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PTEN

Patterson-UTI Energy, Inc.

6/20/2013, 6:46 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, April 25, 6:09 AM Patterson-UTI (PTEN): Q1 EPS of $0.38 beats by $0.02. Revenue of $667M beats by $10.84M. (PR) Comment! [Earnings, Breaking News]
Thursday, February 7, 3:49 PM "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." Comment! [Energy, On the Move]
Thursday, February 7, 10:31 AM 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. Comment! [Energy, Earnings, On the Move]
Thursday, February 7, 6:06 AM Patterson-UTI (PTEN): Q4 EPS of $0.40 beats by $0.12. Revenue of $653M beats by $53.66M. (PR) Comment! [Earnings, Breaking News]
Thursday, February 7, 12:05 AM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL Comment! [Earnings]
Wednesday, February 6, 5:30 PM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL 1 Comment [Earnings]
Thursday, January 17, 3:44 PM The oil services sector (OIH) may have turned the corner on the way to gains in 2013, Deutsche Bank says in raising price targets on several stocks. Baker Hughes (BHI) is the firm's top pick, with significant leverage to both the U.S. onshore and Gulf of Mexico recovery; Halliburton (HAL) is another preferred large-cap. Nabors (NBR) is the favorite mid-cap, and Hercules (HERO) the top small-cap play. 2 Comments [Energy, Quick Ideas]
Tuesday, December 4, 2012, 11:19 AM Patterson-UTI Energy (PTEN +1.9%) reports it had an average of 206 drilling rigs operating, including 198 rigs in the U.S. and eight in Canada, during November. PTEN says it intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month. Comment! [Energy, On the Move]
Tuesday, November 20, 2012, 10:21 AM Dahlman Rose forecasts an 11% jump in North American exploration and production revenue next year thanks to recovering natural gas prices, translating into higher profits for some smaller drillers and services companies. Among U.S. land drillers, the firm has Buy ratings on HP, NBR, PDS and PTEN; it also upgrades oilfield services names [[BAS, CJES and NR to Buy. Comment! [Energy, Quick Ideas]
Thursday, October 25, 2012, 6:17 AM Patterson-UTI Energy (PTEN): Q3 EPS of $0.33 misses by $0.05. Revenue of $643.6M (-4.4% Y/Y) in-line. Shares (PR) Comment! [Earnings, Energy]
Thursday, October 25, 2012, 12:05 AM Notable earnings before Thursday’s open: ABB, AET, AUO, AVT, AZN, BEN, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP, PDS, PG, PHM, POT, PTEN, RCL, ROC, RTN, RYN, S, SHW, SPG, SWI, TKR, TSM, TZOO, UA, UAL, VLY, VPHM, XEL, ZMH Comment! [Earnings]
Wednesday, October 24, 2012, 5:30 PM Notable earnings before Thursday’s open: ABB, AET, AUO, AVT, AZN, BEN, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP, PDS, PG, PHM, POT, PTEN, RCL, ROC, RTN, RYN, S, SHW, SPG, SWI, TKR, TSM, TZOO, UA, UAL, VLY, VPHM, XEL, ZMH 1 Comment [Earnings]
Friday, September 21, 2012, 5:11 PM Patterson-UTI (PTEN) appoints CFO Andy Hendricks as CEO of the owner and operator of land-based drilling rig fleets, replacing retiring Douglas Wall effective Oct. 1. Comment! [Energy]
Friday, September 21, 2012, 3:56 PM Patterson-UTI Energy (PTEN +0.9%) moves up in spite of a downgrade to Neutral on valuation at Capital One. The firm cites concern over weakening North American rig count forecasts. Comment! [Energy]
Friday, September 7, 2012, 8:53 AM Patterson-UTI Energy (PTEN) +2.3% premarket after BMO Capital raises its rating on the stock two notches to Outperform with a $20 price target, up from $15. The land drilling contractor reports an average of 215 rigs operating during August, including 210 rigs in the U.S. and five in Canada. Comment! [Energy, Quick Ideas, On the Move]
Thursday, July 26, 2012, 6:36 AM Patterson-UTI (PTEN): Q2 EPS of $0.6 beats by $0.16. Revenue of $681M (+13.5% Y/Y) beats by $13.39M. (PR) Comment! [Earnings, Energy]