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Patterson-UTI Energy Inc (NASDAQ: PTEN) closed the day trading at $7.90 down -2.59% from the previous closing price of $8.11. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 9.07 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 12.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.14. 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 Feb 14 ’25 when Drummond Robert Wayne Jr sold 230,000 shares for $8.89 per share. The transaction valued at 2,044,700 led to the insider holds 1,549,081 shares of the business.
Drummond Robert Wayne Jr bought 230,000 shares of PTEN for $2,045,017 on Feb 14 ’25. On Dec 18 ’24, another insider, STEWART JAMES CARL, who serves as the Director of the company, sold 80,000 shares for $7.36 each. As a result, the insider received 588,800 and left with 32,438 shares of the company.
Valuation Measures:
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 0.88.
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 $7.15. The 50-Day Moving Average of the stock is -5.92%, while the 200-Day Moving Average is calculated to be -11.89%.
Shares Statistics:
A total of 387.34M shares are outstanding, with a floating share count of 348.21M. Insiders hold about 9.88% of the company’s shares, while institutions hold 97.28% stake in the company.
