Patterson Uti Energy Stock Probability of Future Stock Price Finishing Over 16.64
| PTEN Stock | USD 7.85 0.03 0.38% |
Patterson |
Patterson UTI Target Price Odds to finish over 16.64
The tendency of Patterson Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 16.64 or more in 90 days |
| 7.85 | 90 days | 16.64 | close to zero percent |
Based on a normal probability distribution, the odds of Patterson UTI to move over $ 16.64 or more in 90 days from now is close to zero percent (This Patterson UTI Energy probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) . Probability of Patterson UTI Energy price to stay between its current price of $ 7.85 and $ 16.64 at the end of the 90-day period is about 61.57 .
Given the investment horizon of 90 days Patterson UTI has a beta of 0.3 indicating as returns on the market go up, Patterson UTI average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Patterson UTI Energy will be expected to be much smaller as well. Additionally Patterson UTI Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Patterson UTI Price Density |
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Predictive Modules for Patterson UTI
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Patterson UTI Energy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson UTI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Patterson UTI Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Patterson UTI is not an exception. The market had few large corrections towards the Patterson UTI's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Patterson UTI Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Patterson UTI within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.03 |
Patterson UTI Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Patterson UTI for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Patterson UTI Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 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 | |
| On 16th of December 2024 Patterson UTI paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from investing.com: Patterson-UTI Energys SWOT analysis drilling into the stocks potential |
Patterson UTI Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Patterson Stock often depends not only on the future outlook of the current and potential Patterson UTI's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Patterson UTI's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 280.1 M | |
| Cash And Short Term Investments | 192.7 M |
Patterson UTI Technical Analysis
Patterson UTI's future price can be derived by breaking down and analyzing its technical indicators over time. Patterson Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Patterson UTI Energy. In general, you should focus on analyzing Patterson Stock price patterns and their correlations with different microeconomic environments and drivers.
Patterson UTI Predictive Forecast Models
Patterson UTI's time-series forecasting models is one of many Patterson UTI's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Patterson UTI's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Patterson UTI Energy
Checking the ongoing alerts about Patterson UTI for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Patterson UTI Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 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 | |
| On 16th of December 2024 Patterson UTI paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from investing.com: Patterson-UTI Energys SWOT analysis drilling into the stocks potential |
Check out Patterson UTI Backtesting, Patterson UTI Valuation, Patterson UTI Correlation, Patterson UTI Hype Analysis, Patterson UTI Volatility, Patterson UTI History as well as Patterson UTI Performance. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.