With 7.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.24 million shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $8.336 whereas the lowest price it dropped to was $7.975. The 52-week range on PTEN shows that it touched its highest point at $14.26 and its lowest point at $7.45 during that stretch. It currently has a 1-year price target of $12.31. With its current market cap of 3.26 billion, PTEN has annualized dividend of $0.32 while the current yield stands at 3.86%. Beta for the stock currently stands at 2.13.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PTEN was down-trending over the past week, with a drop of -2.24%, but this was up by 4.80% over a month. Three-month performance dropped to -20.97% while six-month performance fell -29.02%. The stock lost -38.64% in the past year, while it has lost -23.24% so far this year. A look at the trailing 12-month EPS for PTEN yields 0.30 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.03. This implies an EPS growth rate of -83.45% for this year and 17.93% for next year.
Float and Shares Shorts:
At present, 411.20 million PTEN shares are outstanding with a float of 354.53 million shares on hand for trading. On 2024-09-30, short shares totaled 29.77 million, which was 758.0000000000001 higher than short shares on 1724976000. In addition to Mr. William Andrew Hendricks Jr. as the firm’s President, CEO & Director, Mr. C. Andrew Smith serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 1.02298 of PTEN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PTEN reported revenue of $1348194000.0 and operating income of $55600000.0. The EBITDA in the recently reported quarter was $325329000.0 and diluted EPS was $0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PTEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
