Patterson Uti Energy Stock Today
| PTEN Stock | USD 11.53 0.07 0.60% |
Performance5 of 100
| Odds Of DistressLess than 3
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Patterson UTI is selling at 11.53 as of the 25th of April 2024; that is -0.6% down since the beginning of the trading day. The stock's open price was 11.6. Patterson UTI has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Patterson UTI Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 2nd of November 1993 |
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. The company has 403.25 M outstanding shares of which 26.44 M shares are at this time shorted by private and institutional investors with about 4.12 trading days to cover. More on Patterson UTI Energy
Moving together with Patterson Stock
| 0.81 | HP | Helmerich and Payne Earnings Call Today | PairCorr |
| 0.62 | PDS | Precision Drilling Earnings Call Today | PairCorr |
Moving against Patterson Stock
| 0.58 | EP | Empire Petroleum Corp | PairCorr |
| 0.57 | ICD | Independence Contract Financial Report 14th of May 2024 | PairCorr |
Patterson Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Patterson UTI's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Patterson UTI or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | William Hendricks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Oil And Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Energy Equipment & Services, Oil & Gas Drilling, Energy, NASDAQ Composite, SP Small-Cap 600, Dow Jones Oil, NASDAQ Composite Total, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Patterson UTI report their recommendations after researching Patterson UTI's financial statements, talking to executives and customers, or listening in on Patterson UTI's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Patterson UTI Energy. The Patterson consensus assessment is calculated by taking the average forecast from all of the analysts covering Patterson UTI. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Patterson UTI's historical financial statements, Patterson UTI Energy is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Patterson UTI Energy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Patterson UTI's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Patterson UTI's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Patterson UTI's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Patterson UTI's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Patterson UTI's financial leverage. It provides some insight into what part of Patterson UTI's total assets is financed by creditors.
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Patterson UTI Energy (PTEN) is traded on NASDAQ Exchange in USA. It is located in 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064 and employs 10,600 people. Patterson UTI is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.68 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 UTI Energy conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 403.25 M outstanding shares of which 26.44 M shares are at this time shorted by private and institutional investors with about 4.12 trading days to cover.
Patterson UTI Energy currently holds about 42.73 M in cash with 1.01 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Check Patterson UTI Probability Of Bankruptcy
Ownership AllocationPatterson UTI owns a total of 403.25 Million outstanding shares. The majority of Patterson UTI Energy outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Patterson UTI Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Patterson UTI. Please pay attention to any change in the institutional holdings of Patterson UTI Energy as this could imply that something significant has changed or is about to change at the company. Also note that almost four million thirty-two thousand five hundred twenty invesors are currently shorting Patterson UTI expressing very little confidence in its future performance.
Check Patterson Ownership Details
Patterson Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Patterson UTI jumping above the current price in 90 days from now is about 40.59%. The Patterson UTI Energy probability density function shows the probability of Patterson UTI stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6858 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Patterson UTI will likely underperform. Additionally, patterson UTI Energy has an alpha of 0.0986, implying that it can generate a 0.0986 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Patterson UTI to move above the current price in 90 days from now is about 40.59 (This Patterson UTI Energy probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) .
Patterson Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Patterson UTI that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Patterson UTI's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Patterson UTI's value.| Instituion | Recorded On | Shares | |
| Fuller & Thaler Asset Management Inc | 2023-12-31 | 7.5 M | |
| Geode Capital Management, Llc | 2023-12-31 | 7.5 M | |
| Bank Of America Corp | 2023-12-31 | 7.3 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 6.8 M | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 6.6 M | |
| Deprince Race & Zollo Inc | 2023-12-31 | 5 M | |
| Fisher Asset Management, Llc | 2023-12-31 | 5 M | |
| Principal Financial Group Inc | 2023-12-31 | 4.9 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 4.8 M | |
| Blackrock Inc | 2023-12-31 | 55.5 M | |
| Vanguard Group Inc | 2023-12-31 | 45 M |
Patterson UTI Historical Income Statement
Patterson UTI Energy Income Statement is one of the three primary financial statements used for reporting Patterson's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Patterson UTI Energy revenue and expense. Patterson UTI Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Patterson UTI's EBIT is very stable compared to the past year. As of the 25th of April 2024, EBITDA is likely to grow to about 1.2 B, while Total Operating Expenses is likely to drop about 133.2 M. View More FundamentalsPatterson Stock Against Markets
Picking the right benchmark for Patterson UTI stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Patterson UTI stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Patterson UTI is critical whether you are bullish or bearish towards Patterson UTI Energy at a given time. Please also check how Patterson UTI's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Patterson UTI without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Patterson UTI Corporate Directors
Patterson UTI corporate directors refer to members of a Patterson UTI board of directors. The board of directors generally takes responsibility for the Patterson UTI's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Patterson UTI's board members must vote for the resolution. The Patterson UTI board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Charles Buckner | Independent Director | Profile | |
| Terry Hunt | Independent Director | Profile | |
| Michael Conlon | Independent Director | Profile | |
| Janeen Judah | Director | Profile |
How to buy Patterson Stock?
Before investing in Patterson UTI, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Patterson UTI. To buy Patterson UTI stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Patterson UTI. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Patterson UTI stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Patterson UTI Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Patterson UTI Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Patterson UTI Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Patterson Stock please use our How to Invest in Patterson UTI guide.
Already Invested in Patterson UTI Energy?
The danger of trading Patterson UTI Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Patterson UTI is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Patterson UTI. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Patterson UTI Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.
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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.