On Monday, Patterson-UTI Energy Inc (NASDAQ: PTEN) was -2.08% drop from the session before settling in for the closing price of $7.68. A 52-week range for PTEN has been $7.15 – $12.65.
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During the last 5-year period, the sales growth of Energy Sector giant was 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.
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
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 Dec 18 ’24, was worth 588,800. In this transaction Director of this company sold 80,000 shares at a rate of $7.36, taking the stock ownership to the 32,438 shares. Before that another transaction happened on Dec 18 ’24, when Company’s Director proposed sale 80,000 for $7.50, making the entire transaction worth $600,000.
Patterson-UTI Energy Inc (PTEN) Earnings and Forecasts
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 5.15.
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)
Looking closely at Patterson-UTI Energy Inc (NASDAQ: PTEN), its last 5-days average volume was 16.3 million, which is a jump from its year-to-date volume of 7.41 million. As of the previous 9 days, the stock’s Stochastic %D was 40.06%. 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 13.03%, which indicates a significant decrease from 29.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.61% in the past 14 days, which was higher than the 44.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.00, while its 200-day Moving Average is $9.59. However, in the short run, Patterson-UTI Energy Inc’s stock first resistance to watch stands at $7.64. Second resistance stands at $7.76. The third major resistance level sits at $7.85. If the price goes on to break the first support level at $7.43, it is likely to go to the next support level at $7.34. Should the price break the second support level, the third support level stands at $7.22.
Patterson-UTI Energy Inc (NASDAQ: PTEN) Key Stats
There are 389,956K outstanding shares of the company, which has a market capitalization of 2.93 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.
