In the latest trading session, 0.9 million Patterson-UTI Energy Inc (NASDAQ:PTEN) shares changed hands as the company’s beta touched 1.64. With the company’s most recent per share price at $7.95 changing hands around $0.09 or 1.08% at last look, the market valuation stands at $3.07B. PTEN’s current price is a discount, trading about -59.12% off its 52-week high of $12.65. The share price had its 52-week low at $7.03, which suggests the last value was 11.57% up since then. When we look at Patterson-UTI Energy Inc’s average trading volume, we note the 10-day average is 14.14 million shares, with the 3-month average coming to 10.56 million.

Analysts gave the Patterson-UTI Energy Inc (PTEN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 1 recommended PTEN as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Patterson-UTI Energy Inc’s EPS for the current quarter is expected to be -0.04.

Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information

Instantly PTEN is in green as seen in intraday trades today. With action 1.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -3.81%, with the 5-day performance at 1.86% in the green. However, in the 30-day time frame, Patterson-UTI Energy Inc (NASDAQ:PTEN) is -10.93% down. Looking at the short shares, we see there were 26.25 million shares sold at short interest cover period of 2.62 days.

The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 33.75% from its recent market value. According to analyst projections, PTEN’s forecast low is 10.5 with 13 as the target high. To hit the forecast high, the stock’s price needs a -63.52% plunge from its current level, while the stock would need to soar -32.08% for it to hit the projected low.

Patterson-UTI Energy Inc (PTEN) estimates and forecasts

Year-over-year growth is forecast to reach -9.62% down from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 1.18B. 10 analysts are of the opinion that Patterson-UTI Energy Inc’s revenue for the current quarter will be 1.22B. The company’s revenue for the corresponding quarters a year ago was 1.51B and 1.35B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.69%. The estimates for the next quarter sales put growth at -9.34%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.06%. The 2025 estimates are for Patterson-UTI Energy Inc earnings to increase by 61.18%.

PTEN Dividends

Patterson-UTI Energy Inc is expected to release its next quarterly earnings report on 2025-Feb-05. The 4.03% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 4.03% 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. During the past 5 years, the average dividend yield was 2.28 per year.

Patterson-UTI Energy Inc (NASDAQ:PTEN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.54% of Patterson-UTI Energy Inc shares while 105.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 108.66%. There are 105.90% institutions holding the Patterson-UTI Energy Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 14.3767% of the shares, roughly 57.44 million PTEN shares worth $595.11 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.3004% or 45.15 million shares worth $467.77 million as of 2024-06-30.

Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF. With 22.8 shares estimated at $180.93 million under it, the former controlled 5.90% of total outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held about 5.10% of the shares, roughly 19.72 shares worth around $156.46 million.