Home Sectors Energy Stock in the Spotlight: Patterson-UTI Energy (NASDAQ: PTEN)

Stock in the Spotlight: Patterson-UTI Energy (NASDAQ: PTEN)


Patterson-UTI Energy is in the energy sector and oil and gas drilling industry. The company CEO is William Andrew Hendricks. Patterson-UTI Energy Inc is a North America-based land rig drilling contractors. It operates in three segments namely, Contract Drilling Services, Pressure Pumping Services, and Oil and Natural Gas Exploration and Production.

Previous Intraday Trading Performance:

The PTEN stock showed a previous change of -1.18% with an open at 11.22 and a close of 10.90. It reached an intraday high of 11.33 and a low of 10.84.

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The stock has a market cap of $2.3b with 208.5m shares outstanding, of which the float is 202.3m shares. Trading volume reached 3,014,781 shares compared to its average volume of 3,764,886 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Patterson-UTI Energy shares returned -3.45% and in the past 30 trading days it returned -31.14%. Over three months, it changed -20.55%. In one year it has changed -41.79% and within that year its 52-week high was 20.04 and its 52-week low was 9.49. PTEN stock is 14.86% above its 52 Week Low.

Our calculations show a 200 day moving average of 14.35 and a 50 day moving average of 13.55. Currently PTEN stock is trading -24.04% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at -1.47 that ended on 31st of December 2018. Based on 10 analyst estimates, the consensus EPS for the next quarter is -0.21. The TTM EPS is -0.35.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/25/2019): -0.14
4thQtr of 2018 (Reported on 02/07/2019): -0.93
3rdQtr of 2018 (Reported on 10/25/2018): -0.34
2ndQtr of 2018 (Reported on 07/26/2018): -0.05
1stQtr of 2018 (Reported on 04/26/2018): -0.16

The dividend per share is currently 0.16, which is a dividend yield of 1.47%.

Base on our calculations, the intrinsic value per share is 19.55, which means it is possibly undervalued and has a margin of safety of 44.25%.

Indicators to Watch:

The current calculated beta is 1.43.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -9.03%, return on assets is -5.82%, profit margin is -10.12%, price-to-sales is 0.73 and price-to-book is 0.68.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 0  :Past Performance Score
 4  :Financial Strength Score
 3  :Future Growth Score
 1  :Dividend Score
 2  :Overall Score

Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.