Patten Energy Solutions Stock Price To Earning
Patten Energy Solutions fundamentals help investors to digest information that contributes to Patten Energy's financial success or failures. It also enables traders to predict the movement of Patten Stock. The fundamental analysis module provides a way to measure Patten Energy'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 Patten Energy stock.
Patten | Price To Earning |
Patten Energy Solutions Company Price To Earning Analysis
Patten Energy's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Patten Energy Price To Earning | (0.08) X |
Most of Patten Energy's fundamental indicators, such as Price To Earning, 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, Patten Energy Solutions is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Patten Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for Patten Energy is extremely important. It helps to project a fair market value of Patten Stock properly, considering its historical fundamentals such as Price To Earning. Since Patten Energy'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 Patten Energy'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 Patten Energy's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Patten Retained Earnings
Retained Earnings |
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Based on the latest financial disclosure, Patten Energy Solutions has a Price To Earning of -0.08 times. This is 100.23% lower than that of the Energy sector and significantly lower than that of the Oil, Gas & Consumable Fuels industry. The price to earning for all United States stocks is 100.28% higher than that of the company.
Patten Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Patten Energy's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Patten Energy could also be used in its relative valuation, which is a method of valuing Patten Energy by comparing valuation metrics of similar companies.Patten Energy is currently under evaluation in price to earning category among its peers.
Patten Fundamentals
| Return On Equity | -5.77 | ||||
| Return On Asset | -1.31 | ||||
| Current Valuation | 272.8 K | ||||
| Shares Outstanding | 2.73 B | ||||
| Price To Earning | (0.08) X | ||||
| Price To Book | 1.61 X | ||||
| Revenue | 5.66 M | ||||
| EBITDA | (531.11 K) | ||||
| Net Income | (2.32 M) | ||||
| Cash And Equivalents | 76 | ||||
| Total Debt | 2.67 M | ||||
| Current Ratio | 0.08 X | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (143.38 K) | ||||
| Target Price | 5.1 | ||||
| Beta | -16.59 | ||||
| Market Capitalization | 27.28 K | ||||
| Total Asset | 675.99 K | ||||
| Retained Earnings | (17.41 M) | ||||
| Working Capital | (2.78 M) | ||||
| Current Asset | 388 K | ||||
| Current Liabilities | 3.17 M | ||||
| Net Asset | 675.99 K |
About Patten Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Patten Energy Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patten Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patten Energy Solutions 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 Patten Energy
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 Patten Energy 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 Patten Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Patten Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patten Energy 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 Patten Energy - 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 Patten Energy Solutions to buy it.
The correlation of Patten Energy 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 Patten Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patten Energy Solutions 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 Patten Energy 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 Patten Energy Piotroski F Score and Patten Energy Altman Z Score analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Oil & Gas Refining & Marketing 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 Patten Energy. If investors know Patten 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 Patten Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.31) | Return On Equity (5.77) |
The market value of Patten Energy Solutions is measured differently than its book value, which is the value of Patten that is recorded on the company's balance sheet. Investors also form their own opinion of Patten Energy's value that differs from its market value or its book value, called intrinsic value, which is Patten Energy'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 Patten Energy's market value can be influenced by many factors that don't directly affect Patten Energy'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 Patten Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patten Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patten Energy'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.