Beating the Odds and Beating Analyst Forecasts: Patterson-UTI Energy Inc. (PTEN)

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Patterson-UTI Energy Inc. kicked off the trading day on 10/10/19 with a price increase of 0.64%, equivalent to $0.05 relative change for the day. Taking a more long-term approach, PTEN had a 52-week range of $7.69 to $17.94. At the time of this article’s publishing, this stock is trading at $7.88 after starting the trading session at $7.92. At the time of writing, this stock’s 50-day Moving Average stands at $8.94, while the 200-day Moving Average of this stock is currently $11.72.

Currently, this company’s share volume is sitting at $2275392, but has maintained average daily volume of $4.22M. This stock has generated an average Year to Date volume of $3.99 million, alongside an average 20-day volume of $4.18 million. This publicly-traded company’s shares outstanding now amounts to $202.61 million, simultaneously with a float of $197.93 million. The organization now has a market capitalization sitting at $1.60 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 2.10%, in contrast to 99.10% institutional ownership. According to the most recent latest insider trade that took place on Sep 08 this organization’s EVP & Chief Financial Officer exercised an option 47,059 at the rate of 0.00, making the entire transaction hit 0 in total value, affecting insider ownership by 200,217. Preceding that transaction, on Sep 05 Company’s Director sold 5,000 at a price of 9.05, making the whole transaction’s value amount to 45,272. This particular insider is now the holder of 0 in total.

If we take a glance at the Ownership summary of Patterson-UTI Energy Inc.’s stock, Institutional holders make up 99.10% of its total stock ownership. All together, they are the legal holders of 202.61M shares. If we focus on the top 3 stockholders for this publicly-traded organization, The Vanguard Group, Inc. owns 19,040,133 shares, with BlackRock Fund Advisors in 2nd place owning 17,346,891 shares and Dimensional Fund Advisors LP in third place with total ownership of 12,981,757 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 6/29/2019, 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.

This company achieved a net margin of -11.64 while generating a return on equity of -9.94. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.36 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 -1.13 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 0.50. Alongside those, its Beta score is 1.59.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.52 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 7.17. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 0.50, whereas its price to cash per share for the last quarter landed at 1.26.

In the same vein, PTEN’s Diluted EPS (Earnings per Share) trailing twelve months was posted at -1.65, a figure that is expected to reach -0.30 in the next reported quarter, and analysts expect it will be -1.13 at the market close of one year from today’s date.