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As of close of business last night, Patterson-UTI Energy Inc’s stock clocked out at $11.22, down -0.97% from its previous closing price of $11.33. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 4.51 million shares were traded. PTEN stock price reached its highest trading level at $11.55 during the session, while it also had its lowest trading level at $11.21.
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 23.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
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:
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 01 ’24 when Drummond Robert Wayne Jr sold 65,344 shares for $11.76 per share. The transaction valued at 768,445 led to the insider holds 2,407,895 shares of the business.
Drummond Robert Wayne Jr sold 187,916 shares of PTEN for $2,204,255 on Feb 29 ’24. The Director now owns 2,473,239 shares after completing the transaction at $11.73 per share. On Dec 01 ’23, another insider, CEPAK TIFFANY THOM, who serves as the Director of the company, sold 15,000 shares for $11.78 each. As a result, the insider received 176,700 and left with 107,081 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 4524487680 and an Enterprise Value of 5741114880. As of this moment, Patterson-UTI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.06, and their Forward P/E ratio for the next fiscal year is 10.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.385 whereas that against EBITDA is 4.852.
Stock Price History:
The Beta on a monthly basis for PTEN is 2.23, which has changed by -0.07196027 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, PTEN has reached a high of $16.17, while it has fallen to a 52-week low of $9.70. The 50-Day Moving Average of the stock is -3.09%, while the 200-Day Moving Average is calculated to be -10.97%.
Shares Statistics:
It appears that PTEN traded 6.66M shares on average per day over the past three months and 5008170 shares per day over the past ten days. A total of 411.20M shares are outstanding, with a floating share count of 356.63M. Insiders hold about 12.63% of the company’s shares, while institutions hold 86.43% stake in the company. Shares short for PTEN as of 1711584000 were 26438914 with a Short Ratio of 3.97, compared to 1709164800 on 22154371. Therefore, it implies a Short% of Shares Outstanding of 26438914 and a Short% of Float of 7.8200005.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, PTEN has a forward annual dividend rate of 0.32. The stock’s 5-year Average Dividend Yield is 1.95. The current Payout Ratio is 36.39% for PTEN, which recently paid a dividend on 2024-02-29 with an ex-dividend date of 1709164800. Stock splits for the company last occurred on 2004-07-01 when the company split stock in a 2:1 ratio.
Earnings Estimates
The dynamic stock of Patterson-UTI Energy Inc (PTEN) is currently attracting attention from 18 analysts actively involved in rating its market status.On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.11, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.15, with high estimates of $0.21 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.92 and $0.43 for the fiscal current year, implying an average EPS of $0.64. EPS for the following year is $1.03, with 19 analysts recommending between $1.44 and $0.71.
Revenue Estimates
In the current quarter, 15 analysts expect revenue to total $1.52B. It ranges from a high estimate of $1.52B to a low estimate of $1.51B. As of the current estimate, Patterson-UTI Energy Inc’s year-ago sales were $791.8M, an estimated increase of 91.30% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.52B, an increase of 100.70% over than the figure of $91.30% in the same quarter last year. There is a high estimate of $1.57B for the next quarter, whereas the lowest estimate is $1.46B.
A total of 18 analysts have provided revenue estimates for PTEN’s current fiscal year. The highest revenue estimate was $6.54B, while the lowest revenue estimate was $5.89B, resulting in an average revenue estimate of $6.16B. In the same quarter a year ago, actual revenue was $4.15B, up 48.60% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $6.56B in the next fiscal year. The high estimate is $7.21B and the low estimate is $5.93B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.
