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Patterson-UTI Power, Inc. (NASDAQ:PTEN – Get Loose Record) was once the objective of surprisingly massive choices buying and selling on Monday. Inventory investors purchased 18,069 put choices at the inventory. This represents an build up of roughly 1,295% in comparison to the standard day-to-day quantity of one,295 put choices.
Insiders Position Their Bets
In comparable information, CEO William Andrew Hendricks, Jr. offered 200,000 stocks of the inventory in a transaction on Tuesday, July 18th. The stocks have been offered at a median value of $14.84, for a complete transaction of $2,968,000.00. Following the sale, the manager govt officer now immediately owns 1,886,874 stocks of the corporate’s inventory, valued at $28,001,210.16. The sale was once disclosed in a felony submitting with the Securities & Change Fee, which is offered thru this hyperlink. In different information, CEO William Andrew Hendricks, Jr. offered 200,000 stocks of the company’s inventory in a transaction dated Tuesday, July 18th. The inventory was once offered at a median value of $14.84, for a complete transaction of $2,968,000.00. Following the sale, the manager govt officer now immediately owns 1,886,874 stocks within the corporate, valued at roughly $28,001,210.16. The transaction was once disclosed in a felony submitting with the Securities & Change Fee, which is to be had thru this link. Additionally, CEO William Andrew Hendricks, Jr. offered 100,000 stocks of the corporate’s inventory in a transaction dated Thursday, July thirteenth. The inventory was once offered at a median value of $14.06, for a complete worth of $1,406,000.00. Following the of entirety of the transaction, the manager govt officer now immediately owns 2,086,874 stocks of the corporate’s inventory, valued at roughly $29,341,448.44. The disclosure for this sale can also be discovered right here. Within the remaining 90 days, insiders have offered 451,380 stocks of corporate inventory price $6,757,251. Company insiders personal 2.40% of the corporate’s inventory.
Institutional Traders Weigh In On Patterson-UTI Power
Hedge budget and different institutional buyers have not too long ago changed their holdings of the corporate. Russell Investments Staff Ltd. larger its stake in Patterson-UTI Power by way of 374.4% within the first quarter. Russell Investments Staff Ltd. now owns 1,232,771 stocks of the oil and fuel corporate’s inventory valued at $14,423,000 after buying an extra 972,936 stocks all through the remaining quarter. Mitsubishi UFJ Consider & Banking Corp grew its place in stocks of Patterson-UTI Power by way of 34.2% within the 1st quarter. Mitsubishi UFJ Consider & Banking Corp now owns 20,539 stocks of the oil and fuel corporate’s inventory valued at $240,000 after purchasing an extra 5,232 stocks all through the remaining quarter. International Retirement Companions LLC raised its stake in Patterson-UTI Power by way of 16,649.7% all through the first quarter. International Retirement Companions LLC now owns 27,302 stocks of the oil and fuel corporate’s inventory price $281,000 after obtaining an extra 27,139 stocks within the remaining quarter. Readability Monetary LLC bought a brand new stake in Patterson-UTI Power within the fourth quarter valued at $274,000. After all, Arcadia Funding Control Corp MI boosted its stake in Patterson-UTI Power by way of 1,000.0% within the first quarter. Arcadia Funding Control Corp MI now owns 2,200 stocks of the oil and fuel corporate’s inventory valued at $26,000 after obtaining an extra 2,000 stocks within the remaining quarter. 97.91% of the inventory is lately owned by way of institutional buyers and hedge budget.
Wall Side road Analysts Forecast Enlargement
A variety of equities analysis analysts not too long ago issued studies on PTEN stocks. Susquehanna reissued a “sure” score and issued a $18.00 value goal on stocks of Patterson-UTI Power in a analysis word on Wednesday, September sixth. Stifel Nicolaus assumed protection on stocks of Patterson-UTI Power in a analysis record on Tuesday, September fifth. They issued a “purchase” score and a $19.00 goal value at the inventory. Citigroup upped their value goal on stocks of Patterson-UTI Power from $13.00 to $15.00 and gave the inventory a “impartial” score in a analysis record on Tuesday, July 18th. Raymond James raised their value goal on stocks of Patterson-UTI Power from $18.00 to $23.00 and gave the corporate a “strong-buy” score in a analysis word on Monday. After all, Morgan Stanley reiterated an “obese” score and set a $20.00 value goal on stocks of Patterson-UTI Power in a analysis word on Monday, July thirty first. Two analysis analysts have rated the inventory with a dangle score, 8 have assigned a purchase score and one has issued a robust purchase score to the corporate. In line with information from MarketBeat, the inventory right now has a median score of “Reasonable Purchase” and a median value goal of $18.11.
Take a look at Out Our Newest Inventory Record on Patterson-UTI Power
Patterson-UTI Power Inventory Efficiency
NASDAQ PTEN opened at $13.06 on Tuesday. The corporate has a debt-to-equity ratio of 0.48, a present ratio of one.76 and a handy guide a rough ratio of one.61. The corporate has a marketplace cap of $2.72 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.25 and a beta of two.38. The inventory has a 50-day shifting moderate of $14.85 and a two-hundred day shifting moderate of $12.83. Patterson-UTI Power has a 1-year low of $9.70 and a 1-year top of $19.81.
Patterson-UTI Power (NASDAQ:PTEN – Get Loose Record) remaining introduced its quarterly profits information on Wednesday, July twenty sixth. The oil and fuel corporate reported $0.40 profits consistent with proportion (EPS) for the quarter, lacking the consensus estimate of $0.44 by way of ($0.04). Patterson-UTI Power had a internet margin of eleven.28% and a go back on fairness of 21.22%. The corporate had earnings of $758.89 million all through the quarter, in comparison to analyst estimates of $781.73 million. All over the similar quarter within the earlier yr, the industry posted $0.05 profits consistent with proportion. The company’s earnings was once up 22.0% on a year-over-year foundation. As a gaggle, analysts look forward to that Patterson-UTI Power will put up 1.5 EPS for the present yr.
Patterson-UTI Power Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which was once paid on Thursday, September twenty first. Shareholders of document on Thursday, September seventh got a $0.08 dividend. This represents a $0.32 dividend on an annualized foundation and a dividend yield of two.45%. The ex-dividend date was once Wednesday, September sixth. Patterson-UTI Power’s dividend payout ratio is right now 20.00%.
About Patterson-UTI Power
Patterson-UTI Power, Inc, thru its subsidiaries, supplies contract drilling services and products to grease and herbal fuel operators in the USA and the world over. It operates thru 3 segments: Contract Drilling Services and products, Drive Pumping Services and products, and Directional Drilling Services and products. The Contract Drilling Services and products section markets its contract drilling services and products basically in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia.
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