Patterson-UTI Energy Inc. (NASDAQ:PTEN) traded today at a new 52-week high of $20.50. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 3.8 million shares.
Over the past year, Patterson-UTI Energy Inc. has traded in a range of $6.44 to $20.50 and is now at $19.35, 200% above that low.
Patterson-UTI Energy Inc. has overhead space with shares priced $19.35, or 15.6% below the average consensus analyst price target of $22.92.
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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