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The price of Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $7.89 in the last session, down -4.59% from day before closing price of $8.27. In other words, the price has decreased by -$4.59 from its previous closing price. On the day, 6.46 million shares were traded. PTEN stock price reached its highest trading level at $8.215 during the session, while it also had its lowest trading level at $7.86.
Ratios:
We take a closer look at PTEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.91. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3101164288 and an Enterprise Value of 4349182976. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.22, and their Forward P/E ratio for the next fiscal year is 22.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.797 whereas that against EBITDA is 3.143.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $15.27, while it has fallen to a 52-week low of $7.60. The 50-Day Moving Average of the stock is -13.97%, while the 200-Day Moving Average is calculated to be -24.97%.
Shares Statistics:
According to the various share statistics, PTEN traded on average about 7.00M shares per day over the past 3-months and 6931990 shares per day over the past 10 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 3.77, 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
The forward annual dividend rate for PTEN is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.038694073The stock’s 5-year Average Dividend Yield is 2.08.
