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Patterson-UTI (PTEN) Jumps: Stock Rises 7%

Zacks

Patterson-UTI Energy, Inc. PTEN was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $10.31–$13.06 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Patterson-UTI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Patterson-UTI Energy, Inc. Price

Investors interested in the Oil and Gas – Drilling industry may consider Ensco Rowan plc ESV, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PTEN going up? Or down? Predict to see what others think: Up or Down

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