Patterson-UTI Energy Inc [NASDAQ: PTEN] stock went on an upward path that rose over 2.87% on Tuesday, amounting to a one-week price increase of more than 2.01%.
Over the last 12 months, PTEN stock dropped by -26.15%. The one-year Patterson-UTI Energy Inc stock forecast points to a potential downside of -165144130.77. The average equity rating for PTEN stock is currently 1.88, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.35 billion, with 385.98 million shares outstanding and 347.77 million shares in the current float. Compared to the average trading volume of 13.74M shares, PTEN stock reached a trading volume of 13719907 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Patterson-UTI Energy Inc [PTEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PTEN shares is $8.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PTEN stock is a recommendation set at 1.88. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Patterson-UTI Energy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 19, 2025. The new note on the price target was released on January 06, 2025, representing the official price target for Patterson-UTI Energy Inc stock. Previously, the target price had yet another drop from $11 to $10, while Goldman kept a Buy rating on PTEN stock.
The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.58. Price to Free Cash Flow for PTEN in the course of the last twelve months was 5.82 with Quick ratio for the last quarter at 1.40.
PTEN Stock Performance Analysis:
Patterson-UTI Energy Inc [PTEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.01. With this latest performance, PTEN shares gained by 10.51% in over the last four-week period, additionally sinking by -21.99% over the last 6 months – not to mention a drop of -26.15% in the past year of trading.
Insight into Patterson-UTI Energy Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Patterson-UTI Energy Inc [PTEN] shares currently have an operating margin of -1.08% and a Gross Margin at 4.18%. Patterson-UTI Energy Inc’s Net Margin is presently recorded at -19.78%.
Return on Equity for this stock declined to -15.68%, with Return on Assets sitting at -15.68%.
Patterson-UTI Energy Inc [PTEN] Institutonal Ownership Details
There are presently around $106.35%, or 109.24%% of PTEN stock, in the hands of institutional investors. The top three institutional holders of PTEN stocks are: BLACKROCK INC. with ownership of 57.44 million shares, which is approximately 14.3767%. VANGUARD GROUP INC, holding 45.15 million shares of the stock with an approximate value of $$467.77 million in PTEN stocks shares; and VANGUARD GROUP INC, currently with $$297.55 million in PTEN stock with ownership which is approximately 7.1882%.
