A share price of Patterson-UTI Energy Inc [PTEN] is currently trading at $8.95, up 3.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PTEN shares have gain 3.83% over the last week, with a monthly amount glided 14.60%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Patterson-UTI Energy Inc [NASDAQ: PTEN] stock has seen the most recent analyst activity on January 06, 2025, when Raymond James downgraded its rating to a Mkt Perform. Previously, Goldman upgraded its rating to Buy on December 13, 2024, and dropped its price target to $10. On January 16, 2024, downgrade downgraded it’s rating to Hold. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $12 on December 19, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $17 on October 17, 2023. BofA Securities upgraded its rating to Buy for this stock on October 16, 2023, and upped its price target to $16. In a note dated October 09, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $15 to $18.
Patterson-UTI Energy Inc experienced fluctuations in its stock price throughout the past year between $7.15 and $12.65. Currently, Wall Street analysts expect the stock to reach $11.88 within the next 12 months. Patterson-UTI Energy Inc [NASDAQ: PTEN] shares were valued at $8.95 at the most recent close of the market. An investor can expect a potential return of 32.74% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 8.72 points at the first support level, and at 8.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.11, and for the 2nd resistance point, it is at 9.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Patterson-UTI Energy Inc [NASDAQ:PTEN] is 1.52. Further, the Quick Ratio stands at 1.32, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 0.98.
Transactions by insiders
Recent insider trading involved STEWART JAMES CARL, Director, that happened on Dec 18 ’24 when 80000.0 shares were sold. Director, JCS Partners LP completed a deal on Dec 18 ’24 to buy 80000.0 shares. Meanwhile, President-Completions Gillard Matthew sold 60000.0 shares on Jun 18 ’24.
