Is Patterson UTI Stock a Good Investment?
Patterson UTI Investment Advice | PTEN |
- Examine Patterson UTI's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Patterson UTI's leadership team and their track record. Good management can help Patterson UTI navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Energy Equipment & Services space and any emerging trends that could impact Patterson UTI's business and its evolving consumer preferences.
- Compare Patterson UTI's performance and market position to its competitors. Analyze how Patterson UTI is positioned in terms of product offerings, innovation, and market share.
- Check if Patterson UTI pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Patterson UTI's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Patterson UTI Energy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Patterson UTI Energy is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Very Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Patterson UTI Stock
Researching Patterson UTI's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.95. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Patterson UTI Energy has Price/Earnings To Growth (PEG) ratio of 0.78. The entity recorded a loss per share of 2.2. The firm last dividend was issued on the 2nd of December 2024. Patterson UTI had 2:1 split on the 1st of July 2004.
To determine if Patterson UTI is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Patterson UTI's research are outlined below:
| Patterson UTI Energy generated a negative expected return over the last 90 days | |
| Patterson UTI Energy has a very strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Patterson-UTI Up 4.9 percent Since Last Earnings Report Can It Continue |
Patterson UTI Quarterly Cost Of Revenue |
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Patterson UTI uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Patterson UTI Energy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Patterson UTI's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Patterson UTI's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Patterson UTI's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-07-26 | 2018-06-30 | -0.04 | -0.05 | -0.01 | 25 | ||
2002-04-24 | 2002-03-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2000-04-27 | 2000-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2002-07-18 | 2002-06-30 | -0.01 | -0.0244 | -0.0144 | 144 | ||
2024-05-01 | 2024-03-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2018-10-25 | 2018-09-30 | -0.12 | -0.1 | 0.02 | 16 | ||
2018-02-08 | 2017-12-31 | -0.08 | -0.1 | -0.02 | 25 | ||
2010-02-11 | 2009-12-31 | -0.08 | -0.06 | 0.02 | 25 |
Know Patterson UTI's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Patterson UTI is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Patterson UTI Energy backward and forwards among themselves. Patterson UTI's institutional investor refers to the entity that pools money to purchase Patterson UTI's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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 UTI's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.38 B.Market Cap |
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Patterson UTI's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.04 | |
| Return On Capital Employed | 0.06 | 0.07 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.05 | 0.05 |
Determining Patterson UTI's profitability involves analyzing its financial statements and using various financial metrics to determine if Patterson UTI is a good buy. For example, gross profit margin measures Patterson UTI's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Patterson UTI's profitability and make more informed investment decisions.
Evaluate Patterson UTI's management efficiency
Patterson UTI Energy has return on total asset (ROA) of 0.0281 % which means that it generated a profit of $0.0281 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2024) %, meaning that it created substantial loss on money invested by shareholders. Patterson UTI's management efficiency ratios could be used to measure how well Patterson UTI manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Patterson UTI's Return On Capital Employed is very stable compared to the past year. As of the 24th of November 2024, Return On Assets is likely to grow to 0.04, while Return On Tangible Assets are likely to drop 0.04. At this time, Patterson UTI's Intangibles To Total Assets are very stable compared to the past year. As of the 24th of November 2024, Fixed Asset Turnover is likely to grow to 1.36, while Other Current Assets are likely to drop about 41.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 17.25 | 18.11 | |
| Tangible Book Value Per Share | 8.55 | 6.86 | |
| Enterprise Value Over EBITDA | 3.54 | 3.36 | |
| Price Book Value Ratio | 0.63 | 0.60 | |
| Enterprise Value Multiple | 3.54 | 3.36 | |
| Price Fair Value | 0.63 | 0.60 | |
| Enterprise Value | 4 B | 4.3 B |
Patterson UTI Energy benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Dividend Yield 0.0369 | Forward Dividend Yield 0.0369 | Forward Dividend Rate 0.32 | Beta 2.132 |
Basic technical analysis of Patterson Stock
As of the 24th of November, Patterson UTI holds the Risk Adjusted Performance of 0.0052, variance of 7.7, and Coefficient Of Variation of (38,356). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patterson UTI, as well as the relationship between them.Patterson UTI's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Patterson UTI insiders, such as employees or executives, is commonly permitted as long as it does not rely on Patterson UTI's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Patterson UTI insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Patterson UTI's Outstanding Corporate Bonds
Patterson UTI issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Patterson UTI Energy uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Patterson bonds can be classified according to their maturity, which is the date when Patterson UTI Energy has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| Patterson UTI Energy 515 Corp BondUS703481AC52 | View | |
| PATTERSON UTI ENERGY INC Corp BondUS703481AB79 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Patterson UTI's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Patterson UTI's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0052 | |||
| Market Risk Adjusted Performance | 9.0E-4 | |||
| Mean Deviation | 2.2 | |||
| Coefficient Of Variation | (38,356) | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.7 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.53 | |||
| Skewness | 0.7273 | |||
| Kurtosis | 1.75 |
| Risk Adjusted Performance | 0.0052 | |||
| Market Risk Adjusted Performance | 9.0E-4 | |||
| Mean Deviation | 2.2 | |||
| Coefficient Of Variation | (38,356) | |||
| Standard Deviation | 2.77 | |||
| Variance | 7.7 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.53 | |||
| Skewness | 0.7273 | |||
| Kurtosis | 1.75 |
Consider Patterson UTI's intraday indicators
Patterson UTI intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Patterson UTI stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Patterson UTI Corporate Filings
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 28th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 20th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Patterson Stock media impact
Far too much social signal, news, headlines, and media speculation about Patterson UTI that are available to investors today. That information is available publicly through Patterson media outlets and privately through word of mouth or via Patterson internal channels. However, regardless of the origin, that massive amount of Patterson data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Patterson UTI news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Patterson UTI relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Patterson UTI's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Patterson UTI alpha.
Patterson UTI Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Patterson UTI can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Patterson UTI Energy Historical Investor Sentiment
Investor biases related to Patterson UTI's public news can be used to forecast risks associated with an investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson UTI Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Patterson UTI's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson UTI and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Patterson UTI news discussions. The higher the estimate score, the more favorable the investor's outlook on Patterson UTI.
Patterson UTI Corporate Management
| Seth JD | General VP | Profile | |
| Kenneth CPA | Executive Officer | Profile | |
| James Drickamer | VP Relations | Profile | |
| Michael Sabella | Vice Relations | Profile | |
| Seth Wexler | General Counsel, Secretary | Profile | |
| Matt Pye | Senior Affairs | Profile | |
| Kathryn Roark | Diversity Sustainability | Profile |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.
In summary, please note that there is a difference between Patterson UTI's value and its price, as these two are different measures arrived at by various 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.