Patterson UTI Net Worth
Patterson UTI Net Worth Breakdown | PTEN |
Patterson UTI Net Worth Analysis
Patterson UTI's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Patterson UTI's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Patterson UTI's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Patterson UTI's net worth analysis. One common approach is to calculate Patterson UTI's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Patterson UTI's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Patterson UTI's net worth. This approach calculates the present value of Patterson UTI's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Patterson UTI's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Patterson UTI's net worth. This involves comparing Patterson UTI's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Patterson UTI's net worth relative to its peers.
Enterprise Value |
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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 net worth research are outlined below:
| Patterson UTI Energy has a strong financial position based on the latest SEC filings | |
| Over 97.0% of the company shares are owned by institutional investors | |
| On 16th of December 2024 Patterson UTI paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from cnbc.com: These stocks offer high dividend growth and have the cash flows to back it up, Wolfe says |
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 |
Patterson UTI Target Price Consensus
Patterson target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Patterson UTI's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 17 | Strong Buy |
Most Patterson analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Patterson stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Patterson UTI Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationPatterson UTI Target Price Projection
Patterson UTI's current and average target prices are 9.29 and 10.73, respectively. The current price of Patterson UTI is the price at which Patterson UTI Energy is currently trading. On the other hand, Patterson UTI's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Patterson UTI Market Quote on 19th of January 2025
Target Price
Analyst Consensus On Patterson UTI Target Price
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 | Allspring Global Investments Holdings, Llc | 2024-09-30 | 5.7 M | Van Eck Associates Corporation | 2024-09-30 | 5.6 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 5.5 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 | Amvescap Plc. | 2024-09-30 | 4.9 M | Norges Bank | 2024-06-30 | 4.8 M | Blackrock Inc | 2024-09-30 | 61.3 M | Vanguard Group Inc | 2024-09-30 | 46.2 M |
Follow Patterson UTI's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.62 B.Market Cap |
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Project Patterson UTI's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.04 | |
| Return On Capital Employed | 0.06 | 0.07 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.06 | 0.05 |
When accessing Patterson UTI's net worth, it's important to look at multiple sources and consider different scenarios. 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. As of the 19th of January 2025, Return On Capital Employed is likely to grow to 0.07, while Return On Tangible Assets are likely to drop 0.04. At this time, Patterson UTI's Net Tangible Assets are very stable compared to the past year. As of the 19th of January 2025, Intangibles To Total Assets is likely to grow to 0.40, though Other Assets are likely to grow to (1.3 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.52 | 16.30 | |
| Tangible Book Value Per Share | 7.69 | 6.86 | |
| Enterprise Value Over EBITDA | 4.40 | 8.58 | |
| Price Book Value Ratio | 0.72 | 0.69 | |
| Enterprise Value Multiple | 4.40 | 8.58 | |
| Price Fair Value | 0.72 | 0.69 | |
| 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.
Enterprise Value Revenue 0.8421 | Revenue | Quarterly Revenue Growth 0.342 | Revenue Per Share | Return On Equity |
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 Corporate Filings
8K | 7th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 3rd of January 2025 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 |
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 |
Patterson UTI Earnings Estimation Breakdown
The calculation of Patterson UTI's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Patterson UTI is estimated to be 0.0029 with the future projection ranging from a low of 0.02 to a high of 0.04. Please be aware that this consensus of annual earnings estimates for Patterson UTI Energy is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.02 Lowest | Expected EPS | 0.04 Highest |
Patterson UTI Earnings Projection Consensus
Suppose the current estimates of Patterson UTI's value are higher than the current market price of the Patterson UTI stock. In this case, investors may conclude that Patterson UTI is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Patterson UTI's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2024 | Current EPS (TTM) | |
| 17 | 63.83% | 0.03 | 0.0029 | -2.2 |
Patterson UTI Earnings per Share Projection vs Actual
Actual Earning per Share of Patterson UTI refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Patterson UTI Energy predict the company's earnings will be in the future. The higher the earnings per share of Patterson UTI, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Patterson UTI Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Patterson UTI, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Patterson UTI should always be considered in relation to other companies to make a more educated investment decision.Patterson Quarterly Analyst Estimates and Surprise Metrics
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.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-10-23 | 2024-09-30 | 0.03 | -2.5 | -2.53 | 8433 | ||
2024-07-24 | 2024-06-30 | 0.15 | 0.03 | -0.12 | 80 | ||
2024-05-01 | 2024-03-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2024-02-14 | 2023-12-31 | 0.19 | 0.15 | -0.04 | 21 | ||
2023-11-07 | 2023-09-30 | 0.25 | 0.2 | -0.05 | 20 | ||
2023-07-26 | 2023-06-30 | 0.44 | 0.45 | 0.01 | 2 | ||
2023-04-26 | 2023-03-31 | 0.35 | 0.46 | 0.11 | 31 | ||
2023-02-08 | 2022-12-31 | 0.42 | 0.46 | 0.04 | 9 | ||
2022-10-26 | 2022-09-30 | 0.18 | 0.28 | 0.1 | 55 | ||
2022-07-27 | 2022-06-30 | -0.04 | 0.1 | 0.14 | 350 | ||
2022-04-27 | 2022-03-31 | -0.21 | -0.13 | 0.08 | 38 | ||
2022-02-10 | 2021-12-31 | -0.35 | -0.38 | -0.03 | 8 | ||
2021-10-28 | 2021-09-30 | -0.44 | -0.43 | 0.01 | 2 | ||
2021-07-29 | 2021-06-30 | -0.52 | -0.54 | -0.02 | 3 | ||
2021-04-29 | 2021-03-31 | -0.56 | -0.57 | -0.01 | 1 | ||
2021-02-04 | 2020-12-31 | -0.62 | -0.57 | 0.05 | 8 | ||
2020-10-22 | 2020-09-30 | -0.62 | -0.6 | 0.02 | 3 | ||
2020-07-23 | 2020-06-30 | -0.59 | -0.54 | 0.05 | 8 | ||
2020-04-23 | 2020-03-31 | -0.47 | -0.44 | 0.03 | 6 | ||
2020-02-06 | 2019-12-31 | -0.42 | -0.43 | -0.01 | 2 | ||
2019-10-24 | 2019-09-30 | -0.3 | -0.27 | 0.03 | 10 | ||
2019-07-25 | 2019-06-30 | -0.21 | -0.17 | 0.04 | 19 | ||
2019-04-25 | 2019-03-31 | -0.21 | -0.14 | 0.07 | 33 | ||
2019-02-07 | 2018-12-31 | -0.14 | -0.04 | 0.1 | 71 | ||
2018-10-25 | 2018-09-30 | -0.12 | -0.1 | 0.02 | 16 | ||
2018-07-26 | 2018-06-30 | -0.04 | -0.05 | -0.01 | 25 | ||
2018-04-26 | 2018-03-31 | -0.09 | -0.16 | -0.07 | 77 | ||
2018-02-08 | 2017-12-31 | -0.08 | -0.1 | -0.02 | 25 | ||
2017-10-26 | 2017-09-30 | -0.18 | -0.13 | 0.05 | 27 | ||
2017-07-27 | 2017-06-30 | -0.3 | -0.21 | 0.09 | 30 | ||
2017-04-27 | 2017-03-31 | -0.43 | -0.42 | 0.01 | 2 | ||
2017-02-09 | 2016-12-31 | -0.54 | -0.53 | 0.01 | 1 | ||
2016-10-27 | 2016-09-30 | -0.6 | -0.57 | 0.03 | 5 | ||
2016-07-28 | 2016-06-30 | -0.63 | -0.56 | 0.07 | 11 | ||
2016-04-28 | 2016-03-31 | -0.54 | -0.55 | -0.01 | 1 | ||
2016-02-04 | 2015-12-31 | -0.48 | -0.4 | 0.08 | 16 | ||
2015-10-22 | 2015-09-30 | -0.34 | -0.26 | 0.08 | 23 | ||
2015-07-23 | 2015-06-30 | -0.27 | -0.13 | 0.14 | 51 | ||
2015-04-23 | 2015-03-31 | 0.03 | 0.06 | 0.03 | 100 | ||
2015-02-05 | 2014-12-31 | 0.49 | 0.46 | -0.03 | 6 | ||
2014-10-23 | 2014-09-30 | 0.47 | 0.47 | 0.0 | 0 | ||
2014-07-24 | 2014-06-30 | 0.32 | 0.37 | 0.05 | 15 | ||
2014-04-24 | 2014-03-31 | 0.24 | 0.24 | 0.0 | 0 | ||
2014-02-06 | 2013-12-31 | 0.22 | 0.28 | 0.06 | 27 | ||
2013-10-24 | 2013-09-30 | 0.31 | 0.25 | -0.06 | 19 | ||
2013-07-25 | 2013-06-30 | 0.3 | 0.28 | -0.02 | 6 | ||
2013-04-25 | 2013-03-31 | 0.36 | 0.39 | 0.03 | 8 | ||
2013-02-07 | 2012-12-31 | 0.29 | 0.4 | 0.11 | 37 | ||
2012-10-25 | 2012-09-30 | 0.38 | 0.39 | 0.01 | 2 | ||
2012-07-26 | 2012-06-30 | 0.44 | 0.49 | 0.05 | 11 | ||
2012-04-26 | 2012-03-31 | 0.57 | 0.63 | 0.06 | 10 | ||
2012-02-02 | 2011-12-31 | 0.63 | 0.61 | -0.02 | 3 | ||
2011-10-27 | 2011-09-30 | 0.56 | 0.55 | -0.01 | 1 | ||
2011-07-28 | 2011-06-30 | 0.49 | 0.52 | 0.03 | 6 | ||
2011-04-28 | 2011-03-31 | 0.44 | 0.46 | 0.02 | 4 | ||
2011-02-03 | 2010-12-31 | 0.33 | 0.37 | 0.04 | 12 | ||
2010-10-28 | 2010-09-30 | 0.18 | 0.21 | 0.03 | 16 | ||
2010-07-29 | 2010-06-30 | 0.06 | 0.11 | 0.05 | 83 | ||
2010-02-11 | 2009-12-31 | -0.08 | -0.06 | 0.02 | 25 | ||
2009-10-29 | 2009-09-30 | -0.16 | -0.12 | 0.04 | 25 | ||
2009-07-30 | 2009-06-30 | -0.12 | -0.12 | 0.0 | 0 | ||
2009-04-30 | 2009-03-31 | 0.14 | 0.11 | -0.03 | 21 | ||
2009-02-12 | 2008-12-31 | 0.55 | 0.64 | 0.09 | 16 | ||
2008-10-30 | 2008-09-30 | 0.62 | 0.7 | 0.08 | 12 | ||
2008-07-31 | 2008-06-30 | 0.51 | 0.52 | 0.01 | 1 | ||
2008-05-01 | 2008-03-31 | 0.5 | 0.5 | 0.0 | 0 | ||
2008-02-14 | 2007-12-31 | 0.51 | 0.55 | 0.04 | 7 | ||
2007-11-01 | 2007-09-30 | 0.55 | 0.62 | 0.07 | 12 | ||
2007-08-02 | 2007-06-30 | 0.54 | 0.64 | 0.1 | 18 | ||
2007-05-03 | 2007-03-31 | 0.71 | 0.73 | 0.02 | 2 | ||
2007-02-22 | 2006-12-31 | 1.03 | 0.97 | -0.06 | 5 | ||
2006-11-01 | 2006-09-30 | 1.08 | 1.12 | 0.04 | 3 | ||
2006-08-03 | 2006-06-30 | 0.95 | 1.0 | 0.05 | 5 | ||
2006-05-03 | 2006-03-31 | 0.84 | 0.91 | 0.07 | 8 | ||
2006-03-30 | 2005-12-31 | 0.73 | 0.77 | 0.04 | 5 | ||
2005-10-27 | 2005-09-30 | 0.56 | 0.63 | 0.07 | 12 | ||
2005-07-28 | 2005-06-30 | 0.41 | 0.45 | 0.04 | 9 | ||
2005-04-28 | 2005-03-31 | 0.31 | 0.35 | 0.04 | 12 | ||
2005-02-16 | 2004-12-31 | 0.22 | 0.23 | 0.01 | 4 | ||
2004-10-28 | 2004-09-30 | 0.17 | 0.18 | 0.01 | 5 | ||
2004-07-29 | 2004-06-30 | 0.14 | 0.12 | -0.02 | 14 | ||
2004-04-29 | 2004-03-31 | 0.13 | 0.12 | -0.01 | 7 | ||
2004-01-29 | 2003-12-31 | 0.12 | 0.13 | 0.01 | 8 | ||
2003-10-29 | 2003-09-30 | 0.09 | 0.11 | 0.02 | 22 | ||
2003-07-23 | 2003-06-30 | 0.04 | 0.08 | 0.04 | 100 | ||
2003-04-30 | 2003-03-31 | 0.03 | 0.03 | 0.0 | 0 | ||
2002-07-18 | 2002-06-30 | -0.01 | -0.0244 | -0.0144 | 144 | ||
2002-04-24 | 2002-03-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2002-01-31 | 2001-12-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2001-10-23 | 2001-09-30 | 0.32 | 0.39 | 0.07 | 21 | ||
2001-07-24 | 2001-06-30 | 0.26 | 0.36 | 0.1 | 38 | ||
2001-04-19 | 2001-03-31 | 0.21 | 0.26 | 0.05 | 23 | ||
2001-02-22 | 2000-12-31 | 0.11 | 0.16 | 0.05 | 45 | ||
2000-10-26 | 2000-09-30 | 0.07 | 0.1 | 0.03 | 42 | ||
2000-07-27 | 2000-06-30 | 0.03 | 0.06 | 0.03 | 100 | ||
2000-04-27 | 2000-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2000-02-24 | 1999-12-31 | -0.02 | 0.01 | 0.03 | 150 | ||
1999-10-28 | 1999-09-30 | -0.04 | -0.04 | 0.0 | 0 | ||
1999-07-29 | 1999-06-30 | -0.05 | -0.05 | 0.0 | 0 | ||
1999-04-30 | 1999-03-31 | -0.08 | -0.06 | 0.02 | 25 | ||
1999-03-01 | 1998-12-31 | -0.04 | -0.06 | -0.02 | 50 | ||
1998-10-29 | 1998-09-30 | -0.01 | -0.01 | 0.0 | 0 | ||
1998-07-30 | 1998-06-30 | 0.03 | 0.03 | 0.0 | 0 | ||
1998-04-30 | 1998-03-31 | 0.07 | 0.07 | 0.0 | 0 | ||
1998-03-03 | 1997-12-31 | 0.12 | 0.14 | 0.02 | 16 | ||
1997-10-29 | 1997-09-30 | 0.08 | 0.12 | 0.04 | 50 | ||
1997-07-24 | 1997-06-30 | 0.04 | 0.07 | 0.03 | 75 | ||
1997-04-30 | 1997-03-31 | 0.03 | 0.03 | 0.0 | 0 | ||
1997-03-04 | 1996-12-31 | 0.03 | 0.05 | 0.02 | 66 | ||
1996-11-05 | 1996-09-30 | 0.02 | 0.02 | 0.0 | 0 | ||
1996-08-06 | 1996-06-30 | 0.03 | 0.01 | -0.02 | 66 | ||
1996-05-06 | 1996-03-31 | 0.03 | 0.01 | -0.02 | 66 |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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 | 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.