In the last trading session, 5.05 million Patterson-UTI Energy Inc (NASDAQ:PTEN) shares changed hands as the company’s beta touched 2.23. With the company’s per share price at $11.33 changed hands at -$0.16 or -1.39% during last session, the market valuation stood at $4.62B. PTEN’s last price was a discount, traded about -42.72% off its 52-week high of $16.17. The share price had its 52-week low at $9.70, which suggests the last value was 14.39% up since then. When we look at Patterson-UTI Energy Inc’s average trading volume, we note the 3-month average coming to 6.65 million.
Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information
Instantly PTEN was in red as seen at the end of in last trading. With action -5.74%, the performance over the past five days has been red. The drop to weekly highs of 12.17 subtracted -1.39% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.91%, with the 5-day performance at -5.74% in the red. However, in the 30-day time frame, Patterson-UTI Energy Inc (NASDAQ:PTEN) is -1.82% down.
Patterson-UTI Energy Inc (PTEN) estimates and forecasts
Data shows that the Patterson-UTI Energy Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -17.78% over the past 6 months, a -45.69% in annual growth rate that is considerably lower than the industry average of -1.50%.
The 2024 estimates are for Patterson-UTI Energy Inc earnings to decrease by -48.63%, but the outlook for the next 5-year period is at 44.60% per year.
PTEN Dividends
Patterson-UTI Energy Inc is expected to release its next quarterly earnings report between April 25 and April 29. The 2.82% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 2.82% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
