PTEN earnings call for the period ending March 31, 2019.
News & Analysis: Patterson-UTI Energy
Patterson-UTI Energy's business has been posting losses for more than three years, and management thinks the first half of 2019 could continue to be just as difficult.
PTEN earnings call for the period ending December 31, 2018.
Even though Patterson-UTI Energy provides two must-have services for North America's shale revolution, it keeps on posting losses.
PTEN earnings call for the period ending September 30, 2018.
The drilling contractor impressed investors.
Oil prices are on the rise and lifting the prospects of the entire industry, but shares of U.S. Silica Holdings, NextDecade, and Patterson-UTI Energy are down 25% in 2018.
Higher revenue from drilling activity and another quarter of respectable results from pressure pumping cut Patterson-UTI's losses to a fraction of what they were a year ago.
When you take a closer look at the oil and gas drilling-services sector, the best dividend stock becomes obvious pretty quickly.
Its two business segments are running in opposite directions right now, which makes investing in the business as a whole a challenging question.