A new trading day began on Monday, with Patterson-UTI Energy Inc (NASDAQ: PTEN) stock price down -0.85% from the previous day of trading, before settling in for the closing price of $8.20. PTEN’s price has ranged from $8.15 to $16.17 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Energy sector has jumped its sales by 18.44% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -80.36%. With a float of $354.53 million, this company’s outstanding shares have now reached $411.20 million.
In an organization with 10600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 10.57%, operating margin of 4.9%, and the pretax margin is 3.48%.
Patterson-UTI Energy Inc (PTEN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Drilling Industry. The insider ownership of Patterson-UTI Energy Inc is 9.80%, while institutional ownership is 94.54%. The most recent insider transaction that took place on Jun 18 ’24, was worth 592,200. In this transaction President-Completions of this company sold 60,000 shares at a rate of $9.87, taking the stock ownership to the 114,692 shares. Before that another transaction happened on May 20 ’24, when Company’s Director sold 150,000 for $11.55, making the entire transaction worth $1,732,500. This insider now owns 2,007,895 shares in total.
Patterson-UTI Energy Inc (PTEN) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -80.36% per share during the next fiscal year.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Trading Performance Indicators
Here are Patterson-UTI Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.59. Likewise, its price to free cash flow for the trailing twelve months is 7.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.39 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 6.22 million. That was inferior than the volume of 6.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 2.79%. Additionally, its Average True Range was 0.36.
During the past 100 days, Patterson-UTI Energy Inc’s (PTEN) raw stochastic average was set at 0.56%, which indicates a significant decrease from 1.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.27% in the past 14 days, which was lower than the 40.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.59, while its 200-day Moving Average is $10.71. However, in the short run, Patterson-UTI Energy Inc’s stock first resistance to watch stands at $8.22. Second resistance stands at $8.32. The third major resistance level sits at $8.37. If the price goes on to break the first support level at $8.07, it is likely to go to the next support level at $8.02. Assuming the price breaks the second support level, the third support level stands at $7.92.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
With a market capitalization of 3.20 billion, the company has a total of 401,701K Shares Outstanding. Currently, annual sales are 4,146 M while annual income is 246,290 K. The company’s previous quarter sales were 1,348 M while its latest quarter income was 11,080 K.
