Patterson Uti Energy Stock Price on December 24, 2024

PTEN Stock  USD 7.68  0.16  2.13%   
Below is the normalized historical share price chart for Patterson UTI Energy extending back to November 02, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Patterson UTI stands at 7.68, as last reported on the 24th of December, with the highest price reaching 7.68 and the lowest price hitting 7.39 during the day.
IPO Date
2nd of November 1993
200 Day MA
9.6158
50 Day MA
8.0122
Beta
2.132
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Patterson Stock, it is important to understand the factors that can impact its price. As of now, Patterson Stock is somewhat reliable. Patterson UTI Energy maintains Sharpe Ratio (i.e., Efficiency) of 0.0027, which implies the firm had a 0.0027% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Patterson UTI Energy, which you can use to evaluate the volatility of the company. Please check Patterson UTI's Risk Adjusted Performance of (0.02), variance of 8.23, and Coefficient Of Variation of (2,671) to confirm if the risk estimate we provide is consistent with the expected return of 0.0078%.
  
At this time, Patterson UTI's Total Stockholder Equity is very stable compared to the past year. As of the 24th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 7.8 B, while Common Stock Shares Outstanding is likely to drop about 153.1 M. . As of the 24th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.58, while Price To Sales Ratio is likely to drop 0.69. Patterson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0027

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsPTEN

Estimated Market Risk

 2.83
  actual daily
25
75% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Patterson UTI is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patterson UTI by adding Patterson UTI to a well-diversified portfolio.
Price Book
0.8408
Enterprise Value Ebitda
9.2217
Price Sales
0.5056
Shares Float
352.8 M
Dividend Share
0.32

Patterson UTI Valuation on December 24, 2024

It is possible to determine the worth of Patterson UTI on a given historical date. On December 24, 2024 Patterson was worth 7.52 at the beginning of the trading date compared to the closed value of 7.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patterson UTI stock. Still, in general, we apply an absolute valuation method to find Patterson UTI's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Patterson UTI where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patterson UTI's related companies.
 Open High Low Close Volume
  7.61    7.67    7.46    7.52    11,754,715  
12/24/2024
  7.52    7.68    7.39    7.68    4,468,826  
Backtest Patterson UTI  |  Patterson UTI History  |  Patterson UTI Valuation   Previous
Open Value
7.52
7.68
Closing Value
16.00
Upside

Patterson UTI Trading Date Momentum on December 24, 2024

On December 24 2024 Patterson UTI Energy was traded for  7.68  at the closing time. The top price for the day was 7.68  and the lowest listed price was  7.39 . The trading volume for the day was 4.5 M. The trading history from December 24, 2024 did not cause price change. The trading delta at closing time against the current closing price is 2.08% .

Patterson UTI Energy Fundamentals Correlations and Trends

By evaluating Patterson UTI's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Patterson UTI's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patterson financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Patterson UTI Stock history

Patterson UTI investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Patterson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patterson UTI Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Patterson UTI stock prices may prove useful in developing a viable investing in Patterson UTI
Last ReportedProjected for Next Year
Common Stock Shares Outstanding280.1 M153.1 M
Net Income Applicable To Common Shares139.2 M146.2 M

Patterson UTI Quarterly Net Working Capital

443.85 Million

Patterson UTI Stock Technical Analysis

Patterson UTI technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Patterson UTI technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Patterson UTI trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Patterson UTI Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Patterson UTI Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Patterson UTI December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Patterson UTI stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patterson UTI shares will generate the highest return on investment. By undertsting and applying Patterson UTI stock market strength indicators, traders can identify Patterson UTI Energy entry and exit signals to maximize returns

Patterson UTI Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Patterson UTI's price direction in advance. Along with the technical and fundamental analysis of Patterson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patterson to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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:
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.