Patterson-UTI Energy Inc. (NASDAQ: PTEN) is -4.28% lower on its value in year-to-date trading and has touched a low of $8.77 and a high of $20.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PTEN stock was last observed hovering at around $16.00 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $16.12, the stock is -3.45% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing 0.75% at the moment leaves the stock 1.36% off its SMA200. PTEN registered 64.49% gain for a year compared to 6-month gain of 20.93%.
The stock witnessed a -4.95% loss in the last 1 month and extending the period to 3 months gives it a 8.19%, and is -7.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 5.23% over the month.
Patterson-UTI Energy Inc. (PTEN) has around 5000 employees, a market worth around $3.48B and $2.33B in sales. Fwd P/E is 7.15. Profit margin for the company is -13.20%. Distance from 52-week low is 83.77% and -21.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.00%).
Patterson-UTI Energy Inc. is expected to release its quarterly report on 04/27/2023.The EPS is expected to grow by 21.20% this year.
Patterson-UTI Energy Inc. (PTEN) Top Institutional Holders
The shares outstanding are 216.82M, and float is at 212.38M with Short Float at 5.12%.
Patterson-UTI Energy Inc. (PTEN) Insider Activity
A total of 11 insider transactions have happened at Patterson-UTI Energy Inc. (PTEN) in the last six months, with sales accounting for 4 and purchases happening 7 times. The most recent transaction is an insider sale by Holcomb James Michael,the company’sPresident-Drilling Subsidiary. SEC filings show that Holcomb James Michael sold 58,335 shares of the company’s common stock on Nov 04 at a price of $18.65 per share for a total of $1.09 million. Following the sale, the insider now owns 0.27 million shares.
Patterson-UTI Energy Inc. disclosed in a document filed with the SEC on Oct 26 that Holcomb James Michael (President-Drilling Subsidiary) sold a total of 16,666 shares of the company’s common stock. The trade occurred on Oct 26 and was made at $16.01 per share for $0.27 million. Following the transaction, the insider now directly holds 0.33 million shares of the PTEN stock.
Still, SEC filings show that on Aug 23, Holcomb James Michael (President-Drilling Subsidiary) disposed off 8,333 shares at an average price of $16.00 for $0.13 million. The insider now directly holds 348,109 shares of Patterson-UTI Energy Inc. (PTEN).
Patterson-UTI Energy Inc. (PTEN): Who are the competitors?
The company’s main competitors (and peers) include Nabors Industries Ltd. (NBR) that is trading 72.76% up over the past 12 months and Precision Drilling Corporation (PDS) that is 96.72% higher over the same period. Transocean Ltd. (RIG) is 85.42% up on the 1-year trading charts.