Patterson-UTI Energy Inc. (PTEN)’s price-to-cash and price-to-free cash flow ratios


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.

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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

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 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.

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 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.

Shares Statistics:

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.

Earnings Estimates

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.

Revenue Estimates

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.


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