On Friday, Patterson-UTI Energy Inc (NASDAQ: PTEN) opened higher 2.51% from the last session, before settling in for the closing price of $7.97. Price fluctuations for PTEN have ranged from $7.45 to $13.48 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 18.44%. Company’s average yearly earnings per share was noted -88.48% at the time writing. With a float of $354.53 million, this company’s outstanding shares have now reached $411.20 million.
Considering the fact that the conglomerate employs 10600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -13.44%, operating margin of -12.65%, and the pretax margin is -14.04%.
Patterson-UTI Energy Inc (PTEN) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas Drilling industry is another important factor to consider. The insider ownership of Patterson-UTI Energy Inc is 9.80%, while institutional ownership is 94.41%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.15 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.19) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -88.48% per share during the next fiscal year.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Trading Performance Indicators
Check out the current performance indicators for Patterson-UTI Energy Inc (PTEN). In the past quarter, the stock posted a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.55. Likewise, its price to free cash flow for the trailing twelve months is 5.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.20, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.06 in one year’s time.
Technical Analysis of Patterson-UTI Energy Inc (PTEN)
Compared to the last year’s volume of 7.09 million, its volume of 11.23 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.24%. Additionally, its Average True Range was 0.34.
During the past 100 days, Patterson-UTI Energy Inc’s (PTEN) raw stochastic average was set at 18.95%, which indicates a significant decrease from 72.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.56% in the past 14 days, which was lower than the 41.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.35, while its 200-day Moving Average is $10.19. Nevertheless, the first resistance level for the watch stands at $8.26 in the near term. At $8.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.47. If the price goes on to break the first support level at $8.05, it is likely to go to the next support level at $7.94. Should the price break the second support level, the third support level stands at $7.84.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
There are currently 401,701K shares outstanding in the company with a market cap of 3.21 billion. Presently, the company’s annual sales total 4,146 M according to its annual income of 246,290 K. Last quarter, the company’s sales amounted to 1,357 M and its income totaled -978,760 K.
