Patterson-UTI's Earnings and Revenues Surpass Estimates in Q1
- PTEN expects selling, general and administrative expenses of $65 million, and depreciation, depletion, amortization and impairment expenses of $230 million for the second quarter.
- 04/24/2025
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Patterson-UTI (PTEN) Reports Break-Even Earnings for Q1
- Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.15 per share a year ago.
- 04/23/2025
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2025
- HOUSTON, TX / ACCESS Newswire / April 23, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2025.
- 04/23/2025
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Patterson-UTI Energy to Post Q1 Earnings: Here's What to Expect
- PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
- 04/17/2025
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Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: Should You Buy?
- Patterson-UTI (PTEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2025
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Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESS Newswire / April 7, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 24, 2025, at 9:00 a.m.
- 04/07/2025
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Patterson-UTI Reports Drilling Activity for March 2025
- HOUSTON, TEXAS / ACCESS Newswire / April 3, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2025, the Company had an average of 106 drilling rigs operating in the United States.
- 04/03/2025
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Are Investors Undervaluing PattersonUTI Energy (PTEN) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/26/2025
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Despite Fast-paced Momentum, Patterson-UTI (PTEN) Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Patterson-UTI (PTEN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 03/26/2025
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3 Oil & Gas Drilling Stocks Navigating a Volatile Market
- Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, RIG and HP.
- 03/25/2025
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Why Is Patterson-UTI (PTEN) Down 14.7% Since Last Earnings Report?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 03/07/2025
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Patterson-UTI Reports Drilling Activity for February 2025
- HOUSTON, TEXAS / ACCESS Newswire / March 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2025, the Company had an average of 107 drilling rigs operating in the United States.
- 03/06/2025
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Patterson-UTI: High Torque To Increased Natural Gas Activity
- US drilling and completion activity looks to be stable in the near term. In the medium term, additional natural gas focused activity in the Haynesville shale represents a powerful driver for improved margins. LNG exports are expected to ramp by year-end 2025, which should be a catalyst to warrant renewed natural gas related activity.
- 02/13/2025
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Patterson-UTI (PTEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/12/2025
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Patterson-UTI Reports Drilling Activity for January 2025
- HOUSTON, TX / ACCESS Newswire / February 11, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2025, the Company had an average of 106 drilling rigs operating in the United States.
- 02/11/2025
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Patterson-UTI Energy, Inc. (PTEN) Q4 2024 Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Michael Sabella - Vice President of Investor Relations William Hendricks - President and Chief Executive Officer Andrew Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Waqar Syed - ATB Capital Markets Keith Mackey - RBC Capital Markets Sareeb Pant - Bank of America Eddie Kim - Barclays Kirk Hallead - Benchmark Jeff LeBlanc - TPH & Company Doug Decker - Capital One Securities Operator Thank you for standing by. My name is Rebecca and I will be your conference operator today.
- 02/06/2025
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Patterson-UTI Energy's Q4 Earnings Fall Y/Y, Sales Lag Estimates
- PTEN expects capital expenditures for 2025 to be around $600 million, with each segment planning to spend less than in 2024.
- 02/06/2025
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Patterson-UTI (PTEN) Reports Q4 Loss, Lags Revenue Estimates
- Patterson-UTI (PTEN) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.19 per share a year ago.
- 02/05/2025
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2024
- HOUSTON, TEXAS / ACCESS Newswire / February 5, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2024.
- 02/05/2025
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Patterson-UTI Energy to Post Q4 Earnings: Here's What to Expect
- PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
- 02/04/2025
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Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/29/2025
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Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / January 14, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 6, 2025, at 9:00 a.m.
- 01/14/2025
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Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means
- Investors often have access to the best minds on Wall Street without even knowing it most of the time, and this is a critical piece of information everyone should keep track of to reverse engineer what analysts are suddenly becoming bearish on. When Wall Street analysts decide to upgrade a stock's rating and valuation, it usually pays to attempt to understand the decision and its reasoning.
- 01/14/2025
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Patterson-UTI price target lowered to $13 from $14 at Stifel
- Stifel analyst Stephen Gengaro lowered the firm's price target on Patterson-UTI to $13 from $14 and keeps a Buy rating on the shares. Heading into 2025, the firm expects "more of the same" in the Oil Services world as well limited macro-catalysts for the stocks, the analyst tells investors.
- 01/06/2025
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Patterson-UTI Reports Drilling Activity for December 2024
- HOUSTON, TEXAS / ACCESSWIRE / January 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2024, the Company had an average of 104 drilling rigs operating in the United States.
- 01/06/2025
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VAL, PTEN, RIG: 3 Oil & Gas Drilling Stocks Holding Promise
- Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, RIG and PTEN.
- 01/03/2025
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Patterson-UTI: Cheap Despite Leading Yield And Buyback And Power Segment Potential
- Patterson-UTI Energy, Inc. underperformed its peer group in 2024. Rigs and pressure pumping are expected to see modest recoveries in 2025, helping to generate significant free cash flow. The dividend yield is already the best in the peer group, and we expect the large buyback to continue next year.
- 12/20/2024
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Patterson-UTI Reports Drilling Activity for November 2024
- HOUSTON, TEXAS / ACCESSWIRE / December 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2024, the Company had an average of 105 drilling rigs operating in the United States.
- 12/05/2024
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Why I'm Downranking Patterson-UTI To Hold
- Oilfield service company Patterson-UTI's market capitalization is $3.2 billion, and it pays a 3.9% dividend. It took a nearly $1 billion asset write-down in 3Q24. Although the new administration plans to encourage energy production, multi-billion-dollar upstream mergers involving most large public and private companies may condense drilling budgets.
- 12/05/2024
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Patterson-UTI (PTEN) Up 4.9% Since Last Earnings Report: Can It Continue?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 11/22/2024
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Patterson-UTI Reports Drilling Activity for October 2024
- HOUSTON, TX / ACCESSWIRE / November 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2024, the Company had an average of 105 drilling rigs operating in the United States.
- 11/05/2024
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Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns
- The Q3 commentary suggested a delay in the rebound of U.S. oilfield activity. However, PTEN is actively managing capex and is able to turn out ample cash flow even at the current activity levels. The cash flow funds buybacks and dividends; PTEN basically pays investors to wait until the next catalyst, which will likely be a tightening of the U.S. natural gas market.
- 10/27/2024
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Patterson-UTI Energy, Inc. (PTEN) Q3 2024 Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q3 2024 Earnings Call October 24, 2024 10:00 AM ET Company Participants Michael Sabella - Investor Relations Andy Hendricks - President and Chief Executive Officer Andy Smith - Chief Financial Officer Conference Call Participants Scott Gruber - Citigroup Stephen Gengaro - Stifel Keith MacKey - RBC Capital Markets Ati Modak - Goldman Sachs Arun Jayaram - JPMorgan Waqar Syed - ATB Connor Jensen - Raymond James Saurabh Pant - Bank of America Kurt Hallead - Benchmark Company Eddie Kim - Barclays Operator Good morning. Thank you for standing by.
- 10/24/2024
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Patterson-UTI Energy's Q3 Earnings Fall Y/Y, Sales Beat Estimates
- PTEN projects its fourth-quarter expenses to total $65 million for selling, general and administrative costs and $150 million for capital expenditures.
- 10/24/2024
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Patterson-UTI (PTEN) Reports Break-Even Earnings for Q3
- Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.20 per share a year ago.
- 10/23/2024
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2024
- HOUSTON, TX / ACCESSWIRE / October 23, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2024.
- 10/23/2024
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Patterson-UTI Energy to Report Q3 Earnings: What's in Store for the Stock?
- PTEN is expected to report higher revenues from the year-ago period. The company is anticipated to see a lower bottom line due to rising costs.
- 10/21/2024
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Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2024
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Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / October 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, October 24, 2024, at 9:00 a.m.
- 10/14/2024
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Patterson-UTI Reports Drilling Activity for September 2024
- HOUSTON, TX / ACCESSWIRE / October 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2024, the Company had an average of 107 drilling rigs operating in the United States.
- 10/03/2024
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Patterson-UTI and ADNOC Drilling Sign Agreements to Formalize the Previously Announced Joint Venture in the UAE
- HOUSTON, TX / ACCESSWIRE / September 30, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI TW Holdings LLC, has signed the previously announced joint venture agreement with a subsidiary of ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi.
- 09/30/2024
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Patterson-UTI Reports Drilling Activity for August 2024
- HOUSTON, TX / ACCESSWIRE / September 9, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in the United States.
- 09/09/2024
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Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 08/23/2024
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Patterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural Gas
- Patterson-UTI is cash flow positive despite U.S. oilfield activity being at a cyclical bottom. A rebound in natural gas drilling in 2025 will be a strong call on the company's premium equipment that is already in short supply. Even if gas drilling doesn't rebound soon, the generous buyback program should provide support for the stock price.
- 08/11/2024
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Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
- Commodity cycles require downturns to cool demand and rebalance supply. Without them, spikes in crude oil and natural gas prices may become the norm. Patterson-UTI's valuation is now about the same as past recession lows during 2020, 2009, and 2001. Any unexpected upturn in oil/gas prices should lead to sizable investor gains in PTEN. Various technical momentum indicators have been reversing higher since May, which could be a good omen price will soon follow.
- 08/09/2024
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Patterson-UTI Reports Drilling Activity for July 2024
- HOUSTON, TX / ACCESSWIRE / August 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the United States.
- 08/05/2024
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Patterson-UTI (PTEN) Q2 Earnings Fall Y/Y, Sales Lag Estimates
- Patterson-UTI (PTEN) anticipates to generate 40% of its free cash flow from adjusted EBITDA by 2024.
- 07/30/2024
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024
- HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.
- 07/24/2024
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Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/17/2024
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Patterson-UTI (PTEN) to Report Q2 Earnings: What's in Store?
- Patterson-UTI (PTEN) is expected to report higher revenues from the year-ago period's level. Despite this increase, the company is anticipated to see a lower bottom line due to rising costs.
- 07/17/2024
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Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m.
- 07/15/2024
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Black Gold Bargains: 7 Discounted Oil Stocks Ready for a Comeback
- One of the investment sectors in which it's difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infrastructures, why would anyone consider fossil fuels, even if they were billed as discounted oil stocks?
- 07/01/2024
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Patterson-UTI Reports Drilling Activity for May 2024
- HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States.
- 06/06/2024
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Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
- Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.
- 05/16/2024
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Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
- HOUSTON, TX / ACCESSWIRE / May 13, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi.
- 05/13/2024
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Patterson-UTI Reports Drilling Activity for April 2024
- HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States.
- 05/06/2024
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Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
- Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
- 05/03/2024
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Patterson-UTI Energy, Inc. (PTEN) Q1 2024 Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President, CEO & Director Andy Smith - CFO & EVP Conference Call Participants Luke Lemoine - Piper Sandler Jim Rollyson - Raymond James Scott Gruber - Citigroup Alexa Petrick - Goldman Sachs Derek Podhaizer - Barclays Capital Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Saurabh Pant - Bank of America Merrill Lynch Waqar Syed - ATB Capital Markets Keith MacKey - RBC Capital Markets John Daniel - Daniel Energy Partners Operator Ladies and gentlemen, welcome to the Patterson UTI First Quarter 2024 conference call. [Operator Instructions].
- 05/02/2024
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
- HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024.
- 05/01/2024
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Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/24/2024
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Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m.
- 04/08/2024
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These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 04/08/2024
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Patterson-UTI Reports Drilling Activity for March 2024
- HOUSTON, TX / ACCESSWIRE / April 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2024, the Company had an average of 120 drilling rigs operating in the United States.
- 04/03/2024
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Backing Fracking: 3 Shale Stocks to Buy Before the 2024 Election
- A hot topic for energy production, hydraulic fracturing, or fracking, extracts oil and gas by injecting high-pressure fluids underground. For the U.S. this has boosted domestic energy production potential but has also sparked environmentalist concerns.
- 04/03/2024
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3 High-Risk, High-Reward Stocks Worth Betting On for Under $20
- Most long-term compounders start as high-risk, high-reward stocks under $20. Their low-priced stocks grow into significant values through sustainable long-term growth and returns on invested capital.
- 03/19/2024
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Patterson-UTI Reports Drilling Activity for February 2024
- HOUSTON, TX / ACCESSWIRE / March 4, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2024, the Company had an average of 122 drilling rigs operating in the United States.
- 03/04/2024
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Patterson-UTI (PTEN) Q4 Earnings and Sales Beat Estimates
- Patterson-UTI (PTEN) plans to spend $740 million on capital expenditures in 2024. The company expects an effective tax rate of 24% and annual cash taxes of $35-$45 million for the year.
- 02/15/2024
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Patterson-UTI (PTEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for Patterson-UTI (PTEN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/14/2024
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Patterson-UTI (PTEN) Q4 Earnings and Revenues Top Estimates
- Patterson-UTI (PTEN) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.46 per share a year ago.
- 02/14/2024
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Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
- HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023.
- 02/14/2024
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Earnings Preview: Patterson-UTI (PTEN) Q4 Earnings Expected to Decline
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/07/2024
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Patterson-UTI Reports Drilling Activity for January 2024
- HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2024, the Company had an average of 122 drilling rigs operating in the United States.
- 02/05/2024
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Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m.
- 01/19/2024
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4 Stocks With Big Rebound Potential
- A Wall Street adage warns, “Don't try to catch a falling knife.”
- 01/15/2024
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Patterson-UTI (PTEN) Q3 Earnings Miss, Revenues Top
- Patterson-UTI (PTEN) expects total capital outlay for the fourth quarter of 2023 to be approximately $190 million.
- 11/16/2023
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Is There an Opportunity in These Oil & Gas Drilling Stocks?
- Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like HP, PTEN and SDRL.
- 11/10/2023
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Patterson-UTI Energy Inc. (PTEN) Q3 2023 Earnings Call Transcript
- Patterson-UTI Energy Inc. (PTEN) Q3 2023 Earnings Call Transcript
- 11/08/2023
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Will NexTier Merger Boost Patterson-UTI's (PTEN) Q3 Earnings?
- Patterson-UTI Energy (PTEN) beat the Zacks Consensus Estimate for earnings thrice in the last four quarters and met in the other, resulting in an earnings surprise of 20.5%, on average.
- 11/06/2023
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5 Low-Leverage Stocks to Buy as Inflation Fear Eases
- The crux of safe investment lies in choosing a company that is not burdened with debt as debt-free stock is almost impossible to find. You may buy TXT, PTEN, ALE, TNK and ACHC.
- 11/03/2023
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Bet on 5 Top-Ranked Stocks With Upgraded Broker Ratings
- As brokers have a deeper insight into stocks, one must follow rating upgrades for solid returns. We select e.l.f.
- 10/10/2023
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Why Patterson-UTI (PTEN) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 10/09/2023
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 10/06/2023
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3 Zacks Rank Additions Energy Investors Can Buy Right Now
- Patterson-UTI Energy (PTEN), APA Corporation (APA) and HF Sinclair (DINO) enjoy upward trending earnings revisions and a discounted valuation.
- 10/06/2023
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Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m.
- 10/05/2023
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New Strong Buy Stocks for October 5th
- EONGY, BWEN, PTEN, AIT and LPSN have been added to the Zacks Rank #1 (Strong Buy) List on October 5, 2023.
- 10/05/2023
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Best Income Stock to Buy for October 5th
- PTEN made it to the Zacks Rank #1 (Strong Buy) income stock list on October 5, 2023.
- 10/05/2023
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Patterson-UTI Energy: Dividends And Buybacks Well Supported, ~85% NOPAT Distributable
- Patterson-UTI Energy (PTEN) trades at tight multiples relative to its assets and cash flows, presenting potential to unlock risk capital. Demand for PTEN's services is high due to increased oil and gas prices and a shortage of Tier-1 rigs. PTEN has committed to returning 50% of its free cash flow to shareholders through dividends and buybacks, and its merger with NexTier Oilfield Solutions offers additional upside potential.
- 09/12/2023
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Patterson-UTI (PTEN) and NexTier Form New Oilfield Company
- Patterson-UTI (PTEN) and NexTier Oilfield Solutions complete their merger to create a leading U.S. drilling and completions provider.
- 09/05/2023
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Why Is Patterson-UTI (PTEN) Down 9.5% Since Last Earnings Report?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 08/25/2023
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Patterson-UTI (PTEN) Closes Ulterra Drilling Acquisition Deal
- Patterson-UTI (PTEN) is set to benefit from Ulterra's drill bit technology and its cutting-edge data insights as a result of its Ulterra acquisition deal.
- 08/22/2023
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Patterson-UTI (PTEN) Q2 Earnings In Line, Revenues Rise Y/Y
- Patterson-UTI (PTEN) reduces capex to $485 million for second-half 2023, targeting $280 million for contract drilling, $140 million for pressure pumping and $20 million for directional drilling in Q3.
- 08/03/2023
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Patterson-UTI (PTEN) Reports Q2 Earnings: What Key Metrics Have to Say
- The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/26/2023
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Patterson-UTI (PTEN) Q2 Earnings Meet Estimates
- Patterson-UTI (PTEN) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.
- 07/26/2023
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The Perfect 10 Portfolio Is Ready to Roll
- The phrase “Perfect 10” doesn't just apply to bathing beauties. It's the name of one of my favorite hypothetical stock portfolios.
- 07/10/2023
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Patterson-UTI (PTEN) to Buy Ulterra, Strengthen Portfolio
- The acquisition of Ulterra will expand Patterson-UTI's (PTEN) operational and technology portfolio, strengthening its market presence in drilling and completions.
- 07/06/2023
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Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / June 29, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 27, 2023, at 9:00 a.m.
- 06/29/2023
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Patterson-UTI, NexTier Combine to Create Oil Services Giant
- The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.
- 06/20/2023
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Strength Seen in Patterson-UTI (PTEN): Can Its 12.1% Jump Turn into More Strength?
- Patterson-UTI (PTEN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 06/16/2023
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Is NexTier-Patterson UTI Deal A Sign Of More Consolidation Ahead?
- Shares of Patterson UTI Energy Inc. NASDAQ: PTEN and NexTier Oilfield Solutions NYSE: NEX were both trading higher on June 15 following news that the companies agreed to combine in a merger of equals.
- 06/16/2023
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Patterson-UTI Energy and NexTier merge to create $5.4B oilfield giant
- Patterson-UTI Energy (NASDAQ:PTEN) and NexTier Oilfield Solutions have agreed to an all-stock merger, according to reports, creating a $5.4 billion oil services company. The deal will see NexTier shareholders receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.
- 06/15/2023
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Oilfield-Services Companies Hold Merger Talks
- NexTier Oilfield Solutions and Patterson-UTI Energy are discussing a deal that would create a bigger player in a consolidating industry.
- 06/12/2023
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3 Well-Positioned Stocks in the Oil & Gas Drilling Industry
- With the outlook for energy activity holding up despite some concerns, the Zacks Oil and Gas - Drilling companies like SDRL, PTEN and PDS are worth considering.
- 05/31/2023
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Why Is Patterson-UTI (PTEN) Down 7% Since Last Earnings Report?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 05/26/2023
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Patterson UTI (PTEN) Q1 Earnings & Sales Beat Estimates
- Patterson-UTI (PTEN) expects capex of $510 million, Contract Drilling capex of $290 million and Pressure Pumping capex of $150 million for 2023.
- 05/01/2023
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Patterson-UTI and Archer Daniels Midland Hit the Casualty List
- Like Brittny Griner, the U.S. basketball star who was imprisoned in Russia last year, stocks are sometimes punished out of all proportion to whatever they did wrong.
- 04/03/2023
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Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / March 28, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 27, 2023, at 9:00 a.m.
- 03/28/2023
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Wall Street Analysts See Patterson-UTI (PTEN) as a Buy: Should You Invest?
- The average brokerage recommendation (ABR) for Patterson-UTI (PTEN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.
- 03/24/2023
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Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye
- China's economy has woken up from its long COVID slumber. The 12-month trend for one of the most reliable economic activity indicators, the Caixin Manufacturing PMI, has crossed into expansion levels for the first time since.
- 03/06/2023
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Patterson-UTI's (PTEN) Q4 Earnings & Sales Beat Estimates
- Patterson-UTI Energy's (PTEN) Q4 sales and earnings beat estimates with strong performance across various segments. It also projects a rig count increase and $550 million capex for 2023.
- 02/17/2023
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Patterson-UTI Energy's Services Are In Good Demand
- Oilfield services company Patterson-UTI supplies pressure pumping and contract drilling services. The company's market capitalization is $3.1 billion, and it pays a 2.2% dividend.
- 02/11/2023
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Patterson-UTI Energy, Inc. (PTEN) Q4 2022 Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Mike Drickamer – Vice President-Investor Relations Andy Hendricks – Chief Executive Officer Andy Smith – Chief Financial Officer Mike Holcomb – Chief Operating Officer Conference Call Participants Arun Jayaram – JPMorgan Chase Jim Rollyson – Raymond James Scott Gruber – Citigroup Saurabh Pant – Bank of America Kurt Hallead – Benchmark Keith MacKey – RBC Don Crist – Johnson Rice John Daniel – Daniel Energy Partners Derek Podhaizer – Barclays Luke Lemoine – Piper Sandler Operator Good morning. My name is Colby, and I will be your conference operator today.
- 02/09/2023
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Patterson-UTI (PTEN) Tops Q4 Earnings and Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of 6.98% and 3.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2023
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Energy Stock Flashing Bull Signal Before Earnings
- Raymond James weighed in on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) today, as trimming its 2023 U.S. rig count forecast to 750 from 813 on lower natural gas prices, citing mild winter conditions and stronger U.S. production growth.
- 02/07/2023
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5 Best High Earnings Yield Picks to Grow Your Wealth
- Stocks with high earnings yield have the potential to provide greater returns. PTEN, JBL, CPRX, AGCO and URBN are some stocks boasting high earnings yield to power your portfolio.
- 02/07/2023
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Patterson-UTI's (PTEN) Q4 Earnings: Another Beat in the Cards?
- Higher revenues from the Contract Drilling and Pressure Pumping segments are likely to have boosted Patterson-UTI Energy's (PTEN) fourth-quarter results.
- 02/03/2023
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Patterson-UTI (PTEN) Crossed Above the 20-Day Moving Average: What That Means for Investors
- Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?
- 01/26/2023
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5 Must-Buy Mid-Cap Stocks Poised to Beat Earnings Estimates
- Five mid-cap companies are set to beat earnings estimates this reporting cycle. These are: PTEN, ELF, HP, RGA and JHG.
- 01/19/2023
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Surging Earnings Estimates Signal Upside for Patterson-UTI (PTEN) Stock
- Patterson-UTI (PTEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 01/16/2023
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Patterson-UTI (PTEN) Is Up 0.24% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/10/2023
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Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / January 10, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 9, 2023, at 9:00 a.m.
- 01/10/2023
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Patterson-UTI's (PTEN) Q4 Earnings Update: Points to Note
- Patterson-UTI Energy (PTEN) said that its key contract drilling unit benefited from higher daily average rig revenues as contracts were renewed at prices that were more than expected.
- 01/09/2023
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Patterson-UTI (PTEN) Just Flashed Golden Cross Signal: Do You Buy?
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 01/06/2023
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Patterson-UTI provides upbeat earnings outlook, citing better-than-expected contract pricing
- Patterson-UTI Energy Inc. PTEN, -6.77% provided on Wednesday an upbeat fourth-quarter earnings outlook, citing “more favorable pricing than expected” on renewals of drilling contracts. The oilfield services company said based on current projections, it expects net income to exceed $100 million, compared with the FactSet consensus of $72.4 million.
- 01/04/2023
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These Are the 10 Best Performing Energy Companies in 2022
- Energy stocks have had a remarkable 2022, driven by high oil and natural gas prices due to tight supplies and rising demand.
- 12/29/2022
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4 Stocks to Benefit from the Intensifying Global Energy Crisis
- The global energy crisis has been several years in the making, and it will be years before the energy crunch normalizes.
- 12/29/2022
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Patterson-UTI Energy: Underpriced Thanks To Recent Sell-Off
- U.S. contract drilling industry has solid fundamentals for 2023. PTEN is a leading drilling contractor and is positioned to benefit if those fundamentals are maintained.
- 12/17/2022
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3 Good Buying Opportunities in the Oil & Gas Drilling Industry
- The ever-improving fundamentals in the Zacks Oil and Gas - Drilling industry amid a robust commodity price environment has provided enough growth tailwinds for operators like HP, PTEN and PDS.
- 12/14/2022
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SHEL to Review $30B UK Investments Due to the Windfall Tax
- SHEL is likely to review its plan to invest $30 billion (25 billion pounds) in the UK's energy system over the next decade.
- 12/01/2022
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Patterson-UTI (PTEN) Just Overtook the 20-Day Moving Average
- Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?
- 11/23/2022
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Earnings Estimates Moving Higher for Patterson-UTI (PTEN): Time to Buy?
- Patterson-UTI (PTEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/21/2022
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These Were The Five Best And Worst Performing Mid-Cap Stocks In October 2022
- Mid-cap companies lie in between the slower growth large-cap stocks and the faster-growth small-cap businesses.
- 11/15/2022
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Patterson-UTI (PTEN) Is Up 4.74% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 11/09/2022
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Patterson-UTI (PTEN) Earnings & Sales Beat Estimates in Q3
- Patterson-UTI's (PTEN) third-quarter 2022 earnings and revenues top the Zacks Consensus Estimate due to solid segmental performances. The company also doubles its quarterly dividend.
- 11/01/2022
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New Strong Buy Stocks for November 1st
- FFNW, PTEN, PRTG, NTNX and GAMB have been added to the Zacks Rank #1 (Strong Buy) List on November 1, 2022.
- 11/01/2022
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Top Energy Stock Flashes Hyper-Bullish Signal With Strong Drivers
- Top energy stock Patterson-UTI rocketed higher in a breakaway gap last week, clearing a strong base. The post Top Energy Stock Flashes Hyper-Bullish Signal With Strong Drivers appeared first on Investor's Business Daily.
- 10/31/2022
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Patterson-UTI Energy, Inc. (PTEN) Q3 2022 Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Mike Drickamer – Vice President-Investor Relations Andy Hendricks – Chief Executive Officer Andy Smith – Chief Financial Officer Conference Call Participants Scott Gruber – Citi Luke Lemoine – Piper Sandler Derek Podhaizer – Barclays Don Crist – Johnson Rice Saurabh Pant – Bank of America Keith Mackey – RBC Sean Mitchell – Daniel Energy David Smith – Pickering Energy Partners Dan Kutz – Morgan Stanley Operator Good morning. My name is Denis and I will be your conference operator today.
- 10/27/2022
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Can Patterson-UTI (PTEN) Run Higher on Rising Earnings Estimates?
- Patterson-UTI (PTEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 10/20/2022
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Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) This Year?
- Here is how Patterson-UTI (PTEN) and Alliance Resource Partners, L.P. (ARLP) have performed compared to their sector so far this year.
- 10/20/2022
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New Strong Buy Stocks for October 13th
- SFL, JBI, PTEN, PHX and FWRG have been added to the Zacks Rank #1 (Strong Buy) List on October 13, 2022.
- 10/13/2022
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Best Momentum Stocks to Buy for October 11th
- PBF, RELL and PTEN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 11, 2022.
- 10/11/2022
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Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky
- PTEN is likely to greatly benefit from the recently announced production cut of OPEC. However, PTEN is facing a major secular threat, namely the accelerated shift of the vast majority of countries from fossil fuels to clean energy sources.
- 10/10/2022
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Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / October 4, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, October 27, 2022, at 9:00 a.m.
- 10/04/2022
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Patterson-UTI Energy (PTEN) Stock Still Offers Opportunities
- Analysts are raising their earnings projections, share performance has been rock-solid, and Patterson-UTI Energy (PTEN) has strong growth prospects.
- 09/29/2022
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3 Best Stocks to Buy Now for Solid Earnings Acceleration
- Invest in stocks like PDF Solutions (PDFS), Infineon Technologies (IFNNY) and PattersonUTI Energy (PTEN) for superb earnings acceleration.
- 09/23/2022
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3 Must-Own Stocks From the Oil & Gas Drilling Industry
- Constructive fundamentals in the Zacks Oil and Gas - Drilling industry has provided the operators with critical growth tailwinds over the medium to long term. This should benefit the likes of HP, PTEN and NBR.
- 09/16/2022
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Is the Options Market Predicting a Spike in PattersonUTI Energy (PTEN) Stock?
- Investors need to pay close attention to PattersonUTI Energy (PTEN) stock based on the movements in the options market lately.
- 09/12/2022
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Buy These 3 Top Stocks for Superb Earnings Acceleration
- Invest in stocks like PDF Solutions (PDFS), PattersonUTI Energy (PTEN) & Infineon Technologies (IFNNY) for solid earnings acceleration.
- 09/08/2022
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Patterson-UTI Energy to Present at the Barclays CEO Energy-Power Conference
- HOUSTON, TX / ACCESSWIRE / September 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that Andy Hendricks, the Company's President and Chief Executive Officer, will participate in a fireside chat at the Barclays CEO Energy-Power Conference on Wednesday, September 7, 2022, at 9:45 a.m.
- 09/06/2022
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4 Stocks to Keep a Tab on for Superb Earnings Acceleration
- PDF Solutions (PDFS), PattersonUTI Energy (PTEN), Royal Caribbean Cruises (RCL) & Boeing (BA) have seen their last two quarter-over-quarter percentage EPS growth rates exceed the growth rates of the previous periods.
- 08/24/2022
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Patterson-UTI (PTEN) Recently Broke Out Above the 20-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
- 08/19/2022
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Will Patterson-UTI (PTEN) Gain on Rising Earnings Estimates?
- Patterson-UTI (PTEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/15/2022
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Are You Looking for a Top Momentum Pick? Why Patterson-UTI (PTEN) is a Great Choice
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/03/2022
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3 Top Stocks to Buy Now for Superb Earnings Acceleration
- Invest in stocks like Wolfspeed (WOLF), TechnipFMC (FTI) & PattersonUTI Energy (PTEN) at the moment for solid earnings acceleration.
- 08/03/2022
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10 Off-The-Radar Stocks Are Quietly Making Investors Big Money
- If you're just looking at the big S&P 500 energy stocks to make you money this year, you're missing out on some off-the-radar gains. The post 10 Off-The-Radar Stocks Are Quietly Making Investors Big Money appeared first on Investor's Business Daily.
- 08/03/2022
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The 7 Best Stocks Under $20 to Buy Now
- Although 2022 hasn't gotten off to the start bullish investors were hoping for, the red ink does open the door for the best stocks under $20 to buy now. As many prominent financial advisors have mentioned, the silver lining in any bearish cycle is the chance to acquire high-potential companies at a discount, something that may not be available if the equities sector was in a frenzy.
- 07/31/2022
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Patterson-UTI (PTEN) Earnings & Sales Beat Estimates in Q2
- Patterson-UTI's (PTEN) second-quarter 2022 earnings and revenues beat the Zacks Consensus Estimate due to solid segmental performances.
- 07/29/2022
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Patterson-UTI Energy (PTEN) CEO Andy Hendricks on Q2 2022 Results - Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Mike Drickamer - VP, IR Andy Hendricks - CEO Andy Smith - CFO Conference Call Participants Chase Mulvehill - Bank of America Derek Podhaizer - Barclays Don Crist - Johnson Rice Sean Mitchell - Daniel Energy Partners Keith Mackey - RBC Capital Markets Operator Good morning. My name is David and I'll be your conference operator today.
- 07/28/2022
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Patterson-UTI (PTEN) Beats Q2 Earnings and Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of 600% and 7.96%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/27/2022
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Oil Stocks: Will Oil Rig Leaders' Earnings Show Oil Production Increasing?
- Oil stocks have led the market's upside throughout 2022 despite little progress in oil production. This week's reports could show more oil is coming.
- 07/27/2022
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Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
- HOUSTON, TX / ACCESSWIRE / July 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, July 28, 2022, at 9:00 a.m.
- 07/06/2022
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Patterson-UTI (PTEN) Moves 8.4% Higher: Will This Strength Last?
- Patterson-UTI (PTEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 06/27/2022
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Patterson-UTI Energy to Present at the J.P. Morgan 2022 Energy, Power & Renewables Conference
- HOUSTON, TX / ACCESSWIRE / June 15, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that the Company will participate in the J.P.
- 06/15/2022
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7 Small-Cap Stocks to Buy for Big Results
- Small-cap stocks should outperform with supply chain changes. Here are some stocks to buy with good fundamentals.
- 06/12/2022
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Patterson-UTI (PTEN) Is Up 25.38% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 06/03/2022
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This is Why Patterson-UTI (PTEN) Holds Substantial Upside
- Soaring energy prices and strong contarct drilling activity is actually going to help Patterson-UTI Energy (PTEN) stock over the next several quarters.
- 06/03/2022
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5 Growth Stocks to Buy Now
- EPS estimates are generally a strong indication of future growth. That's just one part of finding reliable growth stocks.
- 05/27/2022
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Patterson-UTI (PTEN) Up 11.8% Since Last Earnings Report: Can It Continue?
- Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
- 05/27/2022
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Patterson-UTI (PTEN) Just Overtook the 20-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 05/24/2022
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Patterson-UTI (PTEN) Just Reclaimed the 50-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 50-Day simple moving average?
- 05/24/2022
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Are Energy Investors Overlooking These 4 Oil & Gas Drilling Stocks?
- Fundamentally, the Zacks Oil and Gas - Drilling industry is in good shape this year as contract activity is on the upside. The sharp increase in oil and gas prices has created a healthy landscape for drilling contractors like HP, PTEN, RIG and NBR.
- 05/20/2022
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Patterson-UTI (PTEN) Just Overtook the 20-Day Moving Average
- Is it a good or bad thing when a stock surpasses resistance at the 20-day simple moving average?
- 05/04/2022
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Patterson-UTI Energy's (PTEN) CEO Andy Hendricks on Q1 2022 Results - Earnings Call Transcript
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Mike Drickamer – Vice President, Investor Relations Andy Hendricks – Chief Executive Officer Andy Smith – Chief Financial Officer Conference Call Participants Connor Lynagh – Morgan Stanley Don Crist – Johnson Rice Ian Macpherson – Piper Sandler Taylor Zurcher – Tudor, Pickering and Holt John Daniel – Daniel Energy Partners Operator Please standby. We are about to begin.
- 04/28/2022
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Patterson-UTI (PTEN) Reports Q1 Loss, Lags Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of 38.10% and 0.05%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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3 Onshore Stocks Set to Outperform in 2022
- These onshore drilling companies should benefit given their technologically advanced rig base and standing in the industry. The post 3 Onshore Stocks Set to Outperform in 2022 appeared first on InvestorPlace.
- 04/26/2022
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Patterson-UTI (PTEN) Is Up 8.67% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/25/2022
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SLYV: Diversified Small Cap Value Fund
- SLYV: Diversified Small Cap Value Fund
- 04/11/2022
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Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
- HOUSTON , TX / ACCESSWIRE / April 4, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, April 28, 2022, at 9:00 a.m.
- 04/04/2022
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Patterson-UTI (PTEN) Is Up 6.69% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 03/21/2022
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Is Patterson-UTI (PTEN) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how Patterson-UTI (PTEN) and Solaris Oilfield Infrastructure, Inc. (SOI) have performed compared to their sector so far this year.
- 03/18/2022
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Patterson-UTI (PTEN) Invests in Geothermal Energy Firm
- Patterson-UTI (PTEN) takes a gamble on geothermal energy as it invests in Criterion Energy, a geothermal energy development company.
- 03/15/2022
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Patterson-UTI (PTEN) Q4 Loss Wider Than Expected, Stock Up
- In good news for investors, Patterson-UTI (PTEN) raises its quarterly dividend by 100% to 4 cents per share (or 16 cents per share annualized).
- 02/21/2022
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Patterson-UTI Energy: This Contract Driller Deserves Another Look
- Oilfield services company Patterson-UTI supplies pressure pumping and contract drilling services. PTEN's market capitalization is $2.8 billion compared to $1.3 billion ten months ago, and it pays a 1.2% dividend.
- 02/21/2022
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Patterson-UTI Energy: Rig Upgrade Enhances Value
- Patterson-UTI Energy: Rig Upgrade Enhances Value
- 02/18/2022
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What Makes Patterson-UTI (PTEN) a Strong Momentum Stock: Buy Now?
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/15/2022
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3 Best Stocks to Buy Right Away for Earnings Acceleration
- Invest in Theravance Biopharma (TBPH), PattersonUTI Energy (PTEN) & Select Energy Services (WTTR) at the moment for superb earnings acceleration.
- 02/10/2022
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Patterson-UTI (PTEN) Reports Q4 Loss, Tops Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of -8.57% and 5.63%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/10/2022
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Patterson-UTI (PTEN) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
- Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2022
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Kahn Brothers' Top-Performing Stocks of 2021
- According to current portfolio statistics, a Premium feature of GuruFocus, the top-performing stocks in Kahn Brothers (Trades, Portfolio)' portfolio during 2021 included IDT Corp. ( IDT , Financial), MBIA Inc. ( MBI , Financial), Patterson-UTI Energy Inc. ( PTEN , Financial), Assured Guaranty Ltd. ( AGO , Financial) and Pfizer Inc. ( PFE , Financial).
- 01/26/2022
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Here's Why Momentum Investors Will Love Patterson-UTI (PTEN)
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/21/2022
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These 4 Oil & Gas Drilling Stocks Are Worth a Closer Look
- An increase in contracting activity and supportive dynamics should help the Zacks Oil and Gas - Drilling industry operators like Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN) and Nabors Industries (NBR) enjoy some upside momentum.
- 01/18/2022
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4 Stocks to Buy for Stellar Earnings Acceleration
- Invest in Eldorado Gold (EGO), PattersonUTI Energy (PTEN), UBS & Park Hotels & Resorts (PK) on their superb earnings acceleration.
- 01/11/2022
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5 Very Well-Known Stocks to Buy Under $10 With Serious Upside Potential
- While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.
- 12/18/2021
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Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
- HOUSTON, Dec. 17, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, February 10, 2022, at 9:00 a.m.
- 12/17/2021
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Patterson-UTI (PTEN) Suffers Loss in Q3, Beats on Sales
- In third-quarter 2021, Patterson-UTI (PTEN) spends $34.3 million on capital programs compared with $13.4 million invested a year ago.
- 11/03/2021
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Patterson-UTI (PTEN) Reports Q3 Loss, Tops Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of 0.00% and 0.56%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2021
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How to Find Cheap Stocks Under $10 to Buy for November
- Given this backdrop, investors likely want to consider adding stocks as we head into November. Today, we utilized our Zacks screener to find highly-ranked stocks trading for under $10 a share to consider amid the current market resurgence.
- 10/26/2021
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Pioneer Energy Services Announces the Accelerated Mandatory Conversion of 5.00% Convertible Senior Unsecured PIK Notes Due 2025
- HOUSTON, Oct. 8, 2021 /PRNewswire/ -- Pioneer Energy Services LLC (the "Company" or "Pioneer"), the successor to Pioneer Energy Services Corp. ("PES") and a wholly owned subsidiary of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) ("Patterson-UTI"), today announced the accelerated mandatory conversion of all outstanding principal amount of its 5.00% Convertible Senior Unsecured PIK Notes Due 2025 (the "Convertible Notes"). The previously announced consummation of the acquisition by Patterson-UTI of PES on October 1, 2021 constituted a Share Exchange Event under the terms of the Convertible Notes Indenture, dated May 29, 2020.
- 10/08/2021
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Patterson-UTI (PTEN) Is Up 9.51% in One Week: What You Should Know
- Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/07/2021
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Patterson-UTI Reports Drilling Activity for September 2021
- HOUSTON, Oct. 5, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2021, the Company had an average of 83 drilling rigs operating.
- 10/05/2021
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Patterson-UTI Completes Acquisition of Pioneer Energy Services
- HOUSTON, Oct. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it has closed its previously announced acquisition of Pioneer Energy Services Corp. Total consideration for the acquisition included the issuance of approximately 26.3 million shares of Patterson-UTI common stock and payment of $30 million of cash, which based on the most recent closing price for Patterson-UTI of $9.44 valued the transaction at approximately $278 million, including the retirement of all Pioneer Energy Services' debt.
- 10/04/2021
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Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
- HOUSTON, Sept. 24, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
- 09/24/2021
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Why Investors Should Focus on These 4 Oil & Gas Drilling Stocks
- Sound cost control and stronger operating efficiencies should enable the Zacks Oil and Gas - Drilling industry operators like Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN) and Nabors Industries (NBR) navigate the challenging times with relative ease.
- 09/07/2021
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Patterson-UTI Reports Drilling Activity for August 2021
- HOUSTON, Sept. 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
- 09/03/2021
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Patterson-UTI (PTEN) Stock Down 9.4% Since Q2 Earnings Release
- In second-quarter 2021, Patterson-UTI (PTEN) spends $38.1 million on capital programs compared with $49.7 million invested a year ago.
- 08/10/2021
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Patterson-UTI Energy: The Pending Pioneer Acquisition Can Boost Growth
- A higher drilling rig count will add to PTEN's top line in Q3.
- 08/10/2021
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Patterson-UTI Reports Drilling Activity for July 2021
- HOUSTON, Aug. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2021, the Company had an average of 78 drilling rigs operating.
- 08/04/2021
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Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q2 2021 Results - Earnings Call Transcript
- Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q2 2021 Results - Earnings Call Transcript
- 07/29/2021
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Patterson-UTI (PTEN) Reports Q2 Loss, Lags Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of -3.85% and -1.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2021
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Patterson-UTI Energy Reports Financial Results for the Three and Six Months Ended June 30, 2021
- HOUSTON, July 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2021.
- 07/29/2021
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Patterson-UTI (PTEN) Inks Acquisition Deal With Pioneer Energy
- With the Pioneer buyout, Patterson-UTI (PTEN) will own 166 super-spec rigs in the United States with nearly half the specimens being outfitted with alternative power sources to curb toxic emissions.
- 07/07/2021
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Patterson-UTI Energy Announces Agreement to Acquire Pioneer Energy Services
- HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services' debt.
- 07/06/2021
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Patterson-UTI Reports Drilling Activity for June 2021
- HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2021, the Company had an average of 75 drilling rigs operating.
- 07/06/2021
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Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
- HOUSTON, June 28, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 29, 2021, at 9:00 a.m.
- 06/28/2021
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Accenture, Carvana, Five Below, Plug Power and More Wednesday Afternoon Analyst Research Calls
- Stocks are mixed halfway through the Wednesday trading session as investors considered conflicting comments from Federal Reserve officials recently regarding continued loose monetary policy.
- 06/23/2021
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Patterson-UTI CEO Andy Hendricks on oil rig operations over the past year
- Andy Hendricks, CEO of oil rig operator Patterson-UTI, joins Worldwide Exchange to discuss his company's operations during the pandemic, energy demand, and more.
- 06/11/2021
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Patterson-UTI (PTEN) Moves 10.9% Higher: Will This Strength Last?
- Patterson-UTI (PTEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 06/03/2021
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Patterson-UTI Reports Drilling Activity for May 2021
- HOUSTON, June 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2021, the Company had an average of 72 drilling rigs operating.
- 06/03/2021
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Best Energy ETFs & Stocks of Last Week
- We have highlighted five ETFs & stocks that were at the forefront of the energy sector rally last week.
- 05/10/2021
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Patterson-UTI Reports Drilling Activity for April 2021
- HOUSTON, May 5, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of April 2021, the Company had an average of 72 drilling rigs operating.
- 05/05/2021
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4 Stocks From the Oil & Gas Drilling Industry to Watch Out For
- 4 Stocks From the Oil & Gas Drilling Industry to Watch Out For
- 05/03/2021
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Patterson-UTI Energy, Inc.'s (PTEN) CEO Andy Hendricks on Q1 2021 Results - Earnings Call Transcript
- Patterson-UTI Energy, Inc.'s (PTEN) CEO Andy Hendricks on Q1 2021 Results - Earnings Call Transcript
- 04/29/2021
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Patterson-UTI (PTEN) Reports Q1 Loss, Tops Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of -1.79% and 0.77%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/29/2021
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Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021
- HOUSTON, April 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2021.
- 04/29/2021
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Patterson-UTI Reports Drilling Activity for March 2021
- HOUSTON, April 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of March 2021, the Company had an average of 70 drilling rigs operating.
- 04/06/2021
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Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
- HOUSTON, March 30, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, April 29, 2021, at 9:00 a.m.
- 03/30/2021
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Patterson-UTI Publishes Corporate Sustainability Report
- HOUSTON, March 25, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN), a leading provider of contract drilling, pressure pumping and other oilfield services, announced that it has released its sustainability report for the fiscal year 2020, which highlights the Company's industry leadership in using alternative fuels to reduce emissions at the well site.
- 03/25/2021
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Patterson-UTI Reports Drilling Activity for February 2021
- HOUSTON, March 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2021, the Company had an average of 69 drilling rigs operating. For the two months ended February 28, 2021, the Company had an average of 68 drilling rigs...
- 03/03/2021
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Patterson-UTI (PTEN) Posts Narrower-than-Expected Q4 Loss
- Patterson-UTI's (PTEN) capital expenditure decreases to $10.4 million in Q4 from $64 million in the fourth quarter of 2019.
- 02/08/2021
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Patterson-UTI Energy's (PTEN) CEO Andy Hendricks on Q4 2020 Results - Earnings Call Transcript
- Patterson-UTI Energy's (PTEN) CEO Andy Hendricks on Q4 2020 Results - Earnings Call Transcript
- 02/04/2021
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Why Patterson-UTI Energy's Shares Plunged 11.4% on Thursday
- Losses are mounting in the energy industry.
- 02/04/2021
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Patterson-UTI (PTEN) Reports Q4 Loss, Tops Revenue Estimates
- Patterson-UTI (PTEN) delivered earnings and revenue surprises of 8.06% and 0.54%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/04/2021
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Recap: Patterson-UTI Energy Q4 Earnings
- Shares of Patterson-UTI Energy (NASDAQ:PTEN) moved higher by 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 29.55% over the past year to ($0.57), which beat the estimate of ($0.62).
- 02/04/2021
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Should You Buy Patterson-UTI Energy (PTEN) Ahead of Earnings?
- Patterson-UTI Energy (PTEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/03/2021
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Things You Must Consider Before NOV Reports Q4 Earnings
- NOV Inc. (NOV) beat the Zacks Consensus Estimate in three of the last four quarters and missed in the other, delivering an earnings surprise of 36.63%, on average.
- 02/01/2021
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Why Oceaneering Intl., GasLog, Occidental, and Patterson-UTI Energy All Rallied Strongly Today
- It looks like there's been a major shift in investor sentiment. There's the easy story and the longer one.
- 01/14/2021
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Patterson-UTI Reports Drilling Activity for December 2020
- HOUSTON, Jan. 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020, the Company had an average of 64 drilling rigs operating. For the three months ended December 31, 2020, the Company had an average of 62 drilling rigs...
- 01/06/2021
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4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil
- 4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil
- 12/22/2020
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7 Small-Cap Stocks That Look Set for Robust Returns in the Coming Year
- Small-cap stocks can be value creators in 2021. Here are seven with strong fundamentals and positive industry tailwinds.
- 12/16/2020
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Patterson-UTI Reports Drilling Activity for November 2020
- HOUSTON, Dec. 3, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2020, the Company had an average of 61 drilling rigs operating. For the two months ended November 30, 2020, the Company had an average of 61 drilling rigs...
- 12/03/2020
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Why Kosmos Energy, Callon Petroleum, Occidental Petroleum, and Patterson-UTI Energy All Rallied Strongly Today
- It was a big day for a lot of very different energy companies. Here's a quick look at why investors bid this group higher.
- 11/23/2020
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Patterson-UTI Reports Drilling Activity for October 2020
- HOUSTON, Nov. 4, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2020, the Company had an average of 61 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the...
- 11/04/2020
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How The 2020 Presidential Election Could Impact Energy Stocks
- Democratic presidential nominee Joe Biden and incumbent Republican President Donald Trump have very different stances on the energy sector. Biden favors clean energy and a shift to renewables, while Trump has voiced support for the fossil fuel industry and the jobs it provides.
- 10/29/2020
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