Consensus Estimates and Trading Data for Patterson-UTI Energy, Inc. (PTEN)

In the past 52-week period, shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) have moved within the range of $14.83 to $29.76. On the stock’s most recent trading day, the company’s shares ended the regular session at $20.49, which is 31.15% higher than its 52-week high.

Patterson-UTI Energy, Inc. (PTEN) has demonstrated a 20-day simple moving average (SMA) of 1.11%, and a 50-day SMA of 1.83%. This public company’s current market capitalization stands at $4.55 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

When considering entering a position, it is crucial to understand the average enthusiasm level expressed by Wall Street analysts for that particular stock. According to the latest data, the consensus recommendation for Patterson-UTI Energy, Inc. (PTEN) is Outperform.

Publicly-traded organizations typically post revenue and earnings results that fall either above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Patterson-UTI Energy, Inc. (PTEN) delivered a 0.37% surprise with its net revenue. Sales reached $0.68 billion during the three-month period, compared to the average analyst estimate of $0.69 billion.

Meanwhile, during the same quarter Patterson-UTI Energy, Inc. (PTEN) delivered a -26.05% earnings surprise. Net earnings for the quarter were posted at -$0.13 per share, whereas Wall Street had forecast -$0.18 per share.

Ownership at Patterson-UTI Energy, Inc. (PTEN), According to Most Recent SEC Filings

We can find critical insight by examining institutional ownership, which are reported in public companies’ most recent 13F filings. Patterson-UTI Energy, Inc. (PTEN) has 0 billion shares outstanding currently, 99.05% of which belong to institutional investors. Those institutional holdings amount to $4.43 billion.

Additionally, according to the most recent 13F filing from Patterson-UTI Energy, Inc. (PTEN), there were 33 new positions totaling 11,075,424 shares of the company’s stock. There were 54 sold out positions, on the other hand, totaling 15,431,044 shares.

Short, Medium and Long Term Indicators

A stock’s average trade volume, as recorder over the short, medium and long terms, is helpful to analyze in order to gain a better understanding of trading activity and investor sentiment. Patterson-UTI Energy, Inc. (PTEN) has had a 20-day average volume of 3,001,650 shares, with an average of 40% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 3,792,836 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 4,121,312 shares with 67% of long-term indicators pointing to Buy.