Patterson-UTI Energy Inc. (NASDAQ:PTEN) went up by 9.32% from its latest closing price compared to the recent 1-year high of $9.74. The company’s stock price has collected 15.11% of gains in the last five trading sessions. Press Release reported on 04/29/21 that Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021
Is It Worth Investing in Patterson-UTI Energy Inc. (NASDAQ :PTEN) Right Now?
Plus, the 36-month beta value for PTEN is at 3.21. Opinions of the stock are interesting as 5 analysts out of 17 who provided ratings for Patterson-UTI Energy Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $7.34, which is -$0.31 below the current price. PTEN currently public float of 182.05M and currently shorts hold a 8.27% ratio of that float. Today, the average trading volume of PTEN was 2.33M shares.
PTEN’s Market Performance
PTEN stocks went up by 15.11% for the week, with a monthly jump of 0.54% and a quarterly performance of 16.19%, while its annual performance rate touched 126.69%. The volatility ratio for the week stands at 7.03% while the volatility levels for the past 30 days are set at 5.58% for Patterson-UTI Energy Inc.. The simple moving average for the period of the last 20 days is 9.66% for PTEN stocks with a simple moving average of 44.23% for the last 200 days.
Analysts’ Opinion of PTEN
Many brokerage firms have already submitted their reports for PTEN stocks, with Barclays repeating the rating for PTEN by listing it as a “Overweight.” The predicted price for PTEN in the upcoming period, according to Barclays is $9 based on the research report published on May 03rd of the current year 2021.
PTEN Trading at -0.50% from the 50-Day Moving Average
After a stumble in the market that brought PTEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.13% of loss for the given period.
Volatility was left at 5.58%, however, over the last 30 days, the volatility rate increased by 7.03%, as shares surge +6.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.68% upper at present.
During the last 5 trading sessions, PTEN rose by +15.11%, which changed the moving average for the period of 200-days by +111.14% in comparison to the 20-day moving average, which settled at $6.76. In addition, Patterson-UTI Energy Inc. saw 40.49% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PTEN
Current profitability levels for the company are sitting at:
- -40.49 for the present operating margin
- -31.01 for the gross margin
The net margin for Patterson-UTI Energy Inc. stands at -71.49. The total capital return value is set at -13.43, while invested capital returns managed to touch -23.77. Equity return is now at value -35.80, with -21.90 for asset returns.
Based on Patterson-UTI Energy Inc. (PTEN), the company’s capital structure generated 46.02 points at debt to equity in total, while total debt to capital is 31.51. Total debt to assets is 25.01, with long-term debt to equity ratio resting at 45.66. Finally, the long-term debt to capital ratio is 31.27.
When we switch over and look at the enterprise to sales, we see a ratio of 1.50, with the company’s debt to enterprise value settled at 0.55. The receivables turnover for the company is 4.40 and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.