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The price of Patterson-UTI Energy Inc (NASDAQ: PTEN) closed at $8.26 in the last session, down -1.31% from day before closing price of $8.37. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 6.27 million shares were traded. PTEN stock price reached its highest trading level at $8.57 during the session, while it also had its lowest trading level at $8.165.
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 27.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
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 3221036544 and an Enterprise Value of 4429766144. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 0.764 whereas that against EBITDA is 3.204.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.38. The 50-Day Moving Average of the stock is 2.34%, while the 200-Day Moving Average is calculated to be -17.57%.
Shares Statistics:
According to the various share statistics, PTEN traded on average about 7.89M shares per day over the past 3-months and 9005950 shares per day over the past 10 days. A total of 411.20M shares are outstanding, with a floating share count of 351.43M. Insiders hold about 9.88% of the company’s shares, while institutions hold 94.41% stake in the company. Shares short for PTEN as of 1730332800 were 27326713 with a Short Ratio of 3.46, compared to 1727654400 on 29774153. Therefore, it implies a Short% of Shares Outstanding of 27326713 and a Short% of Float of 9.770001.
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 0.03823178The stock’s 5-year Average Dividend Yield is 2.16.
