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The closing price of Patterson-UTI Energy Inc (NASDAQ: PTEN) was $7.82 for the day, up 1.82% from the previous closing price of $7.68. In other words, the price has increased by $1.82 from its previous closing price. On the day, 6.49 million shares were traded. PTEN stock price reached its highest trading level at $7.835 during the session, while it also had its lowest trading level at $7.48.
Ratios:
Our analysis of PTEN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
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, Goldman on December 13, 2024, Upgraded its rating to Buy and sets its target price to $10 from $11 previously.
On December 19, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $12.Goldman initiated its Neutral rating on December 19, 2023, with a $12 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 18 ’24 when STEWART JAMES CARL sold 80,000 shares for $7.36 per share. The transaction valued at 588,800 led to the insider holds 32,438 shares of the business.
JCS Partners LP bought 80,000 shares of PTEN for $600,000 on Dec 18 ’24. On Jun 18 ’24, another insider, Gillard Matthew, who serves as the President-Completions of the company, sold 60,000 shares for $9.87 each. As a result, the insider received 592,200 and left with 114,692 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 3049455872 and an Enterprise Value of 4203591680. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 0.725 whereas that against EBITDA is 3.041.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.15. The 50-Day Moving Average of the stock is -2.05%, while the 200-Day Moving Average is calculated to be -18.13%.
Shares Statistics:
PTEN traded an average of 8.95M shares per day over the past three months and 11515970 shares per day over the past ten days. A total of 389.94M shares are outstanding, with a floating share count of 351.51M. Insiders hold about 9.86% of the company’s shares, while institutions hold 92.70% stake in the company. Shares short for PTEN as of 1732838400 were 25721426 with a Short Ratio of 3.12, compared to 1730332800 on 27326713. Therefore, it implies a Short% of Shares Outstanding of 25721426 and a Short% of Float of 9.19.
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 0.041666668The stock’s 5-year Average Dividend Yield is 2.19.
