percent on Wednesday, November 20, 2024, on 54 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
50 DMA Support Bullish 0.25%
NR7 Range Contraction 0.25%
Gapped Down Weakness 0.25%
Crossed Above 50 DMA Bullish -1.81%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.81%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 20 hours ago
Possible NR7 about 20 hours ago
60 Minute Opening Range Breakdown about 20 hours ago
Fell Below 50 DMA about 20 hours ago
Fell Below Previous Day's Low about 20 hours ago

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Profile

Patterson-UTI Energy, Inc. Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company offers pressure pumping services that consist of well stimulation and cementing for completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas and the Appalachian Basin; and contract drilling services primarily in Texas, New Mexico, Louisiana, Arkansas, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Nebraska, Alaska, Kansas, Pennsylvania, Ohio, West Virginia, Michigan, and western and northern Canada. It also owns and invests in oil and natural gas assets located primarily in Texas and New Mexico. As of December 31, 2012, it had a drilling fleet of 314 marketable land-based drilling rigs. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.


Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Acid Petroleum Oil Wells Drilling Rig Precision Drilling Fracturing Hydraulic Fracturing Drilling Services Contract Drilling Services Pumping Services Barnett Shale Natural Gas Assets Pressure Pumping Services

Is PTEN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.4491
52 Week Low 7.375
Average Volume 8,437,051
200-Day Moving Average 9.87
50-Day Moving Average 8.08
20-Day Moving Average 8.08
10-Day Moving Average 8.30
Average True Range 0.34
RSI (14) 50.00
ADX 12.89
+DI 17.76
-DI 17.93
Chandelier Exit (Long, 3 ATRs) 7.74
Chandelier Exit (Short, 3 ATRs) 8.39
Upper Bollinger Bands 8.73
Lower Bollinger Band 7.43
Percent B (%b) 0.54
BandWidth 16.08
MACD Line 0.04
MACD Signal Line 0.03
MACD Histogram 0.0095
Fundamentals Value
Market Cap 3.39 Billion
Num Shares 417 Million
EPS 1.24
Price-to-Earnings (P/E) Ratio 6.56
Price-to-Sales 1.33
Price-to-Book 0.90
PEG Ratio 0.40
Dividend 0.32
Dividend Yield 3.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.41
Resistance 3 (R3) 8.41 8.32 8.36
Resistance 2 (R2) 8.32 8.25 8.32 8.35
Resistance 1 (R1) 8.23 8.21 8.27 8.22 8.33
Pivot Point 8.14 8.14 8.16 8.13 8.14
Support 1 (S1) 8.04 8.06 8.09 8.04 7.93
Support 2 (S2) 7.95 8.02 7.95 7.91
Support 3 (S3) 7.86 7.95 7.90
Support 4 (S4) 7.85