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After finishing at $8.29 in the prior trading day, Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $8.25, down -0.48%. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 5.41 million shares were traded. PTEN stock price reached its highest trading level at $8.26 during the session, while it also had its lowest trading level at $8.075.
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 43.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.22. 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:
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 3262338816 and an Enterprise Value of 4490680832. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.42, and their Forward P/E ratio for the next fiscal year is 37.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.823 whereas that against EBITDA is 3.245.
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 -3.05%, while the 200-Day Moving Average is calculated to be -19.98%.
Shares Statistics:
The stock has traded on average 7.26M shares per day over the past 3-months and 7824060 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 354.53M. Insiders hold about 9.80% of the company’s shares, while institutions hold 94.54% stake in the company. Shares short for PTEN as of 1727654400 were 29774153 with a Short Ratio of 4.10, 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
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 0.038600724The stock’s 5-year Average Dividend Yield is 2.12.
