Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost 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
As of close of business last night, Patterson-UTI Energy Inc’s stock clocked out at $7.90, down -1.00% from its previous closing price of $7.98. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 9.28 million shares were traded. PTEN stock price reached its highest trading level at $8.15 during the session, while it also had its lowest trading level at $7.74.
Ratios:
To gain a deeper understanding of PTEN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.92. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 3105094912 and an Enterprise Value of 4353113600. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.25, and their Forward P/E ratio for the next fiscal year is 46.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.798 whereas that against EBITDA is 3.146.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $14.26, while it has fallen to a 52-week low of $7.45. The 50-Day Moving Average of the stock is -6.21%, while the 200-Day Moving Average is calculated to be -22.84%.
Shares Statistics:
It appears that PTEN traded 7.39M shares on average per day over the past three months and 8838290 shares per day over the past ten days. A total of 411.20M shares are outstanding, with a floating share count of 354.53M. Insiders hold about 9.80% of the company’s shares, while institutions hold 94.26% stake in the company. Shares short for PTEN as of 1727654400 were 29774153 with a Short Ratio of 4.03, compared to 1724976000 on 26110410. Therefore, it implies a Short% of Shares Outstanding of 29774153 and a Short% of Float of 10.520000999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, PTEN has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.04010025The stock’s 5-year Average Dividend Yield is 2.12.
