Patterson Uti Energy Stock Analysis

Patterson Stock Analysis Notes

About 98.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.98. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Patterson UTI Energy has Price/Earnings To Growth (PEG) ratio of 0.4. The entity last dividend was issued on the 29th of February 2024. The firm had 2:1 split on the 1st of July 2004. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas. Patterson-Uti Energy operates under Oil Gas Drilling classification in the United States and is traded on NASDAQ Exchange. It employs 5000 people. To find out more about Patterson UTI Energy contact William Hendricks at 281 765 7100 or learn more at https://www.patenergy.com.

Patterson UTI Energy Investment Alerts

Patterson UTI Energy Upcoming and Recent Events

Patterson Largest EPS Surprises

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Patterson UTI Thematic Classifications

Patterson Stock Institutional Investors

Note, although Patterson UTI's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Patterson Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Patterson UTI's market, we take the total number of its shares issued and multiply it by Patterson UTI's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Patterson Profitablity

The company has Profit Margin (PM) of 0.06 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.08 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.08.

Management Efficiency

Patterson UTI Energy has return on total asset (ROA) of 0.0535 % which means that it generated a profit of $0.0535 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0758 %, meaning that it created $0.0758 on every $100 dollars invested by stockholders. Patterson UTI's management efficiency ratios could be used to measure how well Patterson UTI manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Patterson UTI's Return On Capital Employed is very stable compared to the past year. As of the 19th of April 2024, Return On Assets is likely to grow to 0.04, while Return On Tangible Assets are likely to drop 0.04. At this time, Patterson UTI's Intangibles To Total Assets are very stable compared to the past year. As of the 19th of April 2024, Fixed Asset Turnover is likely to grow to 1.36, while Other Current Assets are likely to drop about 41.9 M.

Technical Drivers

As of the 19th of April, Patterson UTI holds the Coefficient Of Variation of 1156.71, risk adjusted performance of 0.0611, and Semi Deviation of 1.75. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patterson UTI, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Patterson UTI Energy, which can be compared to its competitors. Please check Patterson UTI Energy jensen alpha and downside variance to decide if Patterson UTI Energy is priced some-what accurately, providing market reflects its current price of 11.34 per share. Given that Patterson UTI has jensen alpha of 0.1155, we recommend you to check out Patterson UTI Energy's recent market performance to make sure the company can sustain itself at a future point.

Patterson UTI Energy Price Movement Analysis

Patterson UTI Energy Insider Trading Activities

Patterson UTI Outstanding Bonds

Patterson UTI Predictive Daily Indicators

Patterson UTI Corporate Filings

Patterson UTI Forecast Models

Patterson UTI's time-series forecasting models are one of many Patterson UTI's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Patterson UTI's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Patterson UTI prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Patterson shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Patterson UTI. By using and applying Patterson Stock analysis, traders can create a robust methodology for identifying Patterson entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Patterson analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Patterson analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Patterson UTI Energy stock analysis indicators help investors evaluate how Patterson UTI stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Patterson UTI shares will generate the highest return on investment. By understating and applying Patterson UTI stock analysis, traders can identify Patterson UTI position entry and exit signals to maximize returns.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Patterson UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

When running Patterson UTI's price analysis, check to measure Patterson UTI's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.

Is Patterson UTI's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.