Andrew Smith - Patterson UTI CFO, Executive Vice President Director
| PTEN Stock | USD 8.33 0.08 0.95% |
President
Mr. C. Andrew Smith is Chief Financial Officer, Executive Vice President, of the Company. Mr. Smith has served as Executive Vice President and Chief Financial Officer of PattersonUTI since September 2017. From April 2014 until September 2017, Mr. Smith served as Executive Vice President and Chief Financial Officer of Kirby Corporationrationration, a marine transportation and diesel engine services company. From January 2014 to April 2014, Mr. Smith served as Executive Vice President Finance of Kirby Corporationrationration. Prior to joining Kirby Corporationrationration, Mr. Smith served as Senior Vice President and Chief Financial Officer of Benthic Geotech and was previously Chief Financial Officer for both Global Industries, LTD and NATCO Group. Mr. Smith is a Certified Public Accountant and holds a degree in business administration from the University of Houston. since 2017.
| Age | 53 |
| Tenure | 8 years |
| Address | 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064 |
| Phone | 281 765 7100 |
| Web | https://www.patenergy.com |
Andrew Smith Latest Insider Activity
Tracking and analyzing the buying and selling activities of Andrew Smith against Patterson UTI stock is an integral part of due diligence when investing in Patterson UTI. Andrew Smith insider activity provides valuable insight into whether Patterson UTI is net buyers or sellers over its current business cycle. Note, Patterson UTI insiders must abide by specific rules, including filing SEC forms every time they buy or sell Patterson UTI'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Andrew Smith over a year ago Exercise or conversion by Andrew Smith of 3138 shares of Core Molding subject to Rule 16b-3 |
Patterson UTI Management Efficiency
The company has return on total asset (ROA) of 0.0134 % which means that it generated a profit of $0.0134 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.233) %, 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 21st of March 2025, Return On Tangible Assets is likely to grow to -0.21. In addition to that, Return On Capital Employed is likely to grow to -0.17. At this time, Patterson UTI's Intangibles To Total Assets are very stable compared to the past year.Similar Executives
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Management Performance
| Return On Equity | -0.23 | ||||
| Return On Asset | 0.0134 |
Patterson UTI Energy Leadership Team
Elected by the shareholders, the Patterson UTI's board of directors comprises two types of representatives: Patterson UTI inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Patterson. The board's role is to monitor Patterson UTI's management team and ensure that shareholders' interests are well served. Patterson UTI's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Patterson UTI's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth CPA, Executive Officer | ||
| James Drickamer, VP Relations | ||
| Michael Sabella, Vice Relations | ||
| Seth JD, General VP | ||
| Seth Wexler, General Counsel, Secretary | ||
| Matt Pye, Senior Affairs | ||
| Kathryn Roark, Diversity Sustainability | ||
| William Hendricks, CEO President | ||
| Diana Dotolo, Senior Resources | ||
| Andrew Smith, CFO, Executive Vice President Director | ||
| Mike Garvin, President Drilling | ||
| Marty Unrein, Senior Marketing | ||
| James Holcomb, President of UTI Drilling Company LLC | ||
| Kenneth Pucheu, Chief Officer | ||
| Matthew Gillard, President Pumping | ||
| Andrew CPA, Executive CFO |
Patterson Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Patterson UTI a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.23 | ||||
| Return On Asset | 0.0134 | ||||
| Profit Margin | (0.18) % | ||||
| Operating Margin | (0.02) % | ||||
| Current Valuation | 4.12 B | ||||
| Shares Outstanding | 386.39 M | ||||
| Shares Owned By Insiders | 2.53 % | ||||
| Shares Owned By Institutions | 97.47 % | ||||
| Number Of Shares Shorted | 23.36 M | ||||
| Price To Earning | 37.63 X |
Pair Trading with Patterson UTI
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 Patterson UTI 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 Patterson UTI will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Patterson UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson UTI 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 Patterson UTI - 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 Patterson UTI Energy to buy it.
The correlation of Patterson UTI 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 Patterson UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson UTI Energy 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 Patterson UTI 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 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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 (2.60) | Revenue Per Share | Quarterly Revenue Growth (0.27) |
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.