Patterson-UTI Energy Inc (NASDAQ: PTEN) is -20.52% lower on its value in year-to-date trading and has touched a low of $5.12 and a high of $11.27 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 $6.43 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $6.57, the stock is 11.30% and 11.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.35 million and changing 2.10% at the moment leaves the stock -13.78% off its SMA200. PTEN registered -35.00% loss for a year compared to 6-month loss of -13.85%.
The stock witnessed a 7.45% gain in the last 1 month and extending the period to 3 months gives it a -17.11%, and is 6.57% 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 1.98% over the week and 2.54% over the month.
Patterson-UTI Energy Inc (PTEN) has around 9200 employees, a market worth around $2.53B and $5.15B in sales. Profit margin for the company is -19.78%. Distance from 52-week low is 28.22% and -41.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.72%).
with sales reaching $1.24B over the same period.The EPS is expected to shrink by -38.34% this year, but quarterly earnings will post -8.88% year-over-year. Quarterly sales are estimated to shrink -8.31% in year-over-year returns.
Patterson-UTI Energy Inc (PTEN) Top Institutional Holders
The shares outstanding are 385.98M, and float is at 347.77M with Short Float at 10.61%.
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 STEWART JAMES CARL, the company’s Director. SEC filings show that STEWART JAMES CARL sold 74,500 shares of the company’s common stock on Jun 02 ’25 at a price of $5.51 per share for a total of $0.41 million. Following the sale, the insider now owns 0.93 million shares.
Patterson-UTI Energy Inc disclosed in a document filed with the SEC on May 09 ’25 that STEWART JAMES CARL (Director) sold a total of 5,500 shares of the company’s common stock. The trade occurred on May 09 ’25 and was made at $5.98 per share for $32890.0. Following the transaction, the insider now directly holds 1.0 million shares of the PTEN stock.
Still, SEC filings show that on May 09 ’25, JCS Partners LP (Director) Proposed Sale 80,000 shares at an average price of $6.00 for $0.48 million. The insider now directly holds shares of Patterson-UTI Energy Inc (PTEN).
