The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $11.53 in the prior trading day, Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $11.26, down -2.34%. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 5.56 million shares were traded. PTEN stock price reached its highest trading level at $11.49 during the session, while it also had its lowest trading level at $11.15.
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 23.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
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 Mar 01 ’24 when Drummond Robert Wayne Jr sold 65,344 shares for $11.76 per share. The transaction valued at 768,445 led to the insider holds 2,407,895 shares of the business.
Drummond Robert Wayne Jr sold 187,916 shares of PTEN for $2,204,255 on Feb 29 ’24. The Director now owns 2,473,239 shares after completing the transaction at $11.73 per share. On Dec 01 ’23, another insider, CEPAK TIFFANY THOM, who serves as the Director of the company, sold 15,000 shares for $11.78 each. As a result, the insider received 176,700 and left with 107,081 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 4540617728 and an Enterprise Value of 5757442560. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.10, and their Forward P/E ratio for the next fiscal year is 10.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.389 whereas that against EBITDA is 4.866.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $16.17, while it has fallen to a 52-week low of $9.70. The 50-Day Moving Average of the stock is -3.67%, while the 200-Day Moving Average is calculated to be -10.42%.
Shares Statistics:
The stock has traded on average 6.67M shares per day over the past 3-months and 5827820 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 356.63M. Insiders hold about 12.63% of the company’s shares, while institutions hold 86.84% stake in the company. Shares short for PTEN as of 1713139200 were 26730006 with a Short Ratio of 4.01, compared to 1710460800 on 25576859. Therefore, it implies a Short% of Shares Outstanding of 26730006 and a Short% of Float of 9.08.
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 0.027753687The stock’s 5-year Average Dividend Yield is 1.95.
