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In the latest session, Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $8.50 up 3.28% from its previous closing price of $8.23. In other words, the price has increased by $3.28 from its previous closing price. On the day, 4.63 million shares were traded. PTEN stock price reached its highest trading level at $8.6 during the session, while it also had its lowest trading level at $8.3401.
Ratios:
For a deeper understanding of Patterson-UTI Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
On December 19, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $12.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 17, 2023, whereas the target price for the stock was revised from $20 to $17.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 18 ’24 when Gillard Matthew sold 60,000 shares for $9.87 per share. The transaction valued at 592,200 led to the insider holds 114,692 shares of the business.
Drummond Robert Wayne Jr sold 150,000 shares of PTEN for $1,732,500 on May 20 ’24. The Director now owns 2,007,895 shares after completing the transaction at $11.55 per share. On Feb 29 ’24, another insider, Drummond Robert Wayne Jr, who serves as the Director of the company, sold 187,916 shares for $11.73 each. As a result, the insider received 2,204,255 and left with 2,473,239 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 3340924928 and an Enterprise Value of 4588943360. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.25, and their Forward P/E ratio for the next fiscal year is 23.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. 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 0.73. Its current Enterprise Value per Revenue stands at 0.841 whereas that against EBITDA is 3.316.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $15.93, while it has fallen to a 52-week low of $7.60. The 50-Day Moving Average of the stock is -8.72%, while the 200-Day Moving Average is calculated to be -19.63%.
Shares Statistics:
For the past three months, PTEN has traded an average of 7.37M shares per day and 5553420 over the past ten days. A total of 411.20M shares are outstanding, with a floating share count of 354.53M. Insiders hold about 9.80% of the company’s shares, while institutions hold 94.49% stake in the company. Shares short for PTEN as of 1724976000 were 26110410 with a Short Ratio of 3.54, compared to 1722384000 on 26664787. Therefore, it implies a Short% of Shares Outstanding of 26110410 and a Short% of Float of 9.229999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for PTEN is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03888214The stock’s 5-year Average Dividend Yield is 2.08.
