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Patterson-UTI Energy Inc (NASDAQ: PTEN) closed the day trading at $6.93 down -19.04% from the previous closing price of $8.56. In other words, the price has decreased by -$19.04 from its previous closing price. On the day, 13.38 million shares were traded. PTEN stock price reached its highest trading level at $7.94 during the session, while it also had its lowest trading level at $6.865.
Ratios:
For a better understanding of PTEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.39. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2677682688 and an Enterprise Value of 3747738880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.697 whereas that against EBITDA is 3.122.
Stock Price History:
The Beta on a monthly basis for PTEN is 1.29, which has changed by -0.44648564 over the last 52 weeks, in comparison to a change of 0.036926866 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 -15.89%, while the 200-Day Moving Average is calculated to be -19.49%.
Shares Statistics:
Over the past 3-months, PTEN traded about 10.58M shares per day on average, while over the past 10 days, PTEN traded about 11374120 shares per day. 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 98.04% stake in the company. Shares short for PTEN as of 1741910400 were 25213579 with a Short Ratio of 2.38, compared to 1739491200 on 23363524. Therefore, it implies a Short% of Shares Outstanding of 25213579 and a Short% of Float of 9.13.
Dividends & Splits
PTEN’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.037383176The stock’s 5-year Average Dividend Yield is 2.23.
