Raymond James has recently reduced Patterson-UTI Energy Inc (PTEN) stock to Mkt Perform rating, as announced on January 6, 2025, according to Finviz. Earlier, on December 13, 2024, Goldman had raised the stock from a Neutral to Buy, setting a price target of $10 for PTEN stock. The Benchmark Company also reduced Hold rating. Additionally, Goldman initiated Neutral rating on December 19, 2023, with a target price of $12. Morgan Stanley analysts, in their report published on October 17, 2023, also reduced rating and set a price target of $20 for Patterson-UTI Energy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Patterson-UTI Energy Inc (PTEN) Stock Trading Recap
On Thursday, Patterson-UTI Energy Inc (PTEN) stock saw a modest uptick, ending the day at $9.45 which represents a slight increase of $0.12 or 1.29% from the prior close of $9.33. The stock opened at $9.25 and touched a low of $9.23 during the day, reaching a high of $9.53. The volume of shares traded was 8.82 million falling short of the average volume of 8.92 million.
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PTEN Stock Performance and Moving Averages
In recent trading, Patterson-UTI Energy Inc (PTEN) stock price has shown some volatility, fluctuating 12.23% over the last five trades and 22.41% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -14.09%, and it has gained 19.77% in the previous three months. Currently, PTEN is trading at 14.91%, 15.62%, and 1.08% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PTEN, a Energy sector stock, is trading -25.30% below its 52-week high but remains 32.17% above its 52-week low. The Average True Range (ATR) (14 days) of 0.32 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Patterson-UTI Energy Inc’s Profitability and Valuation Ratios
Patterson-UTI Energy Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 2.79% and a profit margin of -14.73%, with a gross margin of -14.09%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Patterson-UTI Energy Inc’s market capitalization stands at $3.69 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.64, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.03, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 9.92% of Patterson-UTI Energy Inc (PTEN)’s shares, while financial institutions hold 92.32%.
Notable insider trades include STEWART JAMES CARL, Director at Patterson-UTI Energy Inc (PTEN), who sold 80000 shares on Dec 18 ’24, at $7.36 each, totaling $0.59 million. On Jun 18 ’24, Gillard Matthew, President-Completions, sold 60000 shares for $9.87 each, amounting to $0.59 million. Additionally, on May 20 ’24, Drummond Robert Wayne Jr sold 150000 shares at $11.55 each, generating $1.73 million.
