Patterson-UTI Energy Inc (NASDAQ: PTEN) on Friday, plunged -2.66% from the previous trading day, before settling in for the closing price of $8.26. Within the past 52 weeks, PTEN’s price has moved between $7.38 and $12.65.
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During the last 5-year period, the sales growth of Energy Sector giant was 18.44%. The company achieved an average annual earnings per share of -91.79%. With a float of $351.43 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. In terms of profitability, gross margin is 7.32%, operating margin of -12.64%, and the pretax margin is -14.04%.
Patterson-UTI Energy Inc (PTEN) Insider Activity
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Patterson-UTI Energy Inc is 9.88%, while institutional ownership is 92.69%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.19 earnings per share (EPS) for the period topping the consensus outlook (set at 0.19) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -91.79% 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 1.32 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 0.53. Likewise, its price to free cash flow for the trailing twelve months is 5.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.20, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 0.05 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 6.88 million, which is a drop from its year-to-date volume of 7.23 million. As of the previous 9 days, the stock’s Stochastic %D was 58.33%. 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 17.07%, which indicates a significant decrease from 48.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.68% in the past 14 days, which was higher than the 45.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.07, while its 200-day Moving Average is $10.01. However, in the short run, Patterson-UTI Energy Inc’s stock first resistance to watch stands at $8.29. Second resistance stands at $8.55. The third major resistance level sits at $8.69. If the price goes on to break the first support level at $7.90, it is likely to go to the next support level at $7.76. Should the price break the second support level, the third support level stands at $7.50.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
Market capitalization of the company is 3.05 billion based on 389,956K outstanding shares. Right now, sales total 4,146 M and income totals 246,290 K. The company made 1,357 M in profit during its latest quarter, and -978,760 K in sales during its previous quarter.
