After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.
Stocks Info
This NASDAQ-listed company operates within the Oil & Gas Drilling industry segment, falling under the Energy sector. The current market capitalization of Patterson-UTI Energy Inc is $3.07B. A total of 6.74 million shares were traded on the day, compared to an average of 8.94M shares.
In the most recent transaction, STEWART JAMES CARL sold 80,000 shares of PTEN for 7.36 per share on Dec 18 ’24. After the transaction, the Director now owns 32,438 company shares. In a previous transaction on Dec 18 ’24, JCS Partners LP bought 80,000 shares at 7.50 per share.
Among the insiders who sold shares, Gillard Matthew disposed of 60,000 shares on Jun 18 ’24 at a per-share price of $9.87. This resulted in the President-Completions holding 114,692 shares of PTEN after the transaction. In another insider transaction, Drummond Robert Wayne Jr sold 150,000 shares at $11.55 per share on May 20 ’24. Company shares held by the Director now total 2,007,895.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. PTEN’s most recent ex-dividend date was 4.02% when it declared a $0.08 quarterly dividend that was paid in cash on 12/2/2024. Previously, the company paid the dividend on 9/3/2024 with an ex-dividend date of 3.07%. The PTEN stock dividend was $0.08 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PTEN has a high of $12.65 and a low of $7.15.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $9.14, while its Total Shareholder’s Equity was $1.61B.
Analysts Opinion
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. 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 4.25.
