Patterson Uti Energy Stock Current Asset

PTEN Stock  USD 12.05  0.36  3.08%   
Patterson UTI Energy fundamentals help investors to digest information that contributes to Patterson UTI's financial success or failures. It also enables traders to predict the movement of Patterson Stock. The fundamental analysis module provides a way to measure Patterson UTI's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Patterson UTI stock.
At this time, Patterson UTI's Non Current Assets Total are very stable compared to the past year. As of the 28th of March 2024, Total Current Assets is likely to grow to about 1.6 B, while Other Current Assets are likely to drop about 41.9 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Patterson Current Asset Analysis

Patterson UTI's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
 2021 2022 2023 2024 (projected)
Total Operating Expenses93.1M104.0M170.8M133.2M
Cost Of Revenue1.9B2.3B3.5B3.7B

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

More About Current Asset | All Equity Analysis

Current Patterson UTI Current Asset

    
  486.54 M  
Most of Patterson UTI's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Patterson UTI Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Patterson Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Patterson UTI is extremely important. It helps to project a fair market value of Patterson Stock properly, considering its historical fundamentals such as Current Asset. Since Patterson UTI's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Patterson UTI's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Patterson UTI's interrelated accounts and indicators.
0.910.990.860.180.860.860.510.640.950.890.170.690.760.11-0.640.660.81-0.460.590.170.25-0.060.550.230.10.240.550.53
0.910.920.92-0.20.870.860.660.860.820.930.050.790.95-0.01-0.760.710.84-0.690.33-0.120.57-0.450.640.52-0.02-0.060.640.67
0.990.920.840.120.860.840.490.690.880.870.240.720.780.11-0.670.630.86-0.430.530.190.31-0.150.550.220.170.260.580.55
0.860.920.84-0.140.820.790.660.750.840.820.060.650.860.11-0.620.820.71-0.740.44-0.060.56-0.390.80.450.0-0.120.530.55
0.18-0.20.12-0.14-0.15-0.11-0.09-0.630.29-0.140.24-0.45-0.470.310.490.02-0.280.330.780.77-0.620.88-0.15-0.710.270.55-0.28-0.5
0.860.870.860.82-0.150.980.440.780.810.950.070.80.82-0.22-0.760.530.86-0.40.22-0.090.36-0.280.50.51-0.010.110.60.68
0.860.860.840.79-0.110.980.460.730.830.97-0.040.770.8-0.26-0.730.530.82-0.40.25-0.080.32-0.220.480.54-0.110.110.60.66
0.510.660.490.66-0.090.440.460.450.510.55-0.090.190.58-0.06-0.190.90.27-0.820.43-0.040.75-0.410.720.42-0.11-0.150.510.4
0.640.860.690.75-0.630.780.730.450.480.780.020.890.95-0.14-0.880.480.88-0.58-0.15-0.410.69-0.760.530.68-0.06-0.190.660.79
0.950.820.880.840.290.810.830.510.480.850.020.570.670.09-0.530.670.64-0.480.650.130.130.110.520.23-0.040.20.440.45
0.890.930.870.82-0.140.950.970.550.780.85-0.120.80.86-0.24-0.760.590.83-0.50.26-0.120.38-0.280.540.54-0.20.050.660.68
0.170.050.240.060.240.07-0.04-0.090.020.02-0.12-0.040.00.480.06-0.010.130.070.330.410.040.05-0.08-0.181.00.23-0.15-0.1
0.690.790.720.65-0.450.80.770.190.890.570.8-0.040.86-0.13-0.990.270.95-0.29-0.17-0.430.33-0.450.290.56-0.140.110.620.85
0.760.950.780.86-0.470.820.80.580.950.670.860.00.86-0.07-0.850.610.84-0.720.06-0.40.65-0.630.570.69-0.08-0.220.610.77
0.11-0.010.110.110.31-0.22-0.26-0.06-0.140.09-0.240.48-0.13-0.070.110.11-0.06-0.030.40.28-0.10.20.06-0.250.480.2-0.01-0.17
-0.64-0.76-0.67-0.620.49-0.76-0.73-0.19-0.88-0.53-0.760.06-0.99-0.850.11-0.26-0.920.30.220.5-0.340.47-0.26-0.610.16-0.1-0.62-0.88
0.660.710.630.820.020.530.530.90.480.670.59-0.010.270.610.11-0.260.37-0.790.580.090.68-0.30.880.31-0.03-0.030.530.42
0.810.840.860.71-0.280.860.820.270.880.640.830.130.950.84-0.06-0.920.37-0.280.03-0.160.36-0.40.40.420.040.220.660.76
-0.46-0.69-0.43-0.740.33-0.4-0.4-0.82-0.58-0.48-0.50.07-0.29-0.72-0.030.3-0.79-0.28-0.270.29-0.770.58-0.71-0.550.10.54-0.31-0.36
0.590.330.530.440.780.220.250.43-0.150.650.260.33-0.170.060.40.220.580.03-0.270.7-0.070.460.4-0.380.330.270.02-0.23
0.17-0.120.19-0.060.77-0.09-0.08-0.04-0.410.13-0.120.41-0.43-0.40.280.50.09-0.160.290.7-0.290.510.15-0.720.440.38-0.12-0.58
0.250.570.310.56-0.620.360.320.750.690.130.380.040.330.65-0.1-0.340.680.36-0.77-0.07-0.29-0.860.690.610.02-0.40.50.5
-0.06-0.45-0.15-0.390.88-0.28-0.22-0.41-0.760.11-0.280.05-0.45-0.630.20.47-0.3-0.40.580.460.51-0.86-0.46-0.630.090.56-0.41-0.47
0.550.640.550.8-0.150.50.480.720.530.520.54-0.080.290.570.06-0.260.880.4-0.710.40.150.69-0.460.24-0.11-0.210.550.28
0.230.520.220.45-0.710.510.540.420.680.230.54-0.180.560.69-0.25-0.610.310.42-0.55-0.38-0.720.61-0.630.24-0.23-0.340.450.73
0.1-0.020.170.00.27-0.01-0.11-0.11-0.06-0.04-0.21.0-0.14-0.080.480.16-0.030.040.10.330.440.020.09-0.11-0.230.22-0.2-0.17
0.24-0.060.26-0.120.550.110.11-0.15-0.190.20.050.230.11-0.220.2-0.1-0.030.220.540.270.38-0.40.56-0.21-0.340.220.250.22
0.550.640.580.53-0.280.60.60.510.660.440.66-0.150.620.61-0.01-0.620.530.66-0.310.02-0.120.5-0.410.550.45-0.20.250.66
0.530.670.550.55-0.50.680.660.40.790.450.68-0.10.850.77-0.17-0.880.420.76-0.36-0.23-0.580.5-0.470.280.73-0.170.220.66
Click cells to compare fundamentals
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition

Patterson Total Assets

Total Assets

7.79 Billion

At this time, Patterson UTI's Total Assets are very stable compared to the past year.
In accordance with the recently published financial statements, Patterson UTI Energy has a Current Asset of 486.54 M. This is 93.17% lower than that of the Energy Equipment & Services sector and 61.4% lower than that of the Energy industry. The current asset for all United States stocks is 94.79% higher than that of the company.

Patterson Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Patterson UTI's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Patterson UTI could also be used in its relative valuation, which is a method of valuing Patterson UTI by comparing valuation metrics of similar companies.
Patterson UTI is currently under evaluation in current asset category among related companies.

Patterson Fundamentals

About Patterson UTI Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Patterson UTI Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patterson UTI using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patterson UTI Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Non Current Assets Total5.9 B6.2 B
Other Current Assets83.2 M41.9 M
Total Current Assets1.5 B1.6 B

Patterson UTI Investors Sentiment

The influence of Patterson UTI's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Patterson. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Patterson UTI's public news can be used to forecast risks associated with an investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson UTI Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Patterson UTI's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson UTI's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Patterson UTI's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Patterson UTI.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Patterson UTI in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Patterson UTI's short interest history, or implied volatility extrapolated from Patterson UTI options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Patterson-UTI Energy using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Patterson-UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:
Check out Patterson UTI Piotroski F Score and Patterson UTI Altman Z Score analysis.
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 Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for Patterson Stock analysis

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.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
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.
Quarterly Earnings Growth
(0.68)
Dividend Share
0.32
Earnings Share
0.88
Revenue Per Share
14.835
Quarterly Revenue Growth
1.009
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.