PattersonUTI Energy (PTEN)
(Delayed Data from NSDQ)
$8.53 USD
+0.16 (1.91%)
Updated Sep 23, 2024 04:00 PM ET
After-Market: $8.52 -0.01 (-0.12%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth F Momentum B VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
PTEN 8.53 +0.16(1.91%)
Will PTEN be a Portfolio Killer in September?
Zacks Investment Research is releasing its prediction for PTEN based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for PTEN
Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
Patterson-UTI (PTEN) Q2 Earnings Fall Y/Y, Sales Lag Estimates
PTEN: What are Zacks experts saying now?
Zacks Private Portfolio Services
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
Patterson-UTI (PTEN) to Report Q2 Earnings: What's in Store?
Patterson-UTI (PTEN) Down 0.1% Since Last Earnings Report: Can It Rebound?
Other News for PTEN
Patterson-UTI price target lowered by $2 at Morgan Stanley, here's why
Election 2024: Where To Put Your Money Ahead of the Vote
Nabors cut at Citi on limited near-term free cash flow; Patterson-UTI preferred
Patterson-UTI price target lowered by $1.50 at Citi, here's why
PTEN Crosses Critical Technical Indicator