Patterson-UTI Energy, Inc.: Right on the Precipice


Patterson-UTI Energy, Inc. kicked off the trading day on 08/14/19 with a price decrease of -4.79%, equivalent to -$0.43 relative change for the day. Taking a more long-term approach, PTEN had a 52-week range of $8.77 to $18.39. At the time of this article’s publishing, this stock is trading at $8.54 after starting the trading session at $8.70. Moving on, the stock has demonstrated a 52-week change amounting to -9.82, alongside an S&P500 52-Week Change of -23.57. At the time of writing, this stock’s 50-day Moving Average stands at $10.89, while the 200-day Moving Average of this stock is currently $12.81.

Currently, this company’s share volume is sitting at $3,443,614, but has maintained average daily volume of $4.09M. This stock has generated an average Year to Date volume of $3.95 million, alongside an average 20-day volume of $4.5 million. This publicly-traded company’s shares outstanding now amounts to $215.42 million, simultaneously with a float of $198.02 million. The organization now has a market capitalization sitting at $1.84 billion.

Patterson-UTI Energy, Inc.(PTEN) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Patterson-UTI Energy, Inc.’s current insider ownership accounts for 2.00%, in contrast to 98.80% institutional ownership. According to the most recent latest insider trade that took place on Jul 12 this organization’s SVP/General Counsel/Secretary exercised an option 19,000 at the rate of 0.00, making the entire transaction hit 0 in total value, affecting insider ownership by 287,039. Preceding that transaction, on Jul 12 Company’s President-Drilling Subsidiary exercised an option 19,000 at a price of 0.00, making the whole transaction’s value amount to 0. This particular insider is now the holder of 369,750 in total.

If we take a glance at the Ownership summary of Patterson-UTI Energy, Inc.’s stock, 351 Institutional holders make up 100.43% of its total stock ownership. All together, they are the legal holders of 203,477,774 shares, which are valued at about $1,825,195,633 in total. If we focus on the top 3 stockholders for this publicly-traded organization, BLACKROCK INC. owns 19.7 million shares, with VANGUARD GROUP INC in 2nd place owning 19.15 million shares and DIMENSIONAL FUND ADVISORS LP in third place with total ownership of 12.98 million shares.

Patterson-UTI Energy, Inc. (PTEN) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on Jun-19, the organization reported -$0.17 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at -$0.21) by $0.04.

The corporation racked up revenue of $704.17million for the previous financial quarter, compared to the mean analyst estimate of $693.44 million. This company achieved a net margin of -11.64 while generating a return on equity of -9.94. Patterson-UTI Energy, Inc.’s full-quarter revenue decreased by -20.91%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.27 per share during the current fiscal year.

Patterson-UTI Energy, Inc.’s EPS decrease for this current 12-month fiscal period is -36.80%, and is forecasted to reach 4.30% in the upcoming year. Looking at the long run, market analysts have predicted that Company’s EPS will increase by 22.60% through the next 5 years, which can be compared against the -25.80% growth it accomplished over the previous five years trading on the market.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for Patterson-UTI Energy, Inc., this organization’s Quick Ratio in the last reported quarter now stands at 1.80. The company has managed to achieve an average true range (ATR) of 0.60. Alongside those, its Beta score is 1.50.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.60 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 8.26. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 0.54, whereas its price to cash per share for the last quarter landed at 1.19.

In the same vein, PTEN’s Diluted EPS (Earnings per Share) trailing twelve month was posted at -1.65, a figure that is expected to reach -0.29 in the next reported quarter, and analysts expect it will be 4.30% at the market close of one year from today’s date.