Skip to main content

Market Overview

Recap: Patterson-UTI Energy Q4 Earnings

Share:

 

Shares of Patterson-UTI Energy (NASDAQ:PTEN) moved higher by 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 29.55% over the past year to ($0.57), which beat the estimate of ($0.62).

Revenue of $220,801,000 decreased by 55.15% year over year, which beat the estimate of $218,120,000.

Looking Ahead

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

Patterson-UTI Energy hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Feb 04, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpatenergy.com%2F&eventid=2948101&sessionid=1&key=72B397DB9A8CD24BDBB52E6911FD31D2&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $8.52

Company's 52-week low was at $1.61

Price action over last quarter: Up 131.83%

Company Profile

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.

 

Related Articles (PTEN)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
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