How to Buy Patterson Uti Energy Stock
Patterson Uti Energy Inc
Patterson-UTI Energy, Inc. , through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally.
Patterson Uti Energy stock last closed at $11.25, down 0.09% from the previous day, and has decreased 3.43% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.11 percentage points. Patterson Uti Energy stock is currently +15.98% from its 52-week low of $9.70, and -30.45% from its 52-week high of $16.18.
At the moment, there are 408.19M PTEN shares outstanding. The market value of PTEN is $4.59B. In the last 24 hours, 5.23M PTEN shares were traded.
How to Buy Patterson Uti Energy Stock
Wondering how to invest in Patterson Uti Energy stock? Here's how.
- Figure out where to buy Patterson Uti Energy stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Patterson Uti Energy stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your method of payment and add your info.
- Analyze Patterson Uti Energy stock: The Patterson Uti Energy ticker symbol is PTEN. Is Patterson Uti Energy stock a good investment? Should you buy shares of PTEN? How do PTEN's underlying business fundamentals look? Do top analysts think Patterson Uti Energy is a good buy? Why has PTEN's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if PTEN is a good stock to buy).
- Make your PTEN trade: Decide if you will purchase PTEN shares at the current market price or use a limit order to purchase PTEN stock at a specific price.
- Keep an eye on your PTEN position: Create a watchlist to the latest updates on your position in Patterson Uti Energy shares.
Step 1: Figure out where to buy Patterson Uti Energy stock
You will need an online brokerage account in order to access the NASDAQ market and buy PTEN shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to buy PTEN stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new trading account.
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Step 3: Deposit funds into your brokerage account
Now that you've opened your account on the best investment app, you need to deposit funds:
Watch the tutorial below if you need help transferring money into your new investment account.
Step 4: Analyze Patterson Uti Energy stock
Once you have identified the best place to buy Patterson Uti Energy stock, it's important to evaluate their stock before you buy, so you actually wrap your head around the risk as well as the upside.
Patterson Uti Energy quick stats
Patterson Uti Energy Overview
WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PTEN's stock page.
Is PTEN stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge PTEN's intrinsic value.
Using relative valuations metrics:
- PTEN could be overvalued based on its P/E ratio of 12.78x, relative to Oil & Gas Drilling industry P/E ratio of 9.15x
- PTEN may be undervalued based on its P/B ratio of 0.95x, relative to Oil & Gas Drilling industry P/B ratio of 0.99x
- PTEN may be undervalued based on its PEG ratio of 0.17x
You can access more valuation analysis on PTEN's stock here.
PTEN Financial Overview
Passed Financial Due Diligence Checks:
- PTEN profit margin has gone up from 5.8% to 5.9% in the past year.
- Total PTEN debt is lower than 5 years ago, relative to shareholder equity.
- PTEN's operating cash flow of $1.01B allows it to safely service it's debt of $1.35B.
- There are more short-term assets than short-term liabilities on the PTEN balance sheet.
- PTEN earnings of $360.31M is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- PTEN has a relatively high debt to equity ratio of 0.54.
- There are more long-term liabilities than short-term assets on the PTEN balance sheet.
Is Patterson Uti Energy stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 sell side analysts who monitor PTEN, the consensus analyst rating on PTEN is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Latest PTEN Analyst Ratings
Ati Modak, a bottom 45% analyst from Goldman Sachs initiates coverage on PTEN with a hold rating and announces their PTEN price target of $12.00, on Dec 19, 2023.
Derek Podhaizer, a bottom 18% analyst from Barclays maintains PTEN with a strong buy rating and lowers their PTEN price target from $18.00 to $16.00, on Nov 14, 2023.
Luke Lemoine, a top 11% analyst from Piper Sandler maintains PTEN with a strong buy rating and lowers their PTEN price target from $20.00 to $19.00, on Nov 13, 2023.
You can dive deeper into what analysts are projecting on the Patterson Uti Energy stock forecast page.
PTEN Technical Indicators
Is PTEN Making Money?
Last year, PTEN earnings were $246.29M. Over the last 1 years, PTEN's earnings have gone up by 22.22% per year. This was slower than the Oil & Gas Drilling industry average of 24.79%.
Last year, PTEN revenue was $4.15B. During the last five year, PTEN's revenue has grown by 4.5% per year. This was slower than the Oil & Gas Drilling industry average of 33.35%.
Dig into PTEN's earnings and revenue performance here.
Are PTEN executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at PTEN have sold more shares than they have bought.
Robert Wayne Drummond Jr., Director of PTEN, was the latest PTEN insider to sell. They sold $768,445.44 worth of PTEN stock on Mar 1, 2024.
Get more info about who owns PTEN shares here.
Can I rely on PTEN as an income stream?
Patterson Uti Energy pays a dividend of 2.84%, compared to the Oil & Gas Drilling industry's average dividend yield of 2.66%. If you owned $1,000 of PTEN stock, you would have received $28.44 in the past 12 months.
Patterson Uti Energy dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Patterson Uti Energy dividend yield and history here.
PTEN Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your PTEN trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open button and your broker will execute the order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your PTEN position
Now that you own some shares in PTEN, you'll want to stay up-to-date on your shares.
Create a watchlist to get notified of the latest news about your PTEN stock.
PTEN Feed
How to Buy Stock in Patterson Uti Energy
To summarize, here are the 6 steps you need to take to buy Patterson Uti Energy stock right now:
- Figure out where to buy Patterson Uti Energy stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Patterson Uti Energy stock
- Make your PTEN trade
- Keep an eye on your PTEN position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in Patterson Uti Energy, create your watchlist below.
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