Trader’s Buzzers: Patterson-UTI Energy Inc. (NASDAQ:PTEN), Skyline Medical Inc. (NASDAQ:SKLN)


Patterson-UTI Energy Inc. (NASDAQ:PTEN)

Patterson is one of the leading providers of domestic land drilling services to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs, 108 of which are currently operable. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company’s drilling contract operations, the oil & natural gas operations are no longer material to the Company’s overall operations.

Patterson-UTI Energy Inc. (NASDAQ:PTEN)’s Financial Overview

Patterson-UTI Energy Inc. (NASDAQ:PTEN) surged 16.16% yesterday to close its trading session at $26.67. The company has 1 year Price Target of $23.6. Patterson-UTI Energy Inc. has 52-Week high of $27.34 and 52-Week Low of $10.94. The stock touched its 52-Week High on Oct 14, 2016 and 52-Week Low on Jan 20, 2016. The stock traded with the volume of 7.4 Million shares yesterday. The firm shows the market capitalization of $3.95 Billion.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) reported its last quarterly earnings on Sep 16 where the firm reported its Actual EPS of $-0.57/share against the analyst consensus estimate of $-0.6/share. The difference between the actual and expected EPS is $0.03 a share with a surprise factor of 5%.

The firm is trading with SMA20 of 16.18 Percent, SMA50 of 17.79 Percent and SMA200 of 34.85 percent. Patterson-UTI Energy Inc. has P/S value of 3.92 while its P/B value stands at 1.68. Similarly, the company has Return on Assets of -7.3 percent, Return on Equity of -12.7 percent and Return on Investment of -7.6 Percent. The company shows Gross Margin and Operating Margin of 31.9 percent and -43.5 percent respectively.

Many brokerage firms are involved in issuing their ratings on Patterson-UTI Energy Inc. (NASDAQ:PTEN). On 14-Sep-16 Gabelli & Co Upgrade Patterson-UTI Energy Inc. Stock  to Buy. Another firm also rated the stock on 16-Aug-16 where BofA/Merrill Upgrade the stock to Neutral.

The Stock currently has Analyst’ mean Recommendation of 2.4 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 29 analysts offering 12-month price forecasts for Patterson-UTI Energy Inc have a median target of 25.00, with a high estimate of 34.00 and a low estimate of 14.00. The median estimate represents a -6.26% decrease from the last price of 26.67.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

Skyline Medical Inc. (NASDAQ:SKLN)

Skyline Medical Inc. is a medical device company. It produces an automated surgical fluid disposal system. The Company has a fully automated surgical fluid disposal device – the Streamway System. Its Streamway System fully automates the collection, measurement and disposal of surgical fluids. Skyline Medical, Inc. is based in Eagan, Minnesota.

Skyline Medical Inc. (NASDAQ:SKLN)’s Financial Outlook

There is no forecast data available.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

According to Zacks Investment Research, Skyline Medical Inc. has a Consensus Recommendation of NA. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

The Stock fell -6.69% and closed its last trading session at $2.65. The company has the market capitalization of $10.1 Million. The stock has 52-week high of $6.05 and 52-Week low of $0.08. The firm touched its 52-Week high on Nov 22, 2016 and 52-Week low on Aug 29, 2016. The company has volume of 1.21 Million shares. The company has a total of 3.81 Million shares outstanding.

The company has YTD performance of -96.39 percent. Beta for Skyline Medical Inc. stands at -0.71 while its ATR (average true range) is 0.8. The company has Weekly Volatility of 27.51%% and Monthly Volatility of 25.78%%.

Skyline Medical Inc. has distance from 20-day Simple Moving Average (SMA20) of -12.35%, Distance from 50-Day Simple Moving Average of -19.46 percent and Distance from 200-Day Simple Moving Average of -60.13%.

The Company currently has ROA (Return on Assets) of -222.3 percent, Return on Equity (ROE) of -434.7 Percent and Return on Investment (ROI) of -116.8% with Gross margin of 49.3 percent and Operating & Profit margin of 0% and 0% respectively.