Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Patterson-UTI Energy Inc (NASDAQ: PTEN) was $6.12 for the day, down -2.55% from the previous closing price of $6.28. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 8.95 million shares were traded.
Ratios:
Our analysis of PTEN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.37.
On December 13, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $11 to $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 09 ’25 when STEWART JAMES CARL sold 5,500 shares for $5.98 per share. The transaction valued at 32,890 led to the insider holds 999,754 shares of the business.
JCS Partners LP bought 80,000 shares of PTEN for $480,000 on May 09 ’25. On Mar 12 ’25, another insider, Hendricks William Andrew JR, who serves as the President & CEO of the company, bought 25,000 shares for $7.88 each. As a result, the insider paid 197,000 and bolstered with 2,482,592 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.69.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $11.69, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is -9.86%, while the 200-Day Moving Average is calculated to be -23.34%.
Shares Statistics:
A total of 385.98M shares are outstanding, with a floating share count of 347.04M. Insiders hold about 10.09% of the company’s shares, while institutions hold 97.20% stake in the company.
