An overall feel about Patterson-UTI Energy Inc. (NASDAQ: PTEN) stock in the current moment?

In the latest session, Patterson-UTI Energy Inc. (NASDAQ: PTEN) closed at $16.25 up 0.81% from its previous closing price of $16.12. In other words, the price has increased by $+0.13 from its previous closing price. On the day, 2433535 shares were traded. PTEN stock price reached its highest trading level at $16.43 during the session, while it also had its lowest trading level at $15.76.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…



For a deeper understanding of Patterson-UTI Energy Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.52.

Upgrades & Downgrades

On January 17, 2023, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $18.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 04 when Holcomb James Michael sold 58,335 shares for $18.65 per share. The transaction valued at 1,087,948 led to the insider holds 273,108 shares of the business.

Holcomb James Michael sold 16,666 shares of PTEN for $266,823 on Oct 26. The President-Drilling Subsidiary now owns 331,443 shares after completing the transaction at $16.01 per share. On Aug 23, another insider, Holcomb James Michael, who serves as the President-Drilling Subsidiary of the company, sold 8,333 shares for $16.00 each. As a result, the insider received 133,328 and left with 348,109 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 2.16.

Stock Price History:

Over the past 52 weeks, PTEN has reached a high of $20.53, while it has fallen to a 52-week low of $8.77. The 50-Day Moving Average of the stock is 17.09, while the 200-Day Moving Average is calculated to be 15.91.

Shares Statistics:

For the past three months, PTEN has traded an average of 2.49M shares per day and 2.4M over the past ten days. A total of 216.82M shares are outstanding, with a floating share count of 212.38M. Insiders hold about 1.00% of the company’s shares, while institutions hold 99.00% stake in the company. Shares short for PTEN as of Oct 13, 2022 were 9.05M with a Short Ratio of 10.87M, compared to 9.34M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.17% and a Short% of Float of 5.79%.

Dividends & Splits

According to the company, the forward annual dividend rate for PTEN is 0.32, from 0.08 in the trailing year. Against a Trailing Annual Dividend Yield of 0.50%, it implies a Forward Annual Dividend Yield of 1.10%. The stock’s 5-year Average Dividend Yield is 1.52.

Earnings Estimates

There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.32 and a low estimate of $0.18, while EPS last year was -$0.38. The consensus estimate for the next quarter is $0.3, with high estimates of $0.44 and low estimates of -$0.05.

Analysts are recommending an EPS of between $0.47 and -$0.94 for the fiscal current year, implying an average EPS of $0.26. EPS for the following year is $1.47, with 13 analysts recommending between $2.18 and -$0.12.

Revenue Estimates

A total of 10 analysts believe the company’s revenue will be $709.43M this quarter.It ranges from a high estimate of $742.05M to a low estimate of $678M. As of the current estimate, Patterson-UTI Energy Inc.’s year-ago sales were $466.49M, an estimated increase of 52.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $734.94M, an increase of 44.30% less than the figure of $52.10% in the same quarter last year. There is a high estimate of $776.96M for the next quarter, whereas the lowest estimate is $601.1M.

A total of 14 analysts have provided revenue estimates for PTEN’s current fiscal year. The highest revenue estimate was $2.62B, while the lowest revenue estimate was $2.26B, resulting in an average revenue estimate of $2.51B. In the same quarter a year ago, actual revenue was $1.36B, up 84.60% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $3.11B in the next fiscal year. The high estimate is $3.39B and the low estimate is $2.65B. The average revenue growth estimate for next year is up 24.30% from the average revenue estimate for this year.