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As of close of business last night, Patterson-UTI Energy Inc’s stock clocked out at $8.46, up 0.95% from its previous closing price of $8.38. In other words, the price has increased by $0.95 from its previous closing price. On the day, 9.87 million shares were traded. PTEN stock price reached its highest trading level at $8.53 during the session, while it also had its lowest trading level at $8.345.
Ratios:
To gain a deeper understanding of PTEN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
On December 13, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $11 to $10.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 12 ’25 when Hendricks William Andrew JR bought 25,000 shares for $7.88 per share. The transaction valued at 197,000 led to the insider holds 2,482,592 shares of the business.
STEWART JAMES CARL sold 192,000 shares of PTEN for $1,422,720 on Mar 07 ’25. The Director now owns 1,005,254 shares after completing the transaction at $7.41 per share. On Mar 07 ’25, another insider, STEWART JAMES CARL, who serves as the Director of the company, sold 48,149 shares for $7.42 each. As a result, the insider received 357,266 and left with 85,475 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 3268859648 and an Enterprise Value of 4338915840. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 0.807 whereas that against EBITDA is 3.615.
Stock Price History:
The Beta on a monthly basis for PTEN is 1.61, which has changed by -0.27630454 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.03. The 50-Day Moving Average of the stock is 1.00%, while the 200-Day Moving Average is calculated to be -2.64%.
Shares Statistics:
It appears that PTEN traded 10.47M shares on average per day over the past three months and 14526940 shares per day over the past ten days. A total of 387.34M shares are outstanding, with a floating share count of 348.17M. Insiders hold about 9.89% of the company’s shares, while institutions hold 98.11% stake in the company. Shares short for PTEN as of 1740700800 were 26247457 with a Short Ratio of 2.51, compared to 1738281600 on 23681721. Therefore, it implies a Short% of Shares Outstanding of 26247457 and a Short% of Float of 9.5.
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 0.038186155The stock’s 5-year Average Dividend Yield is 2.28. The current Payout Ratio is 36.39% for PTEN, which recently paid a dividend on 2025-03-03 with an ex-dividend date of 1740960000. Stock splits for the company last occurred on 2004-07-01 when the company split stock in a 2:1 ratio.
