Patterson-UTI Energy: Q1 Earnings Insights

Shares of Patterson-UTI Energy PTEN rose 8.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 221.43% over the past year to ($0.45), which beat the estimate of ($0.47).

Revenue of $445,927,000 less by 36.67% year over year, which beat the estimate of $443,360,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Apr 23, 2020

Time: 08:04 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpatenergy.com%2Finvestors%2Fevents%2Fdefault.aspx&eventid=2157460&sessionid=1&key=583171E4F6FDF39B9FEDB2A92BC57501&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $16.27

52-week low: $1.61

Price action over last quarter: down 66.12%

Company Description

Patterson-UTI Energy is one of the largest North America-based land rig drilling contractors. Its fleet consists of about 315 land rigs, which it markets to independents and small producers. The firm also operates a pressure pumping division and owns a small financial interest in oil and gas exploration and production assets in Texas and New Mexico.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...