Patterson-Uti Energy (NASDAQ:PTEN) shares traded -1.31% down during most recent session to reach at the closing price of $17.35. The stock exchanged hands 2.59 Million shares versus average trading capacity of 3.4 Million shares, yielding a market cap of $3.84 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $22.59 within the next 52-weeks. The mean target projections are based on 23 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Patterson-Uti Energy (NASDAQ:PTEN) high price target of $28 and with a conservative view have low price target of $17.
Seaport Global “Upgrades” Patterson-Uti Energy (NASDAQ:PTEN) in a research note issued to investors on 7/27/18 to Buy with price target of $20.
Additionally on 7/27/18 Credit Suisse “Upgrades” Patterson-Uti Energy (NASDAQ:PTEN) to Outperform setting price target at $19 and on 7/06/18 Guggenheim “Downgrades” the stock to Neutral at $0. Furthermore on 4/30/18 Citigroup “Maintained” the stock to Buy at $25.
On the other hand the company has Relative Strength Index (RSI 14) of 53.96 along with Average True Range (ATR 14) of 0.58, Consequently Patterson-Uti Energy (NASDAQ:PTEN)’s weekly and monthly volatility is 4.08%, 3.46% respectively. The company’s beta value is at 1.18.
In terms of Buy, Sell or Hold recommendations, Patterson-Uti Energy (NASDAQ:PTEN) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Patterson-Uti Energy (NASDAQ:PTEN)’s minimum EPS for the current quarter is at $-0.16 and can go high up to $0.02. The consensus mean EPS for the current quarter is at $-0.1 derived from a total of 23 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.13 earnings per share for the same quarter during last year.
Previously Patterson-Uti Energy (NASDAQ:PTEN) reported $-0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.04 by $-0.01. The company posted an earnings surprise of -25%.
Patterson-Uti Energy (NASDAQ:PTEN)’s revenue estimates for the current quarter are $849.61 Million according to 18 number of analysts, for the current quarter the company has high revenue estimates of $857.6 Million in contradiction of low revenue estimates of $824.6 Million. For the current year the company’s revenue estimates are $3.34 Billion compared to low analyst estimates of $3.1 Billion and high estimates of $3.39 Billion according to 21 number of analysts.
Currently Patterson-Uti Energy (NASDAQ:PTEN)’s shares owned by insiders are 1.6%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -0.28%, as well as three-month change in the institutional ownership was recorded -1.47%.
Patterson-Uti Energy (NASDAQ:PTEN)’s trailing twelve month revenues are $3.14 Billion, whereas its price to sales ratio for the same period is 1.23. Its book value per share for the most recent quarter is $17.63 while its price to book ratio for the same period is 0.98, as for as the company’s cash per share for the most recent quarter is $1.09, however its price to cash per share ratio for the same period is 15.89. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.