Basic Trading and Ownership 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 $21.26, which is 28.56% lower than its 52-week high.

Patterson-UTI Energy, Inc. (PTEN) has demonstrated a 20-day simple moving average (SMA) of 3.38%, and a 50-day SMA of 4.73%. This public company’s current market capitalization stands at $4.49 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Understanding Wall Street analyst’s enthusiasm for a particular stock is crucial when considering entering a position. According to the latest data, the consensus recommendation for Patterson-UTI Energy, Inc. (PTEN) is Outperform.

When it comes to sales data, public companies usually post revenue and earnings that are either higher or lower than the average Wall Street forecast. 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

A public company’s latest 13F filings tell investors important details about institutional ownership. Patterson-UTI Energy, Inc. (PTEN) has 0 billion shares outstanding currently, 99.05% of which belong to institutional investors. Those institutional holdings amount to $4.81 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

Examining a stock’s average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. Patterson-UTI Energy, Inc. (PTEN) has had a 20-day average volume of 3,005,320 shares, with an average of 80% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 3,765,530 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 4,150,369 shares with 100% of long-term indicators pointing to Buy.