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Patterson-UTI Energy, Inc is an oil & gas drilling business based in the US. Patterson-UTI Energy shares (PTEN) are listed on the NASDAQ and all prices are listed in US Dollars. Patterson-UTI Energy employs 5,800 staff and has a trailing 12-month revenue of around USD$1.4 billion.
|Latest market close||USD$5.26|
|52-week range||USD$1.587 - USD$10.7138|
|50-day moving average||USD$4.7403|
|200-day moving average||USD$3.7951|
|Wall St. target price||USD$4.5|
|Dividend yield||USD$0.08 (1.48%)|
|Earnings per share (TTM)||USD$-1.662|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-09)||N/A|
|1 month (2020-12-17)||-8.52%|
|3 months (2020-10-16)||98.49%|
|6 months (2020-07-17)||58.43%|
|1 year (2020-01-17)||-47.14%|
|2 years (2019-01-17)||-57.95%|
|3 years (2018-01-17)||24.27|
|5 years (2016-01-16)||N/A|
Valuing Patterson-UTI Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Patterson-UTI Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Patterson-UTI Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$290 million.
The EBITDA is a measure of a Patterson-UTI Energy's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1.4 billion|
|Gross profit TTM||USD$709.4 million|
|Return on assets TTM||-6.29%|
|Return on equity TTM||-30.94%|
|Market capitalisation||USD$984.3 million|
TTM: trailing 12 months
There are currently 21.0 million Patterson-UTI Energy shares held short by investors – that's known as Patterson-UTI Energy's "short interest". This figure is 8.2% up from 19.4 million last month.
There are a few different ways that this level of interest in shorting Patterson-UTI Energy shares can be evaluated.
Patterson-UTI Energy's "short interest ratio" (SIR) is the quantity of Patterson-UTI Energy shares currently shorted divided by the average quantity of Patterson-UTI Energy shares traded daily (recently around 3.5 million). Patterson-UTI Energy's SIR currently stands at 5.92. In other words for every 100,000 Patterson-UTI Energy shares traded daily on the market, roughly 5920 shares are currently held short.
However Patterson-UTI Energy's short interest can also be evaluated against the total number of Patterson-UTI Energy shares, or, against the total number of tradable Patterson-UTI Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Patterson-UTI Energy's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Patterson-UTI Energy shares in existence, roughly 110 shares are currently held short) or 0.1286% of the tradable shares (for every 100,000 tradable Patterson-UTI Energy shares, roughly 129 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Patterson-UTI Energy.
Find out more about how you can short Patterson-UTI Energy stock.
We're not expecting Patterson-UTI Energy to pay a dividend over the next 12 months.
Patterson-UTI Energy's shares were split on a 2:1 basis on 1 July 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Patterson-UTI Energy shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Patterson-UTI Energy shares which in turn could have impacted Patterson-UTI Energy's share price.
Over the last 12 months, Patterson-UTI Energy's shares have ranged in value from as little as $1.587 up to $10.7138. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Patterson-UTI Energy's is 3.178. This would suggest that Patterson-UTI Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2019, this segment had a drilling fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. It also service equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. The company was founded in 1978 and is headquartered in Houston, Texas.
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