The price of Patterson-UTI Energy Inc. (NASDAQ: PTEN) closed at $14.23 in the last session, up 0.14% from day before closing price of $14.21. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 2677434 shares were traded. PTEN stock price reached its highest trading level at $14.39 during the session, while it also had its lowest trading level at $13.83.
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 22.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
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 Jul 25 when Holcomb James Michael sold 8,802 shares for $15.47 per share. The transaction valued at 136,167 led to the insider holds 387,925 shares of the business.
Hendricks William Andrew JR sold 200,000 shares of PTEN for $2,968,000 on Jul 18. The President & CEO now owns 1,886,874 shares after completing the transaction at $14.84 per share. On Jul 18, another insider, Holcomb James Michael, who serves as the Chief Operating Officer of the company, sold 5,904 shares for $14.96 each. As a result, the insider received 88,324 and left with 396,727 shares of the company.
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 3.51B and an Enterprise Value of 4.20B. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.89, and their Forward P/E ratio for the next fiscal year is 10.04. 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 1.11 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is 4.53.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $19.81, while it has fallen to a 52-week low of $9.70. The 50-Day Moving Average of the stock is 13.82, while the 200-Day Moving Average is calculated to be 14.11.
According to the various share statistics, PTEN traded on average about 3.89M shares per day over the past 3-months and 2.37M shares per day over the past 10 days. A total of 207.84M shares are outstanding, with a floating share count of 203.20M. Insiders hold about 1.00% of the company’s shares, while institutions hold 99.00% stake in the company. Shares short for PTEN as of Jul 30, 2023 were 11.42M with a Short Ratio of 11.42M, compared to 15.71M on Jun 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.49% and a Short% of Float of 8.29%.
Dividends & Splits
The forward annual dividend rate for PTEN is 0.32, which was 0.28 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.97%, it implies a Forward Annual Dividend Yield of 2.25%. The stock’s 5-year Average Dividend Yield is 1.73. The current Payout Ratio is 17.20% for PTEN, which recently paid a dividend on Sep 20, 2023 with an ex-dividend date of Sep 05, 2023. Stock splits for the company last occurred on Jun 30, 2004 when the company split stock in a 2:1 ratio.
The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.39 and a low estimate of $0.24, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.28, with high estimates of $0.34 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.63 and $1.19 for the fiscal current year, implying an average EPS of $1.44. EPS for the following year is $1.42, with 8 analysts recommending between $2.05 and $0.98.
According to 9 analysts, the current quarter’s revenue is expected to be $706.6M. It ranges from a high estimate of $757M to a low estimate of $692.8M. As of the current estimate, Patterson-UTI Energy Inc.’s year-ago sales were $672.1M, an estimated increase of 5.10% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $726.66M, a decrease of -7.80% less than the figure of $5.10% in the same quarter last year. There is a high estimate of $821.5M for the next quarter, whereas the lowest estimate is $689M.
A total of 12 analysts have provided revenue estimates for PTEN’s current fiscal year. The highest revenue estimate was $3.08B, while the lowest revenue estimate was $2.94B, resulting in an average revenue estimate of $2.99B. In the same quarter a year ago, actual revenue was $2.65B, up 13.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.93B in the next fiscal year. The high estimate is $3.15B and the low estimate is $2.65B. The average revenue growth estimate for next year is down -2.10% from the average revenue estimate for this year.