Shares of PTEN fell by 2.12% or $-0.37/share to $17.11. Patterson-UTI Energy Inc. is trading at a price to book ratio of 1.15. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.41 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.31. On average, 3896950 shares of PTEN exchange hands on a given day and today's volume is recorded at 7138638. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Patterson-UTI Energy, Inc. (Patterson-UTI) owns and operates fleets of land-based drilling rigs in the United States.
