On Monday, Patterson-UTI Energy Inc (NASDAQ: PTEN) was -2.33% drop from the session before settling in for the closing price of $7.72. A 52-week range for PTEN has been $7.38 – $12.65.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 18.44%. When this article was written, the company’s average yearly earnings per share was at -91.57%. With a float of $351.43 million, this company’s outstanding shares have now reached $389.94 million.
The extent of productivity of a business whose workforce counts for 10600 workers is very important to gauge. 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Patterson-UTI Energy Inc stocks. The insider ownership of Patterson-UTI Energy Inc is 9.88%, while institutional ownership is 92.70%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -91.57% per share during the next fiscal year.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Trading Performance Indicators
You can see what Patterson-UTI Energy Inc (PTEN) is doing with its current performance indicators. In the most recent 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 0.51. Likewise, its price to free cash flow for the trailing twelve months is 5.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.20, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.03 in one year’s time.
Technical Analysis of Patterson-UTI Energy Inc (PTEN)
The latest stats from [Patterson-UTI Energy Inc, PTEN] show that its last 5-days average volume of 7.3 million was superior to 7.23 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 21.18%. 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 4.47%, which indicates a significant decrease from 9.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.07% in the past 14 days, which was lower than the 46.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.08, while its 200-day Moving Average is $9.70. Now, the first resistance to watch is $7.69. This is followed by the second major resistance level at $7.84. The third major resistance level sits at $7.97. If the price goes on to break the first support level at $7.41, it is likely to go to the next support level at $7.27. The third support level lies at $7.12 if the price breaches the second support level.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
There are 389,956K outstanding shares of the company, which has a market capitalization of 2.94 billion. As of now, sales total 4,146 M while income totals 246,290 K. Its latest quarter income was 1,357 M while its last quarter net income were -978,760 K.
