With 13.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.91 million shares. The 52-week range on PTEN shows that it touched its highest point at $12.65 and its lowest point at $7.03 during that stretch. It currently has a 1-year price target of $10.61. With its current market cap of 2.85 billion, PTEN has annualized dividend of $0.32 while the current yield stands at 4.34%. Beta for the stock currently stands at 1.67.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PTEN was down-trending over the past week, with a drop of -1.47%, but this was down by -11.93% over a month. Three-month performance dropped to -9.89% while six-month performance fell -11.40%. The stock lost -36.65% in the past year, while it has lost -10.65% so far this year. A look at the trailing 12-month EPS for PTEN yields -2.48 with Next year EPS estimates of 0.22. For the next quarter, that number is -0.04. This implies an EPS growth rate of 61.18% for this year and 647.92% for next year.
Float and Shares Shorts:
At present, 387.34 million PTEN shares are outstanding with a float of 348.31 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PTEN since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.14766 being high and $0.042188 being low. For PTEN, this leads to a yearly average estimate of $0.10547. Based on analyst estimates, the high estimate for the next quarter is $0.0 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.01.
