Is Patterson-UTI Energy Inc (NASDAQ: PTEN) Still On The Rise?

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 $3.03B. A total of 16.36 million shares were traded on the day, compared to an average of 10.19M shares.

In the most recent transaction, STEWART JAMES CARL sold 192,000 shares of PTEN for 7.41 per share on Mar 07 ’25. After the transaction, the Director now owns 1,005,254 company shares. In a previous transaction on Mar 07 ’25, STEWART JAMES CARL sold 48,149 shares at 7.42 per share. PTEN shares that Director owns now total 85,475.

Among the insiders who bought shares, JCS Partners LP acquired of 192,000 shares on Mar 07 ’25 at a per-share price of $7.37. In another insider transaction, James Stewart bought 48,149 shares at $7.06 per share on Mar 07 ’25.

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 3.9% when it declared a $0.08 quarterly dividend that was paid in cash on 3/3/2025. Previously, the company paid the dividend on 12/2/2024 with an ex-dividend date of 4.02%. 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 $7.03.

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 $8.95, 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 4.13.

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