Seeking Alpha

Patterson-UTI (PTEN +7%) hits a 52-week high, as Q4 earnings easily beat expectations and...

Patterson-UTI (PTEN +7%) hits a 52-week high, as Q4 earnings easily beat expectations and revenues exceeded estimates for the fourth straight quarter. At year-end 2012, PTEN says it had term contracts for drilling rigs worth $1.24B in dayrate revenues, with an average of 97 rigs on term contracts in the coming year; a higher-than-expected 205 rigs were active in Q4.

Check out Seeking Alpha’s new Earnings Center

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs