Patterson Uti Energy Stock Price on November 5, 2024
| PTEN Stock | USD 8.46 0.12 1.44% |
Below is the normalized historical share price chart for Patterson UTI Energy extending back to November 02, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Patterson UTI stands at 8.46, as last reported on the 28th of November, with the highest price reaching 8.65 and the lowest price hitting 8.37 during the day.
If you're considering investing in Patterson Stock, it is important to understand the factors that can impact its price. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0296, which implies the firm had a -0.0296% return per unit of risk over the last 3 months. Patterson UTI Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Patterson UTI's Coefficient Of Variation of (3,476), risk adjusted performance of (0.01), and Variance of 7.68 to confirm the risk estimate we provide.
At this time, Patterson UTI's Total Stockholder Equity is very stable compared to the past year. As of the 28th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 7.8 B, while Common Stock Shares Outstanding is likely to drop about 153.1 M. . As of the 28th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.58, while Price To Sales Ratio is likely to drop 0.69. Patterson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of November 1993 | 200 Day MA 9.9317 | 50 Day MA 8.1148 | Beta 2.132 |
Patterson |
Sharpe Ratio = -0.0296
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| Negative Returns | PTEN |
Estimated Market Risk
| 2.8 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Patterson UTI is not performing at its full potential. However, 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 Patterson UTI to a well-diversified portfolio.
Price Book 0.913 | Enterprise Value Ebitda 9.7877 | Price Sales 0.5688 | Shares Float 352.8 M | Dividend Share 0.32 |
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The
Patterson UTI Valuation on November 5, 2024
It is possible to determine the worth of Patterson UTI on a given historical date. On November 5, 2024 Patterson was worth 7.61 at the beginning of the trading date compared to the closed value of 7.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patterson UTI stock. Still, in general, we apply an absolute valuation method to find Patterson UTI's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Patterson UTI where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patterson UTI's related companies.
| Open | High | Low | Close | Volume | |
| 7.51 | 7.79 | 7.45 | 7.61 | 11,018,688 | |
11/05/2024 | 7.61 | 7.74 | 7.55 | 7.69 | 9,131,328 |
| 8.20 | 8.57 | 8.08 | 8.50 | 17,642,624 |
| Backtest Patterson UTI | | | Patterson UTI History | | | Patterson UTI Valuation | Previous | Next |
Patterson UTI Trading Date Momentum on November 5, 2024
| On November 06 2024 Patterson UTI Energy was traded for 8.50 at the closing time. The top price for the day was 8.57 and the lowest listed price was 8.08 . The trading volume for the day was 17.6 M. The trading history from November 6, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 10.53% . The trading delta at closing time against the current closing price is 7.93% . |
Patterson UTI Energy Fundamentals Correlations and Trends
By evaluating Patterson UTI's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Patterson UTI's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patterson financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Patterson UTI Stock history
Patterson UTI investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Patterson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patterson UTI Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Patterson UTI stock prices may prove useful in developing a viable investing in Patterson UTI
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 280.1 M | 153.1 M | |
| Net Income Applicable To Common Shares | 139.2 M | 146.2 M |
Patterson UTI Quarterly Net Working Capital |
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Patterson UTI Stock Technical Analysis
Patterson UTI technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Patterson UTI Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Patterson UTI Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Patterson UTI November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Patterson UTI 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 shares will generate the highest return on investment. By undertsting and applying Patterson UTI stock market strength indicators, traders can identify Patterson UTI Energy entry and exit signals to maximize returns
Patterson UTI Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Patterson UTI's price direction in advance. Along with the technical and fundamental analysis of Patterson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patterson to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.05) |
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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 closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.