After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.
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Stocks Info
The company is listed on the NASDAQ and operates within the Oil & Gas Drilling industry segment. The current market capitalization of Patterson-UTI Energy Inc is $3.23B. A total of 5.67 million shares were traded on the day, compared to an average of 7.43M shares.
In the most recent transaction, Gillard Matthew sold 60,000 shares of PTEN for 9.87 per share on Jun 18 ’24. After the transaction, the President-Completions now owns 114,692 company shares. In a previous transaction on May 20 ’24, Drummond Robert Wayne Jr sold 150,000 shares at 11.55 per share. PTEN shares that Director owns now total 2,007,895.
Among the insiders who sold shares, Drummond Robert Wayne Jr disposed of 187,916 shares on Feb 29 ’24 at a per-share price of $11.73. This resulted in the Director holding 2,473,239 shares of PTEN after the transaction. In another insider transaction, Drummond Robert Wayne Jr sold 65,344 shares at $11.76 per share on Mar 01 ’24. Company shares held by the Director now total 2,407,895.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Patterson-UTI Energy Inc pays an annual dividend of $0.32, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 27.35. PTEN’s most recent ex-dividend date was 9/3/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 9/16/2024. Previously, the company paid the dividend on 6/17/2024 with an ex-dividend date of 6/3/2024. The PTEN stock dividend was $0.08 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PTEN has a high of $15.97 and a low of $7.60.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PTEN’s latest balance sheet shows that the firm has $117.52M in Cash & Short Term Investments as of fiscal 2021. There were $877.32M in debt and $435.85M in liabilities at the time. Its Book Value Per Share was $11.67, while its Total Shareholder’s Equity was $1.61B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTEN is Buy with a score of 4.21.
