In the last trading session, 10.16 million shares of the Patterson-UTI Energy Inc (NASDAQ:PTEN) were traded, and its beta was 1.40. Most recently the company’s share price was $5.75, and it changed around -$0.01 or -0.17% from the last close, which brings the market valuation of the company to $2.22B. PTEN currently trades at a discount to its 52-week high of $12.15, offering almost -111.3% off that amount. The share price’s 52-week low was $5.12, which indicates that the current value has risen by an impressive 10.96% since then. We note from Patterson-UTI Energy Inc’s average daily trading volume that its 10-day average is 12.51 million shares, with the 3-month average coming to 11.22 million.
Patterson-UTI Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 4 recommended PTEN as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Patterson-UTI Energy Inc is expected to report earnings per share of -0.04 for the current quarter.
Patterson-UTI Energy Inc (NASDAQ:PTEN) trade information
Instantly PTEN has showed a red trend with a performance of -0.17% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.69 on recent trading dayincreased the stock’s daily price by 14.05%. The company’s shares are currently down -30.39% year-to-date, but still up 1.05% over the last five days. On the other hand, Patterson-UTI Energy Inc (NASDAQ:PTEN) is -27.31% down in the 30-day period. We can see from the shorts that 19.64 million shares have been sold at a short interest cover period of 1.5 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 52.08% from its current value. Analyst projections state that PTEN is forecast to be at a low of $9 and a high of $13.
Patterson-UTI Energy Inc (PTEN) estimates and forecasts
The year-over-year growth rate is expected to be -10.14%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 1.18B in revenue for the current quarter. 9 analysts expect Patterson-UTI Energy Inc to make 1.22B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.51B and 1.35B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -21.93%. Forecasts for the next quarter put sales growth at -9.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.06%.
PTEN Dividends
Patterson-UTI Energy Inc’s next quarterly earnings report is expected to be released on 2025-Feb-05. The annual dividend yield of the stock is 5.57 percent and its annual dividend per share was 0.32. It is important to note, however, that the 5.57% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.23 per year.
Patterson-UTI Energy Inc (NASDAQ:PTEN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.47% of Patterson-UTI Energy Inc shares, and 106.93% of them are in the hands of institutional investors. The stock currently has a share float of 109.64%. Patterson-UTI Energy Inc stock is held by 479.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 14.3767% of the shares, which is about 57.44 million shares worth $595.11 million.
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 Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 21.74 shares worth $125.02 million, making up 5.63% of all outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF held roughly 20.81 shares worth around $119.64 million, which represents about 5.39% of the total shares outstanding.
