Patterson-UTI Energy (NASDAQ:PTEN) noted trading -78.16% off 52-week high price. On the other end, the stock has been noted 86.96% away from the low price over the last 52-weeks. The stock changed -5.94% to recent value of $3.01. The stock transacted 6380706 shares during most recent day however it has an average volume of 6.94M shares. The company has 211.10M of outstanding shares and 181.56M shares were floated in the market.

On May 05, 2020, Patterson-UTI Energy (NASDAQ:PTEN) released that for the month of April 2020, the Company had an average of 105 drilling rigs operating.

Average drilling rigs operating reported in the Company’s monthly announcements represent the average number of the Company’s drilling rigs that were operating under a drilling contract.  The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company’s operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company’s financial performance.  The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

About Patterson-UTI

Patterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and production companies in North America, including contract drilling, pressure pumping and directional drilling services.

Its earnings per share (EPS) expected to touch remained -42.60% for this year. PTEN has a gross margin of 27.20% and an operating margin of -42.20% while its profit margin remained -37.60% for the last 12 months.

According to the most recent quarter its current ratio was 1.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 19.23% from the mean of 20 days, -0.81% from mean of 50 days SMA and performed -60.33% from mean of 200 days price. Company’s performance for the week was 6.74%, 77.06% for month and YTD performance remained -71.33%.