Patterson-UTI Energy Inc (NASDAQ:PTEN)’s traded shares stood at 1.68 million during the latest session, with the company’s beta value hitting 1.35. At the last check today, the stock’s price was $5.80, to imply a decrease of -11.66% or -$0.76 in intraday trading. The PTEN share’s 52-week high remains $12.17, putting it -109.83% down since that peak but still an impressive 11.72% since price per share fell to its 52-week low of $5.12. The company has a valuation of $2.24B, with an average of 11.95 million shares in intraday trading volume over the past 10 days and average of 11.23 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Patterson-UTI Energy Inc (PTEN), translating to a mean rating of 1.75. Of 10 analyst(s) looking at the stock, 0 analyst(s) give PTEN a Sell rating. 2 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.
Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information
After registering a -11.66% downside in the latest session, Patterson-UTI Energy Inc (PTEN) has traded red over the past five days. The 5-day price performance for the stock is -16.38%, and -26.08% over 30 days. With these gigs, the year-to-date price performance is -29.84%. Short interest in Patterson-UTI Energy Inc (NASDAQ:PTEN) saw shorts transact 25.21 million shares and set a 2.17 days time to cover.
The extremes give us $9 and $13 for target low and target high price respectively. As such, PTEN has been trading -124.14% off suggested target high and -55.17% from its likely low.
Patterson-UTI Energy Inc (PTEN) estimates and forecasts
The rating firms project that company’s revenue will shrink -10.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 1.18B. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 1.22B.Earnings reports from the last fiscal year show that sales brought in 1.51B and 1.35B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -21.88% before dropping -9.60% in the following quarter.
PTEN Dividends
Patterson-UTI Energy Inc has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Patterson-UTI Energy Inc has a forward dividend ratio of 0.32, with the share yield ticking at 5.52% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.23%.
Patterson-UTI Energy Inc (NASDAQ:PTEN)’s Major holders
Patterson-UTI Energy Inc insiders hold 2.54% of total outstanding shares, with institutional holders owning 106.15% of the shares at 108.91% float percentage. In total, 106.15% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 57.44 million shares (or 14.3767% of shares), all amounting to roughly $595.11 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 45.15 million shares, or about 11.3004% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $467.77 million.
We also have iShares Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF as the top two Mutual Funds with the largest holdings of the Patterson-UTI Energy Inc (PTEN) shares. Going by data provided on Feb 28, 2025 , iShares Trust-iShares Core S&P Small-Cap ETF holds roughly 22.62 shares. This is just over 5.85% of the total shares, with a market valuation of $129.72 million. Data from the same date shows that the other fund manager holds a little less at 20.81, or 5.38% of the shares, all valued at about 119.32 million.
