Patterson-UTI Energy Inc (NASDAQ: PTEN) started the day on Wednesday, with a price increase of 1.44% at $8.46, before settling in for the price of $8.34 at the close. Taking a more long-term approach, PTEN posted a 52-week range of $7.38-$12.65.
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In the past 5-years timespan, the Energy sector firm’s annual sales growth was 18.44%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -90.95%. This publicly-traded company’s shares outstanding now amounts to $411.20 million, simultaneously with a float of $351.43 million. The organization now has a market capitalization sitting at $3.35 billion. At the time of writing, stock’s 50-day Moving Average stood at $8.12, while the 200-day Moving Average is $9.92.
Patterson-UTI Energy Inc (PTEN) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Oil & Gas Drilling Industry. Patterson-UTI Energy Inc’s current insider ownership accounts for 9.88%, in contrast to 92.66% institutional ownership. According to the most recent insider trade that took place on Jun 18 ’24, this organization’s President-Completions sold 60,000 shares at the rate of 9.87, making the entire transaction reach 592,200 in total value, affecting insider ownership by 114,692. Preceding that transaction, on May 20 ’24, Company’s Director sold 150,000 for 11.55, making the whole transaction’s value amount to 1,732,500. This particular insider is now the holder of 2,007,895 in total.
Patterson-UTI Energy Inc (PTEN) Earnings and Revenue Records
Patterson-UTI Energy Inc’s EPS decrease for this current 12-month fiscal period is -90.95% and is forecasted to reach -0.02 in the upcoming year.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Trading Performance Indicators
Let’s observe the current performance indicators for Patterson-UTI Energy Inc (PTEN). It’s Quick Ratio in the last reported quarter now stands at 1.32. The Stock has managed to achieve an average true range (ATR) of 0.35. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.58. Similarly, its price to free cash flow for trailing twelve months is now 5.88.
In the same vein, PTEN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.20, a figure that is expected to reach -0.07 in the next quarter, and analysts are predicting that it will be -0.02 at the market close of one year from today.
Technical Analysis of Patterson-UTI Energy Inc (PTEN)
If we take a close look at the recent performances of Patterson-UTI Energy Inc (NASDAQ: PTEN), its last 5-days Average volume was 8.07 million that shows progress from its year to date volume of 7.22 million. During the previous 9 days, stock’s Stochastic %D was recorded 51.48% While, its Average True Range was 0.36.
Raw Stochastic average of Patterson-UTI Energy Inc (PTEN) in the period of the previous 100 days is set at 27.86%, which indicates a major fall in contrast to 50.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 41.32% that was lower than 46.09% volatility it exhibited in the past 100-days period.
