With 7.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.95 million shares. During the session, the Oil & Gas Drilling company that operates in wider Energy sector, reached to the highest price of $8.805 whereas the lowest price it dropped to was $8.54. The 52-week range on PTEN shows that it touched its highest point at $12.65 and its lowest point at $7.15 during that stretch. It currently has a 1-year price target of $10.67. With its current market cap of 3.38 billion, PTEN has annualized dividend of $0.32 while the current yield stands at 3.71%. Beta for the stock currently stands at 2.08.
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 up-trending over the past week, with a rise of 9.81%, but this was up by 5.25% over a month. Three-month performance surged to 1.65% while six-month performance fell -11.50%. The stock lost -18.22% in the past year, while it has gained 4.36% so far this year. A look at the trailing 12-month EPS for PTEN yields -2.20 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.08. This implies an EPS growth rate of -91.74% for this year and -140.96% for next year.
Float and Shares Shorts:
At present, 389.94 million PTEN shares are outstanding with a float of 351.51 million shares on hand for trading. On 2024-12-13, short shares totaled 27.94 million, which was 717.0 higher than short shares on 1731628800. In addition to Mr. William Andrew Hendricks Jr. as the firm’s President, CEO & Director, Mr. C. Andrew Smith CPA serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 1.00711 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 2024-09-30, PTEN reported revenue of $1357222000.0 and operating income of -$98690000.0. The EBITDA in the recently reported quarter was $276019000.0 and diluted EPS was -$2.5.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PTEN since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PTEN analysts setting a high price target of 14.0 and a low target of 10.0, the average target price over the next 12 months is 10.8125. Based on these targets, PTEN could surge 62.41% to reach the target high and rise by 16.01% to reach the target low. Reaching the average price target will result in a growth of 25.44% from current levels.
Analysts have provided yearly estimates in a range of $0.16851 being high and $0.05266 being low. For PTEN, this leads to a yearly average estimate of $0.10532. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.06.
