Patterson-UTI Energy Inc (NASDAQ: PTEN) kicked off on Monday, down -1.48% from the previous trading day, before settling in for the closing price of $11.51. Over the past 52 weeks, PTEN has traded in a range of $9.70-$16.17.
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During the last 5-year period, the sales growth of Energy Sector giant was 18.44%. While this was happening, its average annual earnings per share was recorded -49.56%. With a float of $356.63 million, this company’s outstanding shares have now reached $411.20 million.
Let’s determine the extent of company efficiency that accounts for 10600 employees.
Patterson-UTI Energy Inc (PTEN) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Drilling Industry. The insider ownership of Patterson-UTI Energy Inc is 12.63%, while institutional ownership is 86.72%. The most recent insider transaction that took place on Mar 01 ’24, was worth 768,445. In this transaction Director of this company sold 65,344 shares at a rate of $11.76, taking the stock ownership to the 2,407,895 shares. Before that another transaction happened on Feb 29 ’24, when Company’s Director sold 187,916 for $11.73, making the entire transaction worth $2,204,255. This insider now owns 2,473,239 shares in total.
Patterson-UTI Energy Inc (PTEN) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $0.15 earnings per share (EPS), lower than consensus estimate (set at $0.19) by -$0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -49.56% per share during the next fiscal year.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Trading Performance Indicators
Take a look at Patterson-UTI Energy Inc’s (PTEN) current performance indicators. Last quarter, stock had a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.12. Likewise, its price to free cash flow for the trailing twelve months is 11.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.01, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 1.06 in one year’s time.
Technical Analysis of Patterson-UTI Energy Inc (PTEN)
Looking closely at Patterson-UTI Energy Inc (NASDAQ: PTEN), its last 5-days average volume was 5.92 million, which is a drop from its year-to-date volume of 6.56 million. As of the previous 9 days, the stock’s Stochastic %D was 21.67%. Additionally, its Average True Range was 0.40.
During the past 100 days, Patterson-UTI Energy Inc’s (PTEN) raw stochastic average was set at 55.14%, which indicates a significant increase from 14.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.00% in the past 14 days, which was lower than the 36.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.65, while its 200-day Moving Average is $12.59. However, in the short run, Patterson-UTI Energy Inc’s stock first resistance to watch stands at $11.50. Second resistance stands at $11.67. The third major resistance level sits at $11.86. If the price goes on to break the first support level at $11.14, it is likely to go to the next support level at $10.95. Now, if the price goes above the second support level, the third support stands at $10.78.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
The company with the Market Capitalisation of 4.63 billion has total of 403,252K Shares Outstanding. Its annual sales at the moment are 4,146 M in contrast with the sum of 246,290 K annual income. Company’s last quarter sales were recorded 1,584 M and last quarter income was 61,950 K.
