Patterson-UTI Energy Inc. (NASDAQ:PTEN) traded at a new 52-week high today of $10.78. Approximately 377,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
Patterson-UTI Energy is one of the largest North America-based land rig drilling contractors, and it also maintains moderately sized operations in pressure pumping and other business lines. Patterson was greatly boosted in size following its 2017 acquisition of Seventy Seven Energy.
In the past 52 weeks, shares of Patterson-UTI Energy Inc. have traded between a low of $2.38 and a high of $10.78 and is now at $10.75, which is 352% above that low price.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) has potential upside of 58.5% based on a current price of $10.75 and analysts' consensus price target of $17.04.
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