Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) recorded 3.00% gain during trading session on February 11th, 2019. The script traded as low as $12.36 and last traded at $13.06. 4.88 million shares changed exchanged hands during trading, a drop of -22.08% from the 30-day average session volume of 4.00M shares. The firm had previously closed at $12.68. The company has $219.47M outstanding shares, price-to-earnings-growth ratio of 0.86 and a beta of 1.32. The company has a RSI of 59.05, ATR of 0.68 and a volatility of 5.90% this week. PTEN has a 52 week low price of $9.49 and a 52 week high price of $23.99.
Investors have identified the tech company Patterson-UTI Energy, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 2.87B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Patterson-UTI Energy, Inc. (PTEN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PTEN, the company has in raw cash 214.03 million on their books with 0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 3.76 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
PTEN were able to record 8.18 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 171.2 million. In cash movements, the company had a total of 488.75 million as operating cash flow.
Potential earnings growth for Patterson-UTI Energy, Inc. (PTEN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Patterson-UTI Energy, Inc. recorded a total of 867.48 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.21% coming in sequential stages and their sales for the third quarter increasing by 0.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 947.76 million trying to sell their products during the last quarter, with the result yielding a gross income of 80.28 million. This allows shareholders to hold on to 219.47M with the revenue now reading -340 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.19 cents a share).
Is the stock of PTEN attractive?
Having a look at the company’s valuation, the company is expected to record -0.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PTEN sounds very interesting.
In related news, Director HUFF CURTIS W bought 20,000 shares of the company’s stock in a transaction that recorded on December 26th, 2019. The purchase was performed at an average price of 10.14, for a total value of 202,800. As the purchase deal closes, the Director HUFF CURTIS W now sold 10,000 shares of the company’s stock, valued at 194,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
10 out of 26 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Patterson-UTI Energy, Inc. stock. 0 analysts has assigned a Sell rating on the PTEN stock. The 12-month mean consensus price target for the company’s shares has been set at $17.98.