"Congratulations on making all the other pressure pumpers look like dorks,” a Raymond James...

|By:, SA News Editor

"Congratulations on making all the other pressure pumpers look like dorks,” a Raymond James analyst tells Patterson-UTI (PTEN +10.3%) in the company's conference call after Q4 pumping results were "far better than expected," despite a tough year in the oil services industry in that space. PTEN's fracking activity also rose "as customers performed well completions that had been delayed in previous quarters."