Diana Dotolo - Patterson UTI Senior Resources

PTEN Stock  USD 8.40  0.06  0.71%   

Executive

Diana Dotolo is Senior Resources of Patterson UTI Energy
Address 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064
Phone281 765 7100
Webhttps://www.patenergy.com

Patterson UTI Management Efficiency

The company 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 29th 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 29th 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.
Patterson UTI Energy currently holds 1.35 B in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. Patterson UTI Energy has a current ratio of 1.52, which is within standard range for the sector. Note, when we think about Patterson UTI's use of debt, we should always consider it together with its cash and equity.

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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas. Patterson-Uti Energy operates under Oil Gas Drilling classification in the United States and is traded on NASDAQ Exchange. It employs 5000 people. Patterson UTI Energy (PTEN) is traded on NASDAQ Exchange in USA. It is located in 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064 and employs 10,600 people. Patterson UTI is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

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.

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.

Moving together with Patterson Stock

  0.82PDS Precision DrillingPairCorr
  0.67RIG Transocean Aggressive PushPairCorr
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.
Pair CorrelationCorrelation Matching
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.