Patterson-UTI Energy Inc (NASDAQ: PTEN) is 2.78% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PTEN stock was last observed hovering at around $8.46 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $8.49, the stock is 7.63% and 1.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.97 million and changing 0.35% at the moment leaves the stock -2.19% off its SMA200. PTEN registered -28.29% loss for a year compared to 6-month loss of 1.43%. The firm has a 50-day simple moving average (SMA 50) of $8.3758 and a 200-day simple moving average (SMA200) of $8.68025.
The stock witnessed a 2.66% gain in the last 1 month and extending the period to 3 months gives it a 16.46%, and is 7.20% up 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 3.77% over the week and 5.31% over the month.
Patterson-UTI Energy Inc (PTEN) has around 9200 employees, a market worth around $3.28B and $5.38B in sales. Fwd P/E is 37.46. Profit margin for the company is -18.00%. Distance from 52-week low is 20.77% and -32.89% 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 59.87% this year, but quarterly earnings will post -9.67% year-over-year. Quarterly sales are estimated to shrink -21.91% in year-over-year returns.
Patterson-UTI Energy Inc (PTEN) Top Institutional Holders
476.0 institutions hold shares in Patterson-UTI Energy Inc (PTEN), with institutional investors hold 108.99% of the company’s shares. The shares outstanding are 387.34M, and float is at 348.17M with Short Float at 7.54%. Institutions hold 106.23% of the Float.
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 purchase by Hendricks William Andrew JR, the company’s President & CEO. SEC filings show that Hendricks William Andrew JR bought 25,000 shares of the company’s common stock on Mar 12 ’25 at a price of $7.88 per share for a total of $0.2 million. Following the purchase, the insider now owns 2.48 million shares.
Patterson-UTI Energy Inc disclosed in a document filed with the SEC on Mar 07 ’25 that STEWART JAMES CARL (Director) sold a total of 192,000 shares of the company’s common stock. The trade occurred on Mar 07 ’25 and was made at $7.41 per share for $1.42 million. Following the transaction, the insider now directly holds 1.01 million shares of the PTEN stock.
Still, SEC filings show that on Mar 07 ’25, STEWART JAMES CARL (Director) disposed off 48,149 shares at an average price of $7.42 for $0.36 million. The insider now directly holds 85,475 shares of Patterson-UTI Energy Inc (PTEN).
