Market Overview

Patterson-Uti Energy Shares Higher On Pressure Pumping Divestment Update

Share:
Patterson-Uti Energy Shares Higher On Pressure Pumping Divestment Update

Paterson-Uti Energy (NASDAQ: PTEN) shares are trading higher after Reuters reports the company is exploring the divestment of its press pumping unit.

Patterson-UTI Energy is an oil well drilling contractor based in Houston, Texas. In addition to contract drilling, the company also provides pressure pumping directional drilling services.

Patterson-Uti Energy shares traded up 6% at $10.92 at time of publication. The stock has a 52-week high of $19.29 and a 52-week low of $9.49.

Related Links:

As Oil Prices Jump, Energy Shares Help Fuel Market Rally

Serinus Energy PLC Announces Issuance of Stock Options

Posted-In: News Rumors Commodities Markets

 

Related Articles (PTEN)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Options Traders Make Aggressive Bearish Bets On Near-Term Casino Stock Weakness

Will Testing Potential Employees For Marijuana Become A Thing Of The Past?