With 9.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.18 million shares. The 52-week range on PTEN shows that it touched its highest point at $11.69 and its lowest point at $5.12 during that stretch. It currently has a 1-year price target of $8.86. With its current market cap of 2.29 billion, PTEN has annualized dividend of $0.32 while the current yield stands at 5.40%. Beta for the stock currently stands at 1.33.
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 -6.17%, but this was down by -2.31% over a month. Three-month performance dropped to -34.76% while six-month performance fell -29.15%. The stock lost -46.14% in the past year, while it has lost -28.21% so far this year. A look at the trailing 12-month EPS for PTEN yields -2.60 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.02. This implies an EPS growth rate of -12.15% for this year and 62.21% for next year.
Float and Shares Shorts:
At present, 385.98 million PTEN shares are outstanding with a float of 347.74 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.14766 being high and $0.042188 being low. For PTEN, this leads to a yearly average estimate of $0.10547. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.02.
