Patterson Uti Energy Stock Z Score

PTEN Stock

USD 8.62 0.06 0.69%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Patterson UTI Piotroski F Score and Patterson UTI Valuation analysis.

At this time, Patterson UTI's Capital Lease Obligations is very stable compared to the past year. As of the 25th of November 2024, Total Debt To Capitalization is likely to grow to 0.26, while Capital Surpluse is likely to drop about 2 B. At this time, Patterson UTI's EBIT is very stable compared to the past year. As of the 25th of November 2024, EBITDA is likely to grow to about 1.2 B, while Total Operating Expenses is likely to drop about 133.2 M.

Patterson UTI Energy Company Z Score Analysis

Patterson UTI's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Patterson Z Score 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 Z Score. 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Debt Total	Current Deferred Revenue	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.86	0.18	0.86	0.86	0.95	0.89	0.2	0.69	0.76	0.66	0.81	-0.46	0.59	0.17	0.25	-0.06	0.55	0.23	0.1	0.24	0.55	0.53
Total Stockholder Equity	0.99		0.84	0.12	0.86	0.84	0.88	0.87	0.27	0.72	0.78	0.63	0.86	-0.43	0.53	0.19	0.31	-0.15	0.55	0.22	0.17	0.26	0.58	0.55
Net Debt	0.86	0.84		-0.14	0.82	0.79	0.84	0.82	0.09	0.65	0.86	0.82	0.71	-0.74	0.44	-0.06	0.56	-0.39	0.8	0.45	0.0	-0.12	0.53	0.55
Retained Earnings	0.18	0.12	-0.14		-0.15	-0.11	0.29	-0.14	0.21	-0.45	-0.47	0.02	-0.28	0.33	0.78	0.77	-0.62	0.88	-0.15	-0.71	0.27	0.55	-0.28	-0.5
Accounts Payable	0.86	0.86	0.82	-0.15		0.98	0.81	0.95	0.1	0.8	0.82	0.53	0.86	-0.4	0.22	-0.09	0.36	-0.28	0.5	0.51	-0.01	0.11	0.6	0.68
Net Receivables	0.86	0.84	0.79	-0.11	0.98		0.83	0.97	-0.01	0.77	0.8	0.53	0.82	-0.4	0.25	-0.08	0.32	-0.22	0.48	0.54	-0.11	0.11	0.6	0.66
Total Liab	0.95	0.88	0.84	0.29	0.81	0.83		0.85	0.04	0.57	0.67	0.67	0.64	-0.48	0.65	0.13	0.13	0.11	0.52	0.23	-0.04	0.2	0.44	0.45
Total Current Assets	0.89	0.87	0.82	-0.14	0.95	0.97	0.85		-0.09	0.8	0.86	0.59	0.83	-0.5	0.26	-0.12	0.38	-0.28	0.54	0.54	-0.2	0.05	0.66	0.68
Short Term Debt	0.2	0.27	0.09	0.21	0.1	-0.01	0.04	-0.09		0.0	0.04	0.02	0.17	0.05	0.32	0.38	0.07	0.03	-0.07	-0.15	0.99	0.25	-0.11	-0.04
Intangible Assets	0.69	0.72	0.65	-0.45	0.8	0.77	0.57	0.8	0.0		0.86	0.27	0.95	-0.29	-0.17	-0.43	0.33	-0.45	0.29	0.56	-0.14	0.11	0.62	0.85
Common Stock	0.76	0.78	0.86	-0.47	0.82	0.8	0.67	0.86	0.04	0.86		0.61	0.84	-0.72	0.06	-0.4	0.65	-0.63	0.57	0.69	-0.08	-0.22	0.61	0.77
Long Term Debt	0.66	0.63	0.82	0.02	0.53	0.53	0.67	0.59	0.02	0.27	0.61		0.37	-0.79	0.58	0.09	0.68	-0.3	0.88	0.31	-0.03	-0.03	0.53	0.42
Good Will	0.81	0.86	0.71	-0.28	0.86	0.82	0.64	0.83	0.17	0.95	0.84	0.37		-0.28	0.03	-0.16	0.36	-0.4	0.4	0.42	0.04	0.22	0.66	0.76
Treasury Stock	-0.46	-0.43	-0.74	0.33	-0.4	-0.4	-0.48	-0.5	0.05	-0.29	-0.72	-0.79	-0.28		-0.27	0.29	-0.77	0.58	-0.71	-0.55	0.1	0.54	-0.31	-0.36
Property Plant Equipment	0.59	0.53	0.44	0.78	0.22	0.25	0.65	0.26	0.32	-0.17	0.06	0.58	0.03	-0.27		0.7	-0.07	0.46	0.4	-0.38	0.33	0.27	0.02	-0.23
Net Tangible Assets	0.17	0.19	-0.06	0.77	-0.09	-0.08	0.13	-0.12	0.38	-0.43	-0.4	0.09	-0.16	0.29	0.7		-0.29	0.51	0.15	-0.72	0.44	0.38	-0.12	-0.58
Capital Surpluse	0.25	0.31	0.56	-0.62	0.36	0.32	0.13	0.38	0.07	0.33	0.65	0.68	0.36	-0.77	-0.07	-0.29		-0.86	0.69	0.61	0.02	-0.4	0.5	0.5
Deferred Long Term Liab	-0.06	-0.15	-0.39	0.88	-0.28	-0.22	0.11	-0.28	0.03	-0.45	-0.63	-0.3	-0.4	0.58	0.46	0.51	-0.86		-0.46	-0.63	0.09	0.56	-0.41	-0.47
Long Term Debt Total	0.55	0.55	0.8	-0.15	0.5	0.48	0.52	0.54	-0.07	0.29	0.57	0.88	0.4	-0.71	0.4	0.15	0.69	-0.46		0.24	-0.11	-0.21	0.55	0.28
Current Deferred Revenue	0.23	0.22	0.45	-0.71	0.51	0.54	0.23	0.54	-0.15	0.56	0.69	0.31	0.42	-0.55	-0.38	-0.72	0.61	-0.63	0.24		-0.23	-0.34	0.45	0.73
Short Long Term Debt	0.1	0.17	0.0	0.27	-0.01	-0.11	-0.04	-0.2	0.99	-0.14	-0.08	-0.03	0.04	0.1	0.33	0.44	0.02	0.09	-0.11	-0.23		0.22	-0.2	-0.17
Net Invested Capital	0.24	0.26	-0.12	0.55	0.11	0.11	0.2	0.05	0.25	0.11	-0.22	-0.03	0.22	0.54	0.27	0.38	-0.4	0.56	-0.21	-0.34	0.22		0.25	0.22
Net Working Capital	0.55	0.58	0.53	-0.28	0.6	0.6	0.44	0.66	-0.11	0.62	0.61	0.53	0.66	-0.31	0.02	-0.12	0.5	-0.41	0.55	0.45	-0.2	0.25		0.66
Capital Stock	0.53	0.55	0.55	-0.5	0.68	0.66	0.45	0.68	-0.04	0.85	0.77	0.42	0.76	-0.36	-0.23	-0.58	0.5	-0.47	0.28	0.73	-0.17	0.22	0.66

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Patterson UTI

Based on the company's disclosures, Patterson UTI Energy has a Z Score of 0.0. This is 100.0% lower than that of the Energy Equipment & Services sector and 100.0% lower than that of the Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.

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
Van Eck Associates Corporation	2024-06-30	7.1 M
Deprince Race & Zollo Inc	2024-09-30	6.9 M
Allspring Global Investments Holdings, Llc	2024-06-30	6.4 M
1832 Asset Management L.p	2024-09-30	5.4 M
Charles Schwab Investment Management Inc	2024-09-30	5.4 M
Fisher Asset Management, Llc	2024-09-30	5.3 M
Principal Financial Group Inc	2024-09-30	5.2 M
Norges Bank	2024-06-30	4.8 M
Amvescap Plc.	2024-06-30	4.8 M
Blackrock Inc	2024-06-30	57.4 M
Vanguard Group Inc	2024-09-30	46.2 M

Patterson Fundamentals

	Return On Equity	-0.2
	Return On Asset	0.0281
	Profit Margin	(0.15) %
	Operating Margin	0.01 %
	Current Valuation	4.58 B
	Shares Outstanding	389.96 M
	Shares Owned By Insiders	2.53 %
	Shares Owned By Institutions	97.47 %
	Number Of Shares Shorted	27.33 M
	Price To Earning	37.63 X
	Price To Book	0.95 X
	Price To Sales	0.58 X
	Revenue	4.15 B
	Gross Profit	801.04 M
	EBITDA	1.18 B
	Net Income	246.29 M
	Cash And Equivalents	42.73 M
	Cash Per Share	0.20 X
	Total Debt	1.35 B
	Debt To Equity	0.54 %
	Current Ratio	1.55 X
	Book Value Per Share	9.13 X
	Cash Flow From Operations	1.01 B
	Short Ratio	2.94 X
	Earnings Per Share	(2.20) X
	Price To Earnings To Growth	0.78 X
	Target Price	10.91
	Number Of Employees	10.6 K
	Beta	2.13
	Market Capitalization	3.38 B
	Total Asset	7.42 B
	Retained Earnings	57.03 M
	Working Capital	435.26 M
	Current Asset	486.54 M
	Current Liabilities	316.62 M
	Annual Yield	0.04 %
	Five Year Return	1.53 %
	Net Asset	7.42 B
	Last Dividend Paid	0.32

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

0.66	NE	Noble plc	Pair Corr
0.87	PDS	Precision Drilling	Pair Corr
0.75	RIG	Transocean Aggressive Push	Pair Corr

Moving against Patterson Stock

0.39

SOC

Sable Offshore Corp Symbol Change

Pair Corr

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 Correlation Correlation 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:

How To Invest In Patterson

Details

Is Patterson Stock a good investment?

Details

What is Patterson UTI's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

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Check out Patterson UTI Piotroski F Score and Patterson UTI Valuation analysis.

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Patterson Uti Energy Stock Z Score

Patterson UTI Energy Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Patterson Z Score Driver Correlations

Patterson UTI ESG Sustainability

Patterson UTI Institutional Holders

Patterson Fundamentals

About Patterson UTI Fundamental Analysis

Pair Trading with Patterson UTI

Moving together with Patterson Stock

Moving against Patterson Stock

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