Patterson-UTI (PTEN) Down 0.1% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]
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Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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US:NASDAQ Investor Relations:
patenergy.com
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Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Patterson-UTI due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Patterson-UTI Q1 Earnings & Sales Beat Patterson-UTI Energy reported first-quarter 2024 adjusted net profit of 15 cents per share, which beat the Zacks Consensus Estimate of 13 cents. This can be attributed to the impressive performance of the Completion Services segment. However, the bottom line declined from the year-ago quarter's level of 46 cents. This year-over-year deterioration was due to poor contribution from the Other Operations segment. Total revenues of $1510.4 million marginally beat the Zacks Consensus Estimate of $1,508 million. The top line also improved 90.7% year over year.This outperformance can be attributed to PTEN's improved revenue contribution from
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PTEN
News
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Patterson-UTI Reports Drilling Activity for May 2024Accesswire
- Shareholders Will Probably Not Have Any Issues With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) CEO Compensation [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
PTEN
Earnings
- 5/2/24 - Beat
PTEN
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 144
- 6/6/24 - Form 8-K
- PTEN's page on the SEC website