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SELL 1104 min ago

@ $11.36

Issued: 24 Apr 2024 @ 13:32

Return: 1.54%

Previous signal: Apr 24 - 09:31

Previous signal: Buy

Return: -0.92 %

Live Chart Being Loaded With Signals

Commentary (24 Apr 2024 @ 16:00):

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally...

Stats
Today's Volume	6.97M
Average Volume	6.67M
Market Cap	4.71B
EPS	$0 ( 2024-04-24 )
Next earnings date	( $0.130 ) 2024-05-01
Last Dividend	$0.0800 ( 2023-11-30 )
Next Dividend	$0 ( N/A )
P/E	13.10
ATR14	$0.350 (3.03%)

Insider Trading

Date	Person	Action	Amount	type
2024-02-29	Drummond Robert Wayne Jr	Sell	187 916	Common Stock, $.01 par value per share
2024-03-01	Drummond Robert Wayne Jr	Sell	65 344	Common Stock, $.01 par value per share
2024-01-02	Gillard Matthew	Sell	18 682	Restricted Stock Units
2024-01-03	Gillard Matthew	Sell	40 406	Restricted Stock Units
2024-01-03	Gillard Matthew	Buy	40 406	Common Stock, $.01 par value per share

INSIDER POWER
29.96
Last 96 transactions
Buy: 14 924 592 \| Sell: 7 919 903

Volume Correlation

Long: 0.95 (very strong)

Short: 0.31 (neutral)

Signal:(57) Neutral

Patterson-UTI Energy Inc Correlation

10 Most Positive Correlations
FTCS	0.851
DVOL	0.841
AMAL	0.831
ACHC	0.83
WLTW	0.83
BMRA	0.824
VREX	0.816
DAVE	0.812
CARA	0.811
RMCF	0.81

10 Most Negative Correlations
APOP	-0.93
CMLF	-0.851
RMRM	-0.839
META	-0.834
MOSY	-0.834
FTIVU	-0.813
MANH	-0.808
FEYE	-0.801

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Patterson-UTI Energy Inc Correlation - Currency/Commodity

-0.82
( strong negative )

-0.86
( strong negative )

0.00
( neutral )

-0.34
( neutral )

0.73
( moderate )

0.78
( moderate )

Patterson-UTI Energy Inc Financials

Annual	2023
Revenue:	$4.15B
Gross Profit:	$603.72M (14.56 %)
EPS:	$0.880

Q4	2023
Revenue:	$1.58B
Gross Profit:	$186.41M (11.77 %)
EPS:	$0.150

Q3	2023
Revenue:	$1.01B
Gross Profit:	$122.36M (12.10 %)
EPS:	$0.000200

Q2	2023
Revenue:	$758.89M
Gross Profit:	$143.99M (18.97 %)
EPS:	$0.410

Financial Reports:

No articles found.

Patterson-UTI Energy Inc Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.0400 (N/A)	$0.0800 (N/A)	$0.0800 (N/A)	$0.0800 (N/A)	$0.0800 (N/A)	$0.0800 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Patterson-UTI Energy Inc Dividend Information - Dividend Knight

Dividend Sustainability Score: 9.81 - good (98.05%) | Divividend Growth Potential Score: 4.85 - Stable (2.96%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.0200	2004-05-13
Last Dividend	$0.0800	2023-11-30
Next Dividend	$0	N/A
Payout Date	2023-12-15
Next Payout Date	N/A
# dividends	79	--
Total Paid Out	$4.58	--
Avg. Dividend % Per Year	1.25%	--
Score	4.99	--
Div. Sustainability Score	9.81
Div.Growth Potential Score	4.85
Div. Directional Score	7.33	--

Next Divdend (Est)
(2024-07-01)

$0.0820 Estimate 39.87 %

Dividend Stability

0.80 Good

Dividend Score

4.99

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2004	$0.0600	0.36%
2005	$0.160	0.87%
2006	$0.280	0.82%
2007	$0.440	2.00%
2008	$0.600	2.89%
2009	$0.200	1.59%
2010	$0.200	1.24%
2011	$0.200	0.92%
2012	$0.200	0.93%
2013	$0.200	1.05%
2014	$0.400	1.60%
2015	$0.400	2.40%
2016	$0.160	1.05%
2017	$0.0800	0.29%
2018	$0.140	0.60%
2019	$0.160	1.51%
2020	$0.100	0.95%
2021	$0.0800	1.48%
2022	$0.200	2.21%
2023	$0.320	2.04%
2024	$0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NASDAQ

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
OXLC	Dividend Royal	2023-12-14	Monthly	14	10.00%	8.50
PSEC	Dividend Royal	2023-12-26	Monthly	21	7.04%	8.50
SLVO	Dividend Royal	2023-11-20	Monthly	12	10.77%	8.50
QYLD	Dividend Royal	2023-11-20	Monthly	11	7.50%	8.50
OXSQ	Dividend Diamond	2023-12-14	Monthly	21	9.10%	8.50
GAIN	Dividend Royal	2023-12-04	Monthly	20	8.19%	8.50
GLDI	Dividend Royal	2023-11-20	Monthly	12	7.15%	8.50
HRZN	Dividend King	2023-12-18	Monthly	15	6.60%	8.45
USOI	Dividend Royal	2023-11-20	Monthly	8	16.70%	8.28
PFLT	Dividend King	2023-11-15	Monthly	14	6.50%	8.27

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0594	1.500	8.81	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0332	1.200	8.89	10.00	[0 - 0.3]
returnOnEquityTTM	0.0755	1.500	-0.273	-0.409	[0.1 - 1]
payoutRatioTTM	0.406	-1.000	5.94	-5.94	[0 - 1]
currentRatioTTM	1.414	0.800	7.93	6.34	[1 - 3]
quickRatioTTM	1.163	0.800	7.86	6.29	[0.8 - 2.5]
cashRatioTTM	0.183	1.500	-0.0921	-0.138	[0.2 - 2]
debtRatioTTM	0.174	-1.500	7.09	-10.00	[0 - 0.6]
interestCoverageTTM	6.90	1.000	8.56	8.56	[3 - 30]
operatingCashFlowPerShareTTM	2.42	2.00	9.19	10.00	[0 - 30]
freeCashFlowPerShareTTM	0.939	2.00	9.53	10.00	[0 - 20]
debtEquityRatioTTM	0.269	-1.500	8.92	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.146	1.000	-0.907	-0.907	[0.2 - 0.8]
operatingProfitMarginTTM	0.0880	1.000	-0.241	-0.241	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.777	1.000	6.79	6.79	[0.2 - 2]
assetTurnoverTTM	0.559	0.800	9.61	7.69	[0.5 - 2]
Total Score				9.81

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	19.46	1.000	8.14	0	[1 - 100]
returnOnEquityTTM	0.0755	2.50	-0.175	-0.409	[0.1 - 1.5]
freeCashFlowPerShareTTM	0.939	2.00	9.69	10.00	[0 - 30]
dividendYielPercentageTTM	2.78	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	2.42	2.00	9.19	10.00	[0 - 30]
payoutRatioTTM	0.406	1.500	5.94	-5.94	[0 - 1]
pegRatioTTM	0.0482	1.500	-3.01	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.243	1.000	6.44	0	[0.1 - 0.5]
Total Score				4.85

Patterson-UTI Energy Inc

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.