A share price of Patterson-UTI Energy Inc [PTEN] is currently trading at $7.72, up 1.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The PTEN shares have gain 3.07% over the last week, with a monthly amount drifted -7.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Patterson-UTI Energy Inc [NASDAQ: PTEN] stock has seen the most recent analyst activity on December 13, 2024, when Goldman upgraded its rating to a Buy and also revised its price target to $10 from $11. Previously, The Benchmark Company downgraded its rating to Hold on January 16, 2024. On December 19, 2023, Goldman initiated with a Neutral rating and assigned a price target of $12 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $17 on October 17, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $16 on October 16, 2023. Citigroup upgraded its rating to Buy for this stock on October 09, 2023, and upped its price target to $18. In a note dated September 05, 2023, Stifel initiated an Buy rating and provided a target price of $19 on this stock.
Patterson-UTI Energy Inc experienced fluctuations in its stock price throughout the past year between $7.38 and $12.65. Currently, Wall Street analysts expect the stock to reach $12.63 within the next 12 months. Patterson-UTI Energy Inc [NASDAQ: PTEN] shares were valued at $7.72 at the most recent close of the market. An investor can expect a potential return of 63.6% based on the average PTEN price forecast.
Analyzing the PTEN fundamentals
Trailing Twelve Months sales for Patterson-UTI Energy Inc [NASDAQ:PTEN] were 5.80B which represents 34.19% growth. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.19 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.61 points at the first support level, and at 7.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.81, and for the 2nd resistance point, it is at 7.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Patterson-UTI Energy Inc [NASDAQ:PTEN] is 1.52. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Gillard Matthew, President-Completions, that happened on Jun 18 ’24 when 60000.0 shares were sold. Director, Drummond Robert Wayne Jr completed a deal on May 20 ’24 to sell 0.15 million shares. Meanwhile, Director Drummond Robert Wayne Jr sold 0.19 million shares on Feb 29 ’24.
