Stock Rating Downgrade
In the last week the Value Trend Rating for Patterson-UTI Energy Inc (NASDAQ: PTEN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 2/7/25, Patterson-UTI Energy Inc (NASDAQ: PTEN) stock enjoyed a large increase of 2.9%, closing at $8.62. Moreover, this advance was accompanied by above average trading volume at 126% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.6% during the last week.
Current PriceTarget Research Rating
Patterson-UTI Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Patterson-UTI Energy has a slightly positive Appreciation Score of 61 but a very low Power Rating of 7, producing the Negative Value Trend Rating.
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