As on Thursday, Patterson-UTI Energy Inc (NASDAQ: PTEN) started slowly as it slid -2.43% to $7.62, before settling in for the price of $7.81 at the close. Taking a more long-term approach, PTEN posted a 52-week range of $7.38-$12.65.
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
The Energy Sector giants’ yearly sales growth during the last 5-year period was 18.44%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -91.57%. This publicly-traded company’s shares outstanding now amounts to $389.94 million, simultaneously with a float of $351.43 million. The organization now has a market capitalization sitting at $2.97 billion. At the time of writing, stock’s 50-day Moving Average stood at $8.11, while the 200-day Moving Average is $9.74.
Patterson-UTI Energy Inc (PTEN) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Oil & Gas Drilling industry. Patterson-UTI Energy Inc’s current insider ownership accounts for 9.88%, in contrast to 92.70% 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 -91.57% and is forecasted to reach -0.03 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 0.51. Similarly, its price to free cash flow for trailing twelve months is now 5.22.
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 -0.08 in the next quarter, and analysts are predicting that it will be -0.03 at the market close of one year from today.
Technical Analysis of Patterson-UTI Energy Inc (PTEN)
Through scrutinizing the latest numbers posted by the [Patterson-UTI Energy Inc, PTEN], it can be observed that its last 5-days Average volume of 9.21 million was better the volume of 7.23 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 29.28% While, its Average True Range was 0.35.
Raw Stochastic average of Patterson-UTI Energy Inc (PTEN) in the period of the previous 100 days is set at 6.63%, which indicates a major fall in contrast to 14.00% 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 44.25% that was lower than 46.87% volatility it exhibited in the past 100-days period.
