Currently, there are 387.34M common shares owned by the public and among those 348.31M shares have been available to trade.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The company’s stock has a 5-day price change of -9.43% and -10.19% over the past three months. PTEN shares are trading -9.32% year to date (YTD), with the 12-month market performance down to -35.49% lower. It has a 12-month low price of $7.15 and touched a high of $12.65 over the same period. PTEN has an average intraday trading volume of 9.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.74%, -11.02%, and -16.04% respectively.
Institutional ownership of Patterson-UTI Energy Inc (NASDAQ: PTEN) shares accounts for 97.29% of the company’s 387.34M shares outstanding.
It has a market capitalization of $2.89B and a beta (3y monthly) value of 2.00. The earnings-per-share (ttm) stands at -$2.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.82% over the week and 5.18% over the month.
Earnings per share for the fiscal year are expected to increase by 42.65%, and 502.11% over the next financial year.
Goldman coverage for the Patterson-UTI Energy Inc (PTEN) stock in a research note released on December 13, 2024 offered a Buy rating with a price target of $10. The Benchmark Company was of a view on January 16, 2024 that the stock is Hold, while Goldman gave the stock Neutral rating on December 19, 2023, issuing a price target of $12. Morgan Stanley on their part issued Equal-Weight rating on October 17, 2023.
