The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Patterson-UTI Energy Inc (NASDAQ: PTEN) closed the day trading at $5.60 down -7.13% from the previous closing price of $6.03. In other words, the price has decreased by -$7.13 from its previous closing price. On the day, 16.11 million shares were traded.
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 9.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.34. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.37.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.63.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $11.69, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is -21.01%, while the 200-Day Moving Average is calculated to be -31.34%.
Shares Statistics:
A total of 385.98M shares are outstanding, with a floating share count of 347.77M. Insiders hold about 9.90% of the company’s shares, while institutions hold 92.59% stake in the company.
