Currently, there are 385.98M common shares owned by the public and among those 347.74M shares have been available to trade.
The company’s stock has a 5-day price change of -6.17% and -34.76% over the past three months. PTEN shares are trading -28.21% year to date (YTD), with the 12-month market performance down to -46.14% lower. It has a 12-month low price of $5.12 and touched a high of $11.69 over the same period. PTEN has an average intraday trading volume of 13.03 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 -0.43%, -11.98%, and -25.27% respectively.
Institutional ownership of Patterson-UTI Energy Inc (NASDAQ: PTEN) shares accounts for 97.83% of the company’s 385.98M shares outstanding.
It has a market capitalization of $2.29B and a beta (3y monthly) value of 1.35. The earnings-per-share (ttm) stands at -$2.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.19% over the week and 4.80% over the month.
Analysts forecast that Patterson-UTI Energy Inc (PTEN) will achieve an EPS of -0.02 for the current quarter, -0.02 for the next quarter and -0.06 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.04 while analysts give the company a high EPS estimate of -0.04. Comparatively, EPS for the current quarter was 0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.15%, and 62.21% over the next financial year.
Looking at the support for the PTEN, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on May 19, 2025, with the firm’s price target at $6.50. Goldman on their part issued Neutral rating on December 19, 2023.
