Patterson-UTI Energy Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 48 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 7.94.In the medium term, the stock price is expected to trend up.Despite strong stock market performance and technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Patterson-UTI Energy Inc is 5.78, ranking 88 out of 97 in the Oil & Gas Related Equipment and Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 1.15B, representing a year-over-year decrease of 0.97%, while its net profit experienced a year-over-year decrease of 82.37%.
Key Metrics
The current valuation score of Patterson-UTI Energy Inc is 7.13, ranking 66 out of 97 in the Oil & Gas Related Equipment and Services industry. Its current P/E ratio is -35.47, which is -296.69% below the recent high of 69.76 and 0.00% above the recent low of -35.47.
The current earnings forecast score of Patterson-UTI Energy Inc is 6.88, ranking 64 out of 97 in the Oil & Gas Related Equipment and Services industry. The average price target is 7.00, with a high of 9.00 and a low of 6.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Patterson-UTI Energy Inc is 9.13, ranking 56 out of 97 in the Oil & Gas Related Equipment and Services industry. Currently, the stock price is trading between the resistance level at 9.34 and the support level at 7.33, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Patterson-UTI Energy Inc is 10.00, ranking 1 out of 97 in the Oil & Gas Related Equipment and Services industry. The latest institutional shareholding proportion is 112.76%, representing a quarter-over-quarter increase of 1.71%. The largest institutional shareholder is The Vanguard, holding a total of 42.08M shares, representing 11.10% of shares outstanding, with 1.83% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas Related Equipment and Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Patterson-UTI Energy Inc is 6.03, ranking 65 out of 97 in the Oil & Gas Related Equipment and Services industry. The company's beta value is 0.76. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Patterson-UTI Energy Inc’s latest ESG disclosure leads the Oil & Gas Related Equipment and Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
