Patterson-UTI Energy Inc (PTEN) concluded trading on Wednesday at a closing price of $9.13, with 10.69 million shares of worth about $97.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.67% during that period and on January 22, 2025 the price saw a loss of about -1.30%. Currently the company’s common shares owned by public are about 389.94M shares, out of which, 351.29M shares are available for trading.
Stock saw a price change of 2.01% in past 5 days and over the past one month there was a price change of 25.76%. Year-to-date (YTD), PTEN shares are showing a performance of 10.53% which decreased to -9.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.15 but also hit the highest price of $12.65 during that period. The average intraday trading volume for Patterson-UTI Energy Inc shares is 8.77 million. The stock is currently trading 7.25% above its 20-day simple moving average (SMA20), while that difference is up 10.65% for SMA50 and it goes to -1.89% lower than SMA200.
Patterson-UTI Energy Inc (NASDAQ: PTEN) currently have 389.94M outstanding shares and institutions hold larger chunk of about 92.24% of that.
The stock has a current market capitalization of $3.56B and its 3Y-monthly beta is at 2.09. It has posted earnings per share of -$2.20 in the same period. It has Quick Ratio of 1.32 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PTEN, volatility over the week remained 4.13% while standing at 3.74% over the month.
Analysts are in expectations that Patterson-UTI Energy Inc (PTEN) stock would likely to be making an EPS of -0.08 in the current quarter, while forecast for next quarter EPS is -0.07 and it is 0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.1 which is -0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -91.47% while it is estimated to decrease by -201.11% in next year.
Coverage by Goldman stated Patterson-UTI Energy Inc (PTEN) stock as a Buy in their note to investors on December 13, 2024, suggesting a price target of $10 for the stock. On January 16, 2024, The Benchmark Company Downgrade their recommendations, while on December 19, 2023, Goldman Initiated their ratings for the stock with a price target of $12. Stock get an Equal-weight rating from Morgan Stanley on October 17, 2023.
