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In the latest session, Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $8.40 down -4.00% from its previous closing price of $8.75. In other words, the price has decreased by -$4.00 from its previous closing price. On the day, 8.33 million shares were traded. PTEN stock price reached its highest trading level at $8.905 during the session, while it also had its lowest trading level at $8.37.
Ratios:
For a deeper understanding of Patterson-UTI Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.76. 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 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:
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 Dec 18 ’24 when STEWART JAMES CARL sold 80,000 shares for $7.36 per share. The transaction valued at 588,800 led to the insider holds 32,438 shares of the business.
JCS Partners LP bought 80,000 shares of PTEN for $600,000 on Dec 18 ’24. On Jun 18 ’24, another insider, Gillard Matthew, who serves as the President-Completions of the company, sold 60,000 shares for $9.87 each. As a result, the insider received 592,200 and left with 114,692 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 3275630336 and an Enterprise Value of 4620845056. 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 0.797 whereas that against EBITDA is 3.343.
Stock Price History:
The Beta on a monthly basis for PTEN is 2.08, which has changed by -0.24176776 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.15. The 50-Day Moving Average of the stock is 1.62%, while the 200-Day Moving Average is calculated to be -9.22%.
Shares Statistics:
For the past three months, PTEN has traded an average of 8.65M shares per day and 8303650 over the past ten days. A total of 389.94M shares are outstanding, with a floating share count of 351.29M. Insiders hold about 9.92% of the company’s shares, while institutions hold 92.80% stake in the company. Shares short for PTEN as of 1735603200 were 24353875 with a Short Ratio of 2.82, compared to 1732838400 on 25721426. Therefore, it implies a Short% of Shares Outstanding of 24353875 and a Short% of Float of 8.7.
Dividends & Splits
According to the company, the forward annual dividend rate for PTEN is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03657143The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 36.39% for PTEN, which recently paid a dividend on 2024-12-02 with an ex-dividend date of 1733097600. Stock splits for the company last occurred on 2004-07-01 when the company split stock in a 2:1 ratio.
