Patterson-UTI Energy, Inc. (NASDAQ) is currently rated as a “Moderate Buy” by twelve ratings firms. Of these, three analysts have given a hold recommendation, eight have recommended buying, and one has issued a strong buy recommendation. The average 1-year price target is $15.82.
Analyst Ratings:
- Bank of America: Lowered price target from $14.50 to $14.00, maintains “buy” rating.
- StockNews.com: Downgraded from “hold” to “sell.”
- Evercore ISI: Reduced price target from $18.00 to $17.00, maintains “outperform” rating.
- Piper Sandler: Lowered target price from $17.00 to $14.00, maintains “overweight” rating.
- Benchmark: Reaffirmed “hold” rating.
Insider Activity:
- Robert Wayne Drummond, Jr., a director, sold 150,000 shares at an average price of $11.55, totaling $1,732,500. Post-transaction, he holds 2,007,895 shares valued at approximately $23,191,187.25.
Institutional Trading:
Recent institutional transactions include:
- Fortitude Family Office LLC: Increased position by 320.7%.
- Lindbrook Capital LLC: Increased position by 66.5%.
- Neo Ivy Capital Management: Purchased new position.
- CWM LLC: Increased holdings by 28.5%.
- Fidelis Capital Partners LLC: Purchased new stake.
Financial Performance:
- Current Stock Price: $10.36 (up 2.0%).
- Market Cap: $4.16 billion.
- PE Ratio: 15.24.
- Beta: 2.18.
- Debt-to-Equity Ratio: 0.26.
- Current Ratio: 1.48.
- Quick Ratio: 1.28.
- 52-Week Range: $9.68 – $16.17.
Recent Earnings:
- Last Quarterly EPS: $0.15, beating estimates by $0.02.
- Revenue: $1.51 billion.
- Return on Equity: 7.13%.
- Net Margin: 4.07%.
- Projected EPS for Current Fiscal Year: 0.55.
Dividend:
- Recent Dividend: $0.08 per share, yielding 3.09% annually. The next dividend payout ratio is 47.06%.
Company Overview:
Patterson-UTI Energy, Inc., through its subsidiaries, provides contract drilling services to oil and natural gas operators. It operates in three segments:
- Drilling Services: Contract and directional drilling services.
- Completion Services: Drilling and well completion services.
- Drilling Products: Equipment servicing, re-certification, and provision of electrical controls and automation to various industries.
For further updates and detailed reports, keeping an eye on the company’s quarterly earnings releases and monitoring insider trading activities and institutional investments could provide valuable insights.
