Patterson Free Cash Flow from 2010 to 2024
| PTEN Stock | USD 8.68 0.32 3.83% |
Free Cash Flow | First Reported 1994-03-31 | Previous Quarter 67 M | Current Value 115.7 M | Quarterly Volatility 60.9 M |
Check Patterson UTI financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Patterson UTI's main balance sheet or income statement drivers, such as Depreciation And Amortization of 768 M, Interest Expense of 55.5 M or Total Revenue of 4.4 B, as well as many indicators such as Price To Sales Ratio of 0.69, Dividend Yield of 0.0348 or PTB Ratio of 0.6. Patterson financial statements analysis is a perfect complement when working with Patterson UTI Valuation or Volatility modules.
Patterson | Free Cash Flow |
Latest Patterson UTI's Free Cash Flow Growth Pattern
Below is the plot of the Free Cash Flow of Patterson UTI Energy over the last few years. It is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Patterson UTI's Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Patterson UTI's overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow | 10 Years Trend |
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Free Cash Flow |
| Timeline |
Patterson Free Cash Flow Regression Statistics
| Arithmetic Mean | 92,972,813 | |
| Coefficient Of Variation | 241.82 | |
| Mean Deviation | 177,992,226 | |
| Median | 129,391,000 | |
| Standard Deviation | 224,823,175 | |
| Sample Variance | 50545.5T | |
| Range | 733.4M | |
| R-Value | 0.49 | |
| Mean Square Error | 41595.6T | |
| R-Squared | 0.24 | |
| Significance | 0.07 | |
| Slope | 24,414,101 | |
| Total Sum of Squares | 707636.4T |
Patterson Free Cash Flow History
Other Fundumenentals of Patterson UTI Energy
Patterson UTI Free Cash Flow component correlations
About Patterson UTI Financial Statements
Patterson UTI investors utilize fundamental indicators, such as Free Cash Flow, to predict how Patterson Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow | 390.2 M | 409.7 M | |
| Free Cash Flow Yield | 0.13 | 0.14 | |
| Free Cash Flow Per Share | 1.40 | 1.47 | |
| EV To Free Cash Flow | 10.69 | 10.16 | |
| Price To Free Cash Flows Ratio | 7.74 | 7.35 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.39 | 0.41 |
Pair Trading with Patterson UTI
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson UTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson UTI will appreciate offsetting losses from the drop in the long position's value.Moving together with Patterson Stock
| 0.66 | NE | Noble plc | PairCorr |
| 0.87 | PDS | Precision Drilling | PairCorr |
| 0.75 | RIG | Transocean Aggressive Push | PairCorr |
Moving against Patterson Stock
| 0.39 | SOC | Sable Offshore Corp Symbol Change | PairCorr |
The ability to find closely correlated positions to Patterson UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson UTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson UTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson UTI Energy to buy it.
The correlation of Patterson UTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson UTI Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Patterson UTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Patterson UTI Correlation against competitors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Energy Equipment & Services space 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 (0.93) | Dividend Share 0.32 | Earnings Share (2.20) | Revenue Per Share 14.352 | Quarterly Revenue Growth 0.342 |
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.