Investors are hoping that Patterson-UTI Energy
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock -- 18 analysts rate it as a buy and only one rates it as a sell. On balance, analysts still rate the stock a Moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $587.1 million in revenue this quarter. That would represent a rise of 91.2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of 48 cents per share. Estimates range from 43 cents to 54 cents.
What our community says:
CAPS All Stars are solidly backing the stock with 96.8% giving it an "outperform" rating. The community at large agrees with the All Stars with 94.7% granting it a rating of "outperform." Fools are bullish on Patterson-UTI Energy and haven't been shy with their opinions lately, logging 333 posts in the past 30 days. Even with a robust four out of five stars, Patterson-UTI Energy's CAPS rating falls a little short of the community's upbeat outlook.
The company increased its gross margin by 5.1 percentage points in the last quarter. Revenue rose 108.9% while cost of sales rose 92.4% to $339.3 million from a year earlier.
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