Patterson Uti Energy Stock Total Asset

PTEN Stock  USD 8.36  0.23  2.83%   
Patterson UTI Energy fundamentals help investors to digest information that contributes to Patterson UTI's financial success or failures. It also enables traders to predict the movement of Patterson Stock. The fundamental analysis module provides a way to measure Patterson UTI's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Patterson UTI stock.
Last ReportedProjected for Next Year
Total Assets7.4 B7.8 B
Intangibles To Total Assets 0.33  0.34 
As of the 22nd of November 2024, Total Assets is likely to grow to about 7.8 B. Also, Intangibles To Total Assets is likely to grow to 0.34.
  
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Patterson UTI Energy Company Total Asset Analysis

Patterson UTI's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.

Total Asset

 = 

Tangible Assets

+

Intangible Assets

More About Total Asset | All Equity Analysis

Current Patterson UTI Total Asset

    
  7.42 B  
Most of Patterson UTI's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Patterson UTI Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Patterson Total Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Patterson UTI is extremely important. It helps to project a fair market value of Patterson Stock properly, considering its historical fundamentals such as Total Asset. Since Patterson UTI's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Patterson UTI's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Patterson UTI's interrelated accounts and indicators.
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Click cells to compare fundamentals

Patterson Total Asset Historical Pattern

Today, most investors in Patterson UTI Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Patterson UTI's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Patterson UTI total asset as a starting point in their analysis.
   Patterson UTI Total Asset   
       Timeline  
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Competition

Patterson Total Assets

Total Assets

7.79 Billion

At this time, Patterson UTI's Total Assets are very stable compared to the past year.
Based on the latest financial disclosure, Patterson UTI Energy has a Total Asset of 7.42 B. This is 79.11% lower than that of the Energy Equipment & Services sector and 16.74% lower than that of the Energy industry. The total asset for all United States stocks is 74.82% higher than that of the company.

Patterson Total Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Patterson UTI's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Patterson UTI could also be used in its relative valuation, which is a method of valuing Patterson UTI by comparing valuation metrics of similar companies.
Patterson UTI is currently under evaluation in total asset category among its peers.

Patterson UTI ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Patterson UTI's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Patterson UTI's managers, analysts, and investors.
Environmental
Governance
Social

Patterson UTI Institutional Holders

Institutional Holdings refers to the ownership stake in Patterson UTI that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Patterson UTI's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Patterson UTI's value.
Shares
Bank Of America Corp2024-06-30
7.7 M
Point72 Asset Management, L.p.2024-06-30
7.5 M
Van Eck Associates Corporation2024-06-30
7.1 M
Allspring Global Investments Holdings, Llc2024-06-30
6.4 M
Deprince Race & Zollo Inc2024-06-30
6.1 M
1832 Asset Management L.p2024-09-30
5.4 M
Charles Schwab Investment Management Inc2024-09-30
5.4 M
Fisher Asset Management, Llc2024-09-30
5.3 M
Principal Financial Group Inc2024-09-30
5.2 M
Blackrock Inc2024-06-30
57.4 M
Vanguard Group Inc2024-09-30
46.2 M

Patterson Fundamentals

About Patterson UTI Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Patterson UTI Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patterson UTI using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patterson UTI Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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

  0.67NE Noble plcPairCorr
  0.88PDS Precision DrillingPairCorr
  0.78RIG TransoceanPairCorr

Moving against Patterson Stock

  0.48SOC Sable Offshore Corp Symbol ChangePairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:
Check out Patterson UTI Piotroski F Score and Patterson UTI Altman Z Score analysis.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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
(2.21)
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.