Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $8.46 in the prior trading day, Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $8.40, down -0.71%. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 2.87 million shares were traded. PTEN stock price reached its highest trading level at $8.63 during the session, while it also had its lowest trading level at $8.375.
Ratios:
Our goal is to gain a better understanding of PTEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.72. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
On December 19, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $12.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 17, 2023, whereas the target price for the stock was revised from $20 to $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 18 ’24 when Gillard Matthew sold 60,000 shares for $9.87 per share. The transaction valued at 592,200 led to the insider holds 114,692 shares of the business.
Drummond Robert Wayne Jr sold 150,000 shares of PTEN for $1,732,500 on May 20 ’24. The Director now owns 2,007,895 shares after completing the transaction at $11.55 per share. On Feb 29 ’24, another insider, Drummond Robert Wayne Jr, who serves as the Director of the company, sold 187,916 shares for $11.73 each. As a result, the insider received 2,204,255 and left with 2,473,239 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PTEN now has a Market Capitalization of 3299032832 and an Enterprise Value of 4484360192. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.773 whereas that against EBITDA is 3.244.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.38. The 50-Day Moving Average of the stock is 3.47%, while the 200-Day Moving Average is calculated to be -15.26%.
Shares Statistics:
The stock has traded on average 8.07M shares per day over the past 3-months and 6606450 shares per day over the last 10 days, according to various share statistics. A total of 411.20M shares are outstanding, with a floating share count of 351.43M. Insiders hold about 9.88% of the company’s shares, while institutions hold 92.66% stake in the company. Shares short for PTEN as of 1731628800 were 24225646 with a Short Ratio of 3.00, compared to 1728950400 on 25640448. Therefore, it implies a Short% of Shares Outstanding of 24225646 and a Short% of Float of 8.66.
Dividends & Splits
In the trailing 12 months, PTEN’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.03782506The stock’s 5-year Average Dividend Yield is 2.19.
