Patterson-UTI Energy Inc (NASDAQ: PTEN) is -10.65% lower on its value in year-to-date trading and has touched a low of $7.03 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 $7.51 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $7.38, the stock is -10.60% and -12.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.69 million and changing -1.73% at the moment leaves the stock -16.37% off its SMA200. PTEN registered -36.65% loss for a year compared to 6-month gain of -11.40%.
The stock witnessed a -11.93% loss in the last 1 month and extending the period to 3 months gives it a -9.89%, and is -1.47% 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 5.68% over the week and 5.32% over the month.
Patterson-UTI Energy Inc (PTEN) has around 9200 employees, a market worth around $2.85B and $5.38B in sales. Fwd P/E is 33.27. Profit margin for the company is -18.00%. Distance from 52-week low is 4.98% and -41.66% 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 61.18% this year, but quarterly earnings will post -9.62% year-over-year. Quarterly sales are estimated to shrink -21.69% in year-over-year returns.
Patterson-UTI Energy Inc (PTEN) Top Institutional Holders
The shares outstanding are 387.34M, and float is at 348.31M with Short Float at 6.71%.
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
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Still, SEC filings show that on Feb 14 ’25, Drummond Robert Wayne Jr (Director) disposed off 230,000 shares at an average price of $8.89 for $2.04 million. The insider now directly holds 1,549,081 shares of Patterson-UTI Energy Inc (PTEN).
