During the recent session, Patterson-UTI Energy Inc (NASDAQ:PTEN)’s traded shares were 0.97 million, with the beta value of the company hitting 1.68. At the last check today, the stock’s price was $7.45, reflecting an intraday gain of 4.13% or $0.3. The 52-week high for the PTEN share is $12.65, that puts it down -69.8 from that peak though still a striking 5.64% gain since the share price plummeted to a 52-week low of $7.03. The company’s market capitalization is $2.88B, and the average trade volume was 9.83 million shares over the past three months.
Patterson-UTI Energy Inc (PTEN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.89. PTEN has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information
Patterson-UTI Energy Inc (PTEN) registered a 4.13% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.13% in intraday trading to $7.45, hitting a weekly high. The stock’s 5-day price performance is -10.41%, and it has moved by -11.16% in 30 days. Based on these gigs, the overall price performance for the year is -35.60%.
The consensus price target of analysts on Wall Street is $12, which implies an increase of 37.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.5 and $13 respectively. As a result, PTEN is trading at a discount of -74.5% off the target high and -40.94% off the low.
Patterson-UTI Energy Inc (PTEN) estimates and forecasts
In the rating firms’ projections, revenue will decrease -9.83% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.18B as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 1.22B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.51B and 1.35B respectively. In this case, analysts expect current quarter sales to shrink by -21.99% and then drop by -9.87% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -3.06%. While earnings are projected to return 44.44% in 2025.
PTEN Dividends
Patterson-UTI Energy Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Patterson-UTI Energy Inc is 0.40, with the dividend yield indicating at 5.37 percent, continuing the trend of increasing dividends in recent years.
Patterson-UTI Energy Inc (NASDAQ:PTEN)’s Major holders
The next largest institutional holding, with 45.15 million shares, is of VANGUARD GROUP INC’s that is approximately 11.3004% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $467.77 million.
Also, the Mutual Funds coming in first place with the largest holdings of Patterson-UTI Energy Inc (PTEN) shares are iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF. Data provided on Dec 31, 2024 indicates that iShares Core S&P Smallcap ETF owns about 22.9 shares. This amounts to just over 5.93 percent of the company’s overall shares, with a $170.37 million market value. The same data shows that the other fund manager holds slightly less at 19.72, or about 5.10% of the stock, which is worth about $146.7 million.
