Patterson-UTI Energy Inc (NASDAQ: PTEN) is -1.82% lower on its value in year-to-date trading and has touched a low of $7.15 and a high of $12.65 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 $8.27 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $8.11, the stock is -5.02% and -3.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.26 million and changing -1.93% at the moment leaves the stock -9.69% off its SMA200. PTEN registered -31.50% loss for a year compared to 6-month loss of -10.09%.
The stock witnessed a -7.31% gain in the last 1 month and extending the period to 3 months gives it a -0.25%, and is -10.78% 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 4.61% over the week and 4.63% over the month.
Patterson-UTI Energy Inc (PTEN) has around 9200 employees, a market worth around $3.13B and $5.38B in sales. Fwd P/E is 40.34. Profit margin for the company is -18.00%. Distance from 52-week low is 13.43% and -35.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.47%).
with sales reaching $1.18B over the same period.The EPS is expected to grow by 15.51% this year, but quarterly earnings will post -9.66% year-over-year. Quarterly sales are estimated to shrink -21.86% in year-over-year returns.
Patterson-UTI Energy Inc (PTEN) Top Institutional Holders
The shares outstanding are 387.34M, and float is at 348.21M with Short Float at 6.80%.
The top institutional shareholder in the company is BLACKROCK INC. with over 57.44 million shares valued at $595.11 million. The investor’s holdings represent 14.3767% of the PTEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 45.15 million shares valued at $467.77 million to account for 11.3004 of the shares outstanding. The other top investors are BLACKSTONE INC. which holds 28.72 million shares representing 7.1882% and valued at over $297.55 million, while MACQUARIE GROUP LTD holds 4.2325 of the shares totaling 16.91 million with a market value of $175.21 million.
Patterson-UTI Energy Inc (PTEN) Insider Activity
The most recent transaction is an insider sale by Drummond Robert Wayne Jr, the company’s Director. SEC filings show that Drummond Robert Wayne Jr sold 230,000 shares of the company’s common stock on Feb 14 ’25 at a price of $8.89 per share for a total of $2.04 million. Following the sale, the insider now owns 1.55 million shares.
Still, SEC filings show that on Dec 18 ’24, STEWART JAMES CARL (Director) disposed off 80,000 shares at an average price of $7.36 for $0.59 million. The insider now directly holds 32,438 shares of Patterson-UTI Energy Inc (PTEN).
