Patterson Operating Cycle from 2010 to 2026
| PTEN Stock | USD 7.92 0.18 2.22% |
Operating Cycle | First Reported 2010-12-31 | Previous Quarter 67.42262619 | Current Value 95.47 | Quarterly Volatility 17.83631303 |
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 987.3 M, Interest Expense of 74 M or Total Revenue of 5.1 B, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.0549 or PTB Ratio of 0.69. Patterson financial statements analysis is a perfect complement when working with Patterson UTI Valuation or Volatility modules.
Patterson | Operating Cycle | Build AI portfolio with Patterson Stock |
Evaluating Patterson UTI's Operating Cycle across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Patterson UTI Energy's fundamental strength.
Latest Patterson UTI's Operating Cycle Growth Pattern
Below is the plot of the Operating Cycle of Patterson UTI Energy over the last few years. It is Patterson UTI's Operating Cycle 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.
| Operating Cycle | 10 Years Trend |
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Operating Cycle |
| Timeline |
Patterson Operating Cycle Regression Statistics
| Arithmetic Mean | 77.73 | |
| Geometric Mean | 75.85 | |
| Coefficient Of Variation | 22.95 | |
| Mean Deviation | 15.31 | |
| Median | 68.97 | |
| Standard Deviation | 17.84 | |
| Sample Variance | 318.13 | |
| Range | 57.7993 | |
| R-Value | 0.28 | |
| Mean Square Error | 313.28 | |
| R-Squared | 0.08 | |
| Significance | 0.28 | |
| Slope | 0.98 | |
| Total Sum of Squares | 5,090 |
Patterson Operating Cycle History
About Patterson UTI Financial Statements
Patterson UTI investors utilize fundamental indicators, such as Operating Cycle, 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 | ||
| Operating Cycle | 67.42 | 95.47 |
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
| 0.96 | HP | Helmerich and Payne | PairCorr |
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| 0.82 | OD3 | ODFJELL DRILLLTD Earnings Call This Week | PairCorr |
| 0.96 | NBR | Nabors Industries | PairCorr |
| 0.93 | PDS | Precision Drilling | 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Will Energy Equipment & Services sector continue expanding? Could Patterson diversify its offerings? Factors like these will boost the valuation of Patterson UTI. Anticipated expansion of Patterson directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Patterson UTI data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.98) | Dividend Share 0.32 | Earnings Share (0.24) | Revenue Per Share | Quarterly Revenue Growth (0.01) |
Investors evaluate Patterson UTI Energy using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Patterson UTI's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Patterson UTI's market price to deviate significantly from intrinsic value.
It's important to distinguish between Patterson UTI's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Patterson UTI should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Patterson UTI's market price signifies the transaction level at which participants voluntarily complete trades.