Street Analysts View On Patterson-UTI Energy, Inc. (PTEN), Occidental Petroleum Corporation (OXY)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) notched a 3.51% intraday gain moving at $19.76. When the opening bell rang, the price was $19.03. The number of shares that were traded during the day was 6 million, which corresponds to its 3-month volume average of 4.36 million shares a day.

Patterson-UTI Energy, Inc. (PTEN) Analyst Opinion

Patterson-UTI Energy, Inc. has a consensus outperform rating from 28 Wall Street analysts, and the number of shares currently sold short amount to at least 6.68% of shares outstanding. The stock sank -5.18% last month and is down -26.6 this year. Wall Street is only getting more bullish on the stock, with 19 of analysts who cover PTEN having a buy-equivalent rating. Analysts have placed a $24.67 price target on Patterson-UTI Energy, Inc., suggesting a 24.85% gain from recent close. It’s currently trading about -33.6% below its 52-week high.

Patterson-UTI Energy, Inc. Earnings Surprise

Patterson-UTI Energy, Inc. (PTEN) surprised the stock market in its last reported earnings when it earned -$0.13 a piece versus the consensus-estimated -$0.18. Its revenue totaled $687.56 million up 18.71% from the previous quarter.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Intraday View

This stock (PTEN) is ahead of its 52-week low with 33.24%. Its last month’s stock price volatility remained 5.34% which for the week stands at 3.34%. The share price has moved backward from its 20 days moving average, trading at a distance of -1.6% and stays 6.56% away from its 50 days moving average. Over the last five days, shares have managed 4.44% gains and now is down -9.93% since hitting its 200-day moving average of $19.89. Patterson-UTI Energy, Inc. (PTEN) has made its way to a 12-month decline of -15.3%.

Turning to Occidental Petroleum Corporation (NYSE:OXY), its shares were trading at $65.05 a gain of $0.43, on the trading floor. The stock, after opening at $64.02, touched a high of $65.43 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. Occidental Petroleum Corporation has 4 buy ratings, 14 holds and 1 sells even after the stock tumbled -13.14% from its high of $ 74.76 to a $49.76 billion market value through last close.

Occidental Petroleum Corporation (OXY) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.65 to 2.65 during a month. Analysts set a 12-month price target of $65.13 a share. The target implies a 0.12% spike from where the shares are currently trading. Also, the current price highlights a discount of 22.98% to analysts’ high consensus price target.

Occidental Petroleum Corporation (NYSE:OXY) Intraday Trading

The counter witnessed a trading volume of 5.06 million shares versus an average volume of 3.56 million shares during last trading session. Its last month’s stock price volatility remained 1.91% which for the week approaches 1.18%. The lowest price the stock reached in the last trading day was $63.65 and compares with the $57.20 52-week low. The stock recovered 13.72% since its low point and has performed -8.68% year-to-date.

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