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.
The price of Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $7.61 in the last session, down -2.93% from day before closing price of $7.84. In other words, the price has decreased by -$2.93 from its previous closing price. On the day, 9.04 million shares were traded. PTEN stock price reached its highest trading level at $8.01 during the session, while it also had its lowest trading level at $7.521.
Ratios:
We take a closer look at PTEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.54. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’25 when Hendricks William Andrew JR bought 25,000 shares for $7.88 per share. The transaction valued at 197,000 led to the insider holds 2,482,592 shares of the business.
STEWART JAMES CARL sold 192,000 shares of PTEN for $1,422,720 on Mar 07 ’25. The Director now owns 1,005,254 shares after completing the transaction at $7.41 per share. On Mar 07 ’25, another insider, STEWART JAMES CARL, who serves as the Director of the company, sold 48,149 shares for $7.42 each. As a result, the insider received 357,266 and left with 85,475 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 2940428032 and an Enterprise Value of 4010484224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.746 whereas that against EBITDA is 3.341.
Stock Price History:
The Beta on a monthly basis for PTEN is 1.63, which has changed by -0.3405546 over the last 52 weeks, in comparison to a change of 0.07903516 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 $7.03. The 50-Day Moving Average of the stock is -9.53%, while the 200-Day Moving Average is calculated to be -13.28%.
Shares Statistics:
According to the various share statistics, PTEN traded on average about 10.34M shares per day over the past 3-months and 14155730 shares per day over the past 10 days. A total of 387.34M shares are outstanding, with a floating share count of 348.31M. Insiders hold about 9.86% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for PTEN as of 1740700800 were 26247457 with a Short Ratio of 2.54, compared to 1738281600 on 23681721. Therefore, it implies a Short% of Shares Outstanding of 26247457 and a Short% of Float of 9.5.
Dividends & Splits
The forward annual dividend rate for PTEN is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.040816326The stock’s 5-year Average Dividend Yield is 2.28. The current Payout Ratio is 36.39% for PTEN, which recently paid a dividend on 2025-03-03 with an ex-dividend date of 1740960000. Stock splits for the company last occurred on 2004-07-01 when the company split stock in a 2:1 ratio.
