In-Depth Technical Analysis: Patterson-UTI Energy, Inc. (PTEN), The Williams Companies, Inc. (WMB)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) traded at an unexpectedly low level on 11/24/2017 when the stock experienced a 0.15% gain to a closing price of $20.49. The company saw 1.02 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 4.12 million shares a day, this signifies a pretty significant change over the norm.

Patterson-UTI Energy, Inc. (PTEN) Max Upside Potential Is 56.17%

Analysts are speculating a 56.17% move, based on the high target price ($32) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $24.27 price target, but the stock is already up 38.17% from its recent lows. However, the stock is trading at -31.15% versus recent highs ($29.76). Analysts believe that we could see stock price minimum in the $14 range (lowest target price), allowing for another -31.67% drop from its current position. Leading up to this report, we have seen a 14.02% rise in the stock price over the last 30 days and a 29.27% increase over the past 3 months. Overall, the share price is down -23.89% so far this year. Additionally, PTEN had a day price range of $20.445 to $20.75.

Patterson-UTI Energy, Inc. (PTEN) RSI Reaches 54.45

Heading into the stock price potential, Patterson-UTI Energy, Inc. needs to grow just 19.57% to cross its median price target of $24.5. In order to determine directional movement, the 50-day and 200-day moving averages for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) are $20.08 and $19.58. Given that liquidity is king in short-term, PTEN is a stock with 218.11 million shares outstanding that normally trades 6.02% of its float. The stock price recently experienced a 5-day gain of 4.38% with 0.64 average true range (ATR). PTEN has a beta of 1.07 and RSI is 54.45.

The Williams Companies, Inc. (NYSE:WMB)’s -3.94% Lead Over A Technical Metric

On the other hand, The Williams Companies, Inc. by far traveled 4.67% versus a 1-year low price of $26.82. The share price was last seen 1.15% higher, reaching at $28.07 on Nov. 24, 2017. At recent session, the prices were hovering between $27.8575 and $28.42. This company shares are 21.77% off its target price of $34.18 and the current market capitalization stands at $23.21B. The recent change has given its price a -3.94% deficit over SMA 50 and -14.13% deficit over its 52-week high. The stock witnessed -0.95% declines, -4.49% declines and -5.46% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WMB’s volatility during a week at 1.93% and during a month it has been found around 1.92%.

The Williams Companies, Inc. (NYSE:WMB) Is Less Active With 3.38 million Shares

The Williams Companies, Inc. (WMB) exchanged hands at an unexpectedly low level of 3.38 million shares over the course of the day. Noting its average daily volume at 4.39 million shares each day over the month, this signifies a pretty significant change over the norm.

The Williams Companies, Inc. Is Worth At Least $29

The market experts are predicting a 38.94% rally, based on the high target price ($39) for The Williams Companies, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $29 range (lowest target price). If faced, it would be a 3.31% jump from its current position. Overall, the share price is down -9.86% year to date.

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