In today’s recent session, 0.96 million shares of the Patterson-UTI Energy Inc (NASDAQ:PTEN) have been traded, and its beta is 1.67. Most recently the company’s share price was $7.32, and it changed around -$0.19 or -2.46% from the last close, which brings the market valuation of the company to $2.83B. PTEN at last check was trading at a discount to its 52-week high of $12.65, offering almost -72.81% off that amount. The share price’s 52-week low was $7.10, which indicates that the recent value has risen by an impressive 3.01% since then.
Patterson-UTI Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 5 recommended PTEN as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.
Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information
Instantly PTEN has been showing red trend so far today with a performance of -2.46% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.48 on recent trading dayincreased the stock’s daily price by 13.68%. The company’s shares are currently down -11.32% year-to-date, but still down -7.28% over the last five days. On the other hand, Patterson-UTI Energy Inc (NASDAQ:PTEN) is -7.04% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 39.0% from its current value. Analyst projections state that PTEN is forecast to be at a low of $10.5 and a high of $13.
PTEN Dividends
Patterson-UTI Energy Inc’s next quarterly earnings report is expected to be released in April. The annual dividend yield of the stock is 5.46 percent and its annual dividend per share was 0.40. It is important to note, however, that the 5.46% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Patterson-UTI Energy Inc (NASDAQ:PTEN)’s Major holders
VANGUARD GROUP INC, with 11.3004% or 45.15 million shares worth $467.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 22.9 shares worth $167.28 million, making up 5.93% of all outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held roughly 19.72 shares worth around $144.03 million, which represents about 5.10% of the total shares outstanding.
