Patterson-UTI Stock Analysis

PTEN
 Stock
  

USD 17.39  0.04  0.23%   

The latest rise in Patterson-UTI Energy short term price appreciation may encourage institutional investors to take a closer look at the company as it is trading at a share price of 17.39 on 1,151,900 in trading volume. The company management teams have successfully maneuvered the company at convenient times to take advantage of all market conditions in November. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.29. This high volatility is attributed to the latest market swings and not-so-good earnings reports for some of the Patterson-UTI Energy partners.
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The Patterson-UTI Energy stock analysis report makes it easy to digest most publicly released information about Patterson-UTI Energy and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Patterson-UTI Stock analysis module also helps to analyze the Patterson-UTI Energy price relationship with some important fundamental indicators such as market cap and management efficiency.

Patterson-UTI Stock Analysis Notes

About 98.0% of the company shares are owned by institutional investors. The book value of Patterson-UTI Energy was at this time reported as 7.54. The company recorded a loss per share of 2.86. Patterson-UTI Energy last dividend was issued on the 30th of November 2022. The entity 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

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Patterson-UTI Energy's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Patterson-UTI Energy or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Patterson-UTI Energy has very high historical volatility over the last 90 days
The company reported the previous year's revenue of 1.36 B. Net Loss for the year was (654.54 M) with profit before overhead, payroll, taxes, and interest of 275.13 M.
Patterson-UTI Energy has a strong financial position based on the latest SEC filings
Over 98.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: How Will the Market React to Patterson-UTI Energy, Inc. Stock Getting a Bullish Rating - InvestorsObserver

Patterson-UTI Energy Upcoming and Recent Events

Earnings reports are used by Patterson-UTI Energy to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Patterson-UTI Energy previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report10th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Patterson-UTI Largest EPS Surprises

Earnings surprises can significantly impact Patterson-UTI Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2018-07-26
2018-06-30-0.04-0.05-0.0125 
2002-04-24
2002-03-310.020.030.0150 
2000-04-27
2000-03-310.010.020.01100 
View All Earnings Estimates

Patterson-UTI Energy Thematic Classifications

In addition to having Patterson-UTI Energy stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Oil And Gas
Oil And Gas drilling, production, pipelines, and equipment

Patterson-UTI Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 3.78 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Patterson-UTI Energy's market, we take the total number of its shares issued and multiply it by Patterson-UTI Energy'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 these looking for more risk prefer small-cap and mid-cap equities.

Patterson-UTI Profitablity

Patterson-UTI Energy's profitability indicators refer to fundamental financial ratios that showcase Patterson-UTI Energy's ability to generate income relative to its revenue or operating costs. If, let's say, Patterson-UTI Energy is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Patterson-UTI Energy's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Patterson-UTI Energy's profitability requires more research than a typical breakdown of Patterson-UTI Energy's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.13) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average.
Last ReportedProjected for 2022
Return on Investment(25.20) (25.86) 
Return on Average Assets(20.92) (21.47) 
Return on Average Equity(36.11) (37.06) 
Return on Invested Capital(0.12) (0.12) 
Return on Sales(0.57) (0.58) 

Management Efficiency

The value of Return on Investment is estimated to slide to -25.86. The value of Return on Average Assets is estimated to slide to -21.47. Patterson-UTI Energy Total Assets Per Share are quite stable at the moment as compared to the past year. The company's current value of Total Assets Per Share is estimated at 14.11. Net Current Assets as percentage of Total Assets is expected to rise to 6.05 this year, although the value of Assets Non Current will most likely fall to about 2.7 B. Patterson-UTI Energy management efficiency ratios could be used to measure how well patterson-uti energy manages its routine affairs as well as how well it operates its assets and liabilities.
Last ReportedProjected for 2022
Book Value per Share 13.80  12.48 
Enterprise Value over EBIT(11.50) (12.41) 
Enterprise Value over EBITDA 19.32  20.84 
Price to Book Value 2.04  2.21 
Tangible Assets Book Value per Share 22.80  19.82 
Enterprise Value5.2 B4.6 B
Tangible Asset Value3.3 B2.9 B

Technical Drivers

As of the 2nd of December, Patterson-UTI Energy holds the Semi Deviation of 4.42, coefficient of variation of 1215.93, and Risk Adjusted Performance of 0.1305. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patterson-UTI Energy, 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 17.39 per share. Given that Patterson-UTI Energy has jensen alpha of 0.1543, 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

The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Triangular Moving Average shows Patterson-UTI Energy double smoothed mean price over a specified number of previous prices (i.e., averaged twice).
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Patterson-UTI Energy Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Patterson-UTI Energy insiders, such as employees or executives, is commonly permitted as long as it does not rely on Patterson-UTI Energy's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Patterson-UTI Energy insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Patterson-UTI Energy Outstanding Bonds

Patterson-UTI Energy issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Patterson-UTI Energy uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Patterson-UTI bonds can be classified according to their maturity, which is the date when Patterson-UTI Energy has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Patterson-UTI Energy Technical and Predictive Indicators

Patterson-UTI Energy Forecast Models

Patterson-UTI Energy time-series forecasting models is one of many Patterson-UTI Energy's stock analysis techniquest aimed to predict 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 Energy'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.

About Patterson-UTI Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Patterson-UTI Energy 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-UTI 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 Energy. By using and applying Patterson-UTI Stock analysis, traders can create a robust methodology for identifying Patterson-UTI entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin(49.94) (51.25) 
EBITDA Margin 12.61  18.26 
Gross Margin 20.27  29.16 
Profit Margin(48.23) (49.50) 

Current Patterson-UTI Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Patterson-UTI 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-UTI 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.
Target PriceAdvice# of Analysts
10.84Buy11Odds
Patterson-UTI Energy current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Patterson-UTI analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Patterson-UTI stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Patterson-UTI Energy, talking to its executives and customers, or listening to Patterson-UTI conference calls.
Patterson-UTI Analyst Advice Details

Patterson-UTI Stock Analysis Indicators

Patterson-UTI Energy stock analysis indicators help investors evaluate how Patterson-UTI Energy 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 Energy shares will generate the highest return on investment. By understating and applying Patterson-UTI Energy stock analysis, traders can identify Patterson-UTI Energy position entry and exit signals to maximize returns.
Begin Period Cash Flow224915000.00
Logo U R LimglogosUSPTEN.png
Common Stock Shares Outstanding188013000.00
Total Stockholder Equity1609487000.00
DescriptionPatterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments Contract Dri
Total Cashflows From Investing Activities-131594000.00
Tax Provision-62702000.00
Property Plant And Equipment Net2351628000.00
Retained Earnings-198316000.00
Cash And Short Term Investments117524000.00
Retained Earnings Total Equity-198316000.00
Cash117524000.00
CodePTEN
Accounts Payable190219000.00
Net Debt759798000.00
50 Day M A15.7534
Total Current Liabilities435853000.00
Currency CodeUSD
Other Operating Expenses2024271000.00
Non Current Assets Total2374195000.00
Forward Price Earnings8.6207
Common Stock Total Equity2993000.00
Non Currrent Assets Other11055000.00
Please check Your Equity Center. Note that the Patterson-UTI Energy information on this page should be used as a complementary analysis to other Patterson-UTI Energy'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 CEO Directory module to screen CEOs from public companies around the world.

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When running Patterson-UTI Energy price analysis, check to measure Patterson-UTI Energy'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 Energy is operating at the current time. Most of Patterson-UTI Energy's value examination focuses on studying past and present price action to predict the probability of Patterson-UTI Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Patterson-UTI Energy's price. Additionally, you may evaluate how the addition of Patterson-UTI Energy to your portfolios can decrease your overall portfolio volatility.
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Is Patterson-UTI Energy'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 Energy. If investors know Patterson-UTI 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 Energy 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-UTI that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson-UTI Energy's value that differs from its market value or its book value, called intrinsic value, which is Patterson-UTI Energy'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 Energy's market value can be influenced by many factors that don't directly affect Patterson-UTI Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Patterson-UTI Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson-UTI Energy'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.