Patterson-UTI Energy Shares Owned By Institutions vs. Net Income
| PE1 Stock | EUR 7.65 0.40 4.97% |
For Patterson-UTI Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Patterson-UTI Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Patterson UTI Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Patterson-UTI Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Patterson UTI Energy over time as well as its relative position and ranking within its peers.
Patterson-UTI |
Patterson UTI Energy Net Income vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Patterson-UTI Energy's current stock value. Our valuation model uses many indicators to compare Patterson-UTI Energy value to that of its competitors to determine the firm's financial worth. Patterson UTI Energy is considered to be number one stock in shares owned by institutions category among its peers. It also is considered to be number one stock in net income category among its peers making up about 1,564,889 of Net Income per Shares Owned By Institutions. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Patterson-UTI Energy's earnings, one of the primary drivers of an investment's value.Patterson-UTI Net Income vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Patterson-UTI Energy |
| = | 98.83 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Patterson-UTI Energy |
| = | 154.66 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Patterson-UTI Net Income Comparison
Patterson UTI is currently under evaluation in net income category among its peers.
Patterson-UTI Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Patterson-UTI Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Patterson-UTI Energy will eventually generate negative long term returns. The profitability progress is the general direction of Patterson-UTI Energy's change in net profit over the period of time. It can combine multiple indicators of Patterson-UTI Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas. PATTERS UTI operates under Oil Gas Drilling classification in Germany and is traded on Frankfurt Stock Exchange. It employs 8000 people.
Patterson-UTI Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Patterson-UTI Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Patterson-UTI Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Patterson-UTI Energy's important profitability drivers and their relationship over time.
Use Patterson-UTI Energy in pair-trading
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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.Patterson-UTI Energy Pair Trading
Patterson UTI Energy Pair Trading Analysis
The ability to find closely correlated positions to Patterson-UTI Energy 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 Energy 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 Energy - 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 Energy 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 Energy 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 Energy 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.Use Investing Themes to Complement your Patterson-UTI Energy position
In addition to having Patterson-UTI Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Measuring and Control Equipment Thematic Idea Now
Measuring and Control Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Measuring and Control Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Measuring and Control Equipment Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Patterson-UTI Stock
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 Energy'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. For more detail on how to invest in Patterson-UTI Stock please use our How to Invest in Patterson-UTI Energy guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
To fully project Patterson-UTI Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Patterson UTI Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Patterson-UTI Energy's income statement, its balance sheet, and the statement of cash flows.