Patterson-UTI Energy Inc. (NASDAQ: PTEN) on June 21, 2022, started off the session at the price of $15.74, soaring 7.61% from the previous trading day. During the day, the shares moved up to $16.595 and dropped to $15.63 before settling in for the closing price of $15.24. Within the past 52 weeks, PTEN’s price has moved between $6.44 and $20.53.
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A company in the Energy sector has jumped its sales by 8.20% annually for the last half of the decade. The company achieved an average annual earnings per share of 21.20%. With a float of $211.83 million, this company’s outstanding shares have now reached $215.27 million.
In an organization with 5000 employees, it is important to assess its efficiency.
Patterson-UTI Energy Inc. (PTEN) Insider Updates
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Patterson-UTI Energy Inc. is 2.00%, while institutional ownership is 97.40%. The most recent insider transaction that took place on Jun 13, was worth 145,411. In this transaction President-Drilling Subsidiary of this company sold 8,333 shares at a rate of $17.45, taking the stock ownership to the 364,775 shares. Before that another transaction happened on Jun 10, when Company’s President & CEO sold 200,000 for $18.07, making the entire transaction worth $3,614,736. This insider now owns 1,901,374 shares in total.
Patterson-UTI Energy Inc. (PTEN) Performance Highlights and Predictions
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.13 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.21) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.20% per share during the next fiscal year.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) Trading Performance Indicators
Patterson-UTI Energy Inc. (PTEN) is currently performing well based on its current performance indicators. A quick ratio of 1.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.82, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.91 in one year’s time.
Technical Analysis of Patterson-UTI Energy Inc. (PTEN)
Let’s dig in a bit further. During the last 5-days, its volume was 4.54 million. That was better than the volume of 3.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.67%. Additionally, its Average True Range was 1.04.
During the past 100 days, Patterson-UTI Energy Inc.’s (PTEN) raw stochastic average was set at 61.87%, which indicates a significant increase from 32.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.42% in the past 14 days, which was lower than the 62.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.05, while its 200-day Moving Average is $12.10. However, in the short run, Patterson-UTI Energy Inc.’s stock first resistance to watch stands at $16.79. Second resistance stands at $17.17. The third major resistance level sits at $17.75. If the price goes on to break the first support level at $15.82, it is likely to go to the next support level at $15.24. Assuming the price breaks the second support level, the third support level stands at $14.86.
Patterson-UTI Energy Inc. (NASDAQ: PTEN) Key Stats
Market capitalization of the company is 3.71 billion based on 216,303K outstanding shares. Right now, sales total 1,357 M and income totals -654,550 K. The company made 509,380 K in profit during its latest quarter, and -28,780 K in sales during its previous quarter.
