Patterson-UTI Energy (NASDAQ: PTEN)
Patterson-UTI Energy Return vs. S&P
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Patterson-UTI Energy Company Info
Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to oil and natural gas operators in the United States and Colombia. The Pressure Pumping Services segment offers pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment consists of downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.
News & Analysis
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Earnings Summary on Patterson-UTI Energy
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Why Patterson-UTI Energy's Shares Plunged 11.4% on Thursday
Losses are mounting in the energy industry.
3 Oil Companies That Could Go Bankrupt in 2020
Low crude prices and soft demand have crushed the bottom lines of these energy industry service providers.
The Oil Industry's 2021 Outlook Looks Bleak
The demand recovery seems to have stalled out.
Why Patterson-UTI Energy Stock Jumped as Much as 13% on July 23
Investors reacted positively to a pretty rough earnings number, likely taking a "it could have been worse" stance.
Why Nabors Industries, Patterson-UTI, and Borr Drilling All Fell Sharply Today
Anything related to oil was hard hit today. Here's why the lumps these energy services providers took could linger.
Valuation
Earnings Transcripts
Patterson-UTI Energy Inc (PTEN) Q3 2021 Earnings Call Transcript
PTEN earnings call for the period ending September 30, 2021.
Patterson-UTI Energy Inc (PTEN) Q2 2021 Earnings Call Transcript
PTEN earnings call for the period ending June 30, 2021.
Patterson-UTI Energy Inc (PTEN) Q1 2021 Earnings Call Transcript
PTEN earnings call for the period ending March 31, 2021.
Patterson-UTI Energy Inc (PTEN) Q4 2020 Earnings Call Transcript
PTEN earnings call for the period ending December 31, 2020.
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