
Why Is Patterson-UTI Energy, Inc. (PTEN) Stock Down Today?
Live update on PTEN's stock movement with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.
Patterson-UTI Energy, Inc. (PTEN)
Summary
Patterson-UTI Energy, Inc. (PTEN) is trading down -5.28% at $8.70, reflecting a negative shift in investor sentiment today. The stock opened at $8.71 and has moved between $8.59 and $8.80 so far.
Trading volume is 3646219, which is 61% below its average, and the price action suggests selling interest.
Technically, PTEN is trading below its 50-day moving average of $11.37 and above its 200-day moving average of $8.33, indicating short-term weakness but long-term strength.
Meyka's AI assigns PTEN a grade of C (Overall fair), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +7.53% in 1 month ($9.35), +9.75% in 1 year ($9.54), and +115.24% in 5 years ($18.71).
View the full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement.
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PTEN Technical Signals
Trading below 50-day moving average ($11.37)
Trading over 200-day moving average ($8.33)
Price Forecast
1 Month
$9.35
1 Year
$9.54
3 Years
$14.15
5 Years
$18.71
Is this change significant?
5-Day:-11.92%
1-Month:-25.67%
3-Month:-17.20%
What's next?
Next earnings date: 7/30/2025