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Is this Large Market Cap Stock target price reasonable for Patterson-UTI Energy Inc. (NASDAQ:PTEN)?

The company in question is, Patterson-UTI Energy Inc. (NASDAQ:PTEN) currently with a stock price of 24.19 (-1.51% today). The market cap for Patterson-UTI Energy Inc. is 3626.78, and is in the sector Basic Materials, and Oil & Gas Drilling & Exploration industry. The target price for Patterson-UTI Energy Inc. is 21.43. Currently Patterson-UTI Energy Inc. is trading with a P/E of *TBA, and a forward P/E of *TBA. Average volume for Patterson-UTI Energy Inc. is 3616.12 and so far today it is 1633219.

Performance in the last year for Patterson-UTI Energy Inc. has been 56.02%. For EPS growth, Patterson-UTI Energy Inc. has seen a growth of -281.00%, and is looking to grow in the next year to 20.50%. More long term stats show that EPS growth has been -35.80% over the last five years and could be *TBA for the next five years. Patterson-UTI Energy Inc. has seen sales growth quarter over quarter at -82.80%, with EPS growth quarter over quarter at -760.50%. The 20-day simple moving average is 17.92%, with the 200-day simple moving average coming to 33.22%.

Since the IPO date for Patterson-UTI Energy Inc. on the 11/02/1993, Patterson-UTI Energy Inc. has seen performance year to date to be 64.08%. With Patterson-UTI Energy Inc. trading at 24.19, the dividend yield is 0.33%, and the EPS is -3.

So could Patterson-UTI Energy Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.96 and the P/B is at 1.49. The P/cash is 17.3, with P/free cash flow at 22.44.

Patterson-UTI Energy Inc. ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1.5. This is with long term debt/equity at 0.31, and total debt/equity at 0.34.

In terms of margins, Patterson-UTI Energy Inc. has a gross margin of 33.80%, an operating margin of -51.10% and a profit margin of -35.70%.Payout ratio for Patterson-UTI Energy Inc. is *TBA. Return on assets come to -9.80% with return on investment coming to -7.60%.

Insider ownership for Patterson-UTI Energy Inc., is at 1.90% and institutional ownership comes to *TBA. Outstanding shares are at 147.67. While shares float is 144.52. The float short is currently 17.39%, and short ratio is 6.95.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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