The price of Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $11.71 in the last session, down -0.93% from day before closing price of $11.82. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 6287387 shares were traded.
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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 72.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on October 17, 2023, Downgraded its rating to Equal-Weight and sets its target price to $17 from $20 previously.
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 Sep 27 when Smith Charles Andrew sold 10,000 shares for $15.10 per share. The transaction valued at 151,000 led to the insider holds 504,413 shares of the business.
Smith Charles Andrew sold 10,000 shares of PTEN for $159,000 on Sep 19. The EVP & Chief Financial Officer now owns 514,413 shares after completing the transaction at $15.90 per share. On Sep 14, another insider, STEWART JAMES CARL, who serves as the Director of the company, sold 62,500 shares for $15.90 each. As a result, the insider received 993,750 and left with 1,277,254 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 4.88B and an Enterprise Value of 6.16B. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.86, and their Forward P/E ratio for the next fiscal year is 8.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 1.84 whereas that against EBITDA is 6.55.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $18.49, while it has fallen to a 52-week low of $9.70. The 50-Day Moving Average of the stock is 12.92, while the 200-Day Moving Average is calculated to be 12.90.
Shares Statistics:
According to the various share statistics, PTEN traded on average about 7.01M shares per day over the past 3-months and 5.53M shares per day over the past 10 days. A total of 417.28M shares are outstanding, with a floating share count of 359.19M. Insiders hold about 13.92% of the company’s shares, while institutions hold 83.12% stake in the company. Shares short for PTEN as of Nov 14, 2023 were 18.99M with a Short Ratio of 18.99M, compared to 20.97M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.55% and a Short% of Float of 5.47%.
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 2.73%, it implies a Forward Annual Dividend Yield of 2.73%. The stock’s 5-year Average Dividend Yield is 1.84. The current Payout Ratio is 28.38% for PTEN, which recently paid a dividend on Dec 14, 2023 with an ex-dividend date of Nov 29, 2023. Stock splits for the company last occurred on Jun 30, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.14, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.25, with high estimates of $0.41 and low estimates of $0.17.
Analysts are recommending an EPS of between $1.53 and $0.77 for the fiscal current year, implying an average EPS of $1.16. EPS for the following year is $1.31, with 14 analysts recommending between $1.85 and $1.09.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $1.51B. It ranges from a high estimate of $1.62B to a low estimate of $1.46B. As of the current estimate, Patterson-UTI Energy Inc’s year-ago sales were $788.48M, an estimated increase of 91.90% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.59B, an increase of 101.10% over than the figure of $91.90% in the same quarter last year. There is a high estimate of $1.66B for the next quarter, whereas the lowest estimate is $1.52B.
A total of 13 analysts have provided revenue estimates for PTEN’s current fiscal year. The highest revenue estimate was $4.19B, while the lowest revenue estimate was $4.02B, resulting in an average revenue estimate of $4.08B. In the same quarter a year ago, actual revenue was $2.65B, up 54.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $6.51B in the next fiscal year. The high estimate is $6.96B and the low estimate is $5.64B. The average revenue growth estimate for next year is up 59.60% from the average revenue estimate for this year.
