Paterson-Uti Energy PTEN shares were trading lower on Thursday after the company reported fourth-quarter results. While the company beat estimates, EPS and sales fell year over year.
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.
Patterson-UTI Energy shares were trading down 9.94% at $6.02. The stock has a 52-week high of $8.52 and low of $1.61.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
