In the last trading session, 13.1 million Patterson-UTI Energy Inc (NASDAQ:PTEN) shares changed hands as the company’s beta touched 1.36. With the company’s per share price at $6.09 changed hands at -$0.01 or -0.16% during last session, the market valuation stood at $2.35B. PTEN’s last price was a discount, traded about -91.95% off its 52-week high of $11.69. The share price had its 52-week low at $5.12, which suggests the last value was 15.93% up since then. When we look at Patterson-UTI Energy Inc’s average trading volume, we note the 10-day average is 15.33 million shares, with the 3-month average coming to 12.35 million.
Analysts gave the Patterson-UTI Energy Inc (PTEN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. 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 (NASDAQ:PTEN) trade information
Instantly PTEN was in red as seen at the end of in last trading. With action 0.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.27%, with the 5-day performance at 0.33% in the green. However, in the 30-day time frame, Patterson-UTI Energy Inc (NASDAQ:PTEN) is -28.94% down. Looking at the short shares, we see there were 23.2 million shares sold at short interest cover period of 1.91 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 44.64% from its current market value. According to analyst projections, PTEN’s forecast low is 9 with 13 as the target high. To hit the forecast high, the stock’s price needs a -113.46% plunge from its current level, while the stock would need to soar -47.78% for it to hit the projected low.
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 4.25%.
PTEN Dividends
Patterson-UTI Energy Inc is expected to release its next quarterly earnings report on 2025-Apr-22. The 5.25% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 5.25% 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 2.23 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 2.47% of Patterson-UTI Energy Inc shares while 106.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.32%. There are 106.62% 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 Mar 31, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF . With 21.74 shares estimated at $132.41 million under it, the former controlled 5.63% of total outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF held about 5.39% of the shares, roughly 20.81 shares worth around $126.71 million.
