Patterson Uti Energy Stock Performance
| PTEN Stock | USD 11.60 0.26 2.29% |
Patterson UTI has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 1.64, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Patterson UTI will likely underperform. Patterson UTI Energy right now holds a risk of 2.67%. Please check Patterson UTI Energy downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Patterson UTI Energy will be following its historical price patterns.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Patterson UTI Energy are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very weak technical and fundamental indicators, Patterson UTI may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Actual Historical Performance (%)
One Day Return 2.12 | Five Day Return 2.12 | Year To Date Return 6.93 | Ten Year Return (65.42) | All Time Return 1.2 K |
Forward Dividend Yield 0.0278 | Payout Ratio 0.254 | Last Split Factor 2:1 | Forward Dividend Rate 0.32 | Dividend Date 2024-03-15 |
1 | Van ECK Associates Corp Raises Stock Position in Patterson-UTI Energy, Inc. | 02/07/2024 |
2 | Disposition of 187916 shares by Drummond Robert Wayne Jr of Patterson UTI at 11.73 subject to Rule 16b-3 | 02/29/2024 |
3 | Disposition of 65344 shares by Drummond Robert Wayne Jr of Patterson UTI at 11.76 subject to Rule 16b-3 | 03/01/2024 |
4 | Director Drummond Robert Wayne Jr Sells Shares of Patterson-UTI Energy Inc | 03/05/2024 |
5 | Jacobs Levy Equity Management Inc. Decreases Stock Holdings in Patterson-UTI Energy, Inc. - MarketBeat | 03/12/2024 |
| Patterson UTI dividend paid on 15th of March 2024 | 03/15/2024 |
6 | Stock Traders Purchase High Volume of Put Options on Patterson-UTI Energy - MarketBeat | 03/28/2024 |
7 | Patterson-UTI reports steady rig count in March | 04/03/2024 |
8 | These 2 Oils and Energy Stocks Could Beat Earnings Why They Should Be on Your Radar | 04/08/2024 |
9 | DekaBank Deutsche Girozentrale Increases Position in Patterson-UTI Energy, Inc. - Defense World | 04/18/2024 |
| Begin Period Cash Flow | 137.6 M |
Patterson |
Patterson UTI Relative Risk vs. Return Landscape
If you would invest 1,045 in Patterson UTI Energy on January 24, 2024 and sell it today you would earn a total of 89.00 from holding Patterson UTI Energy or generate 8.52% return on investment over 90 days. Patterson UTI Energy is currently generating 0.1636% in daily expected returns and assumes 2.6693% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of stocks are less volatile than Patterson, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Patterson UTI Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patterson UTI's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Patterson UTI Energy, and traders can use it to determine the average amount a Patterson UTI's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0613
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Estimated Market Risk
| 2.67 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Patterson UTI is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patterson UTI by adding it to a well-diversified portfolio.
Patterson UTI Fundamentals Growth
Patterson Stock prices reflect investors' perceptions of the future prospects and financial health of Patterson UTI, and Patterson UTI fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Patterson Stock performance.
| Return On Equity | 0.0758 | ||||
| Return On Asset | 0.0535 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 5.86 B | ||||
| Shares Outstanding | 403.25 M | ||||
| Price To Earning | 37.63 X | ||||
| Price To Book | 0.98 X | ||||
| Price To Sales | 1.14 X | ||||
| Revenue | 4.15 B | ||||
| Gross Profit | 801.04 M | ||||
| EBITDA | 1.16 B | ||||
| Net Income | 246.29 M | ||||
| Cash And Equivalents | 42.73 M | ||||
| Cash Per Share | 0.20 X | ||||
| Total Debt | 1.35 B | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 1.55 X | ||||
| Book Value Per Share | 11.70 X | ||||
| Cash Flow From Operations | 1.01 B | ||||
| Earnings Per Share | 0.88 X | ||||
| Market Capitalization | 4.57 B | ||||
| Total Asset | 7.42 B | ||||
| Retained Earnings | 57.03 M | ||||
| Working Capital | 435.26 M | ||||
| Current Asset | 486.54 M | ||||
| Current Liabilities | 316.62 M | ||||
About Patterson UTI Performance
To evaluate Patterson UTI Energy Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Patterson UTI generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Patterson Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Patterson UTI Energy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Patterson's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 18.63 | 19.56 | |
| Return On Tangible Assets | 0.05 | 0.04 | |
| Return On Capital Employed | 0.07 | 0.07 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.05 | 0.05 |
Things to note about Patterson UTI Energy performance evaluation
Checking the ongoing alerts about Patterson UTI for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Patterson UTI Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Patterson UTI Energy has a very strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 15th of March 2024 Patterson UTI paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from news.google.com: DekaBank Deutsche Girozentrale Increases Position in Patterson-UTI Energy, Inc. - Defense World |
- Analyzing Patterson UTI's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Patterson UTI's stock is overvalued or undervalued compared to its peers.
- Examining Patterson UTI's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Patterson UTI's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Patterson UTI's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Patterson UTI's stock. These opinions can provide insight into Patterson UTI's potential for growth and whether the stock is currently undervalued or overvalued.
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.