Patterson-UTI Energy Has Bottomed Out [Seeking Alpha]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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patenergy.com
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Source: Seeking Alpha
SummaryStrong balance sheet with ample liquidity to navigate the crisis.Even with stressed EBITDA, debt servicing likely to remain smooth.Expect a relatively higher oil price in the second half of 2020 on production cuts.Article OverviewIt’s a well-known fact that stocks bottom out well before the economy does. Similarly, stocks in a particular industry also bottom out before the worst is over for the industry.Waiting for an industry turnaround does not give investors the best value in terms of the price at which a stock is purchased. By the time there is a turnaround for the industry, the stock is already higher or meaningfully higher from its lows.I believe thatPatterson-UTI EnergyPTENI do agree that the U.S. shale industry is going through one of the most challenging times, but I do see value in a fundamentally strong Patterson-UTI Energy at current levels.This article will discuss the concerns, possible positives and the company’s fundamentals. The key conclusion is that some expo
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PTEN
News
- Patterson-UTI Reports Drilling Activity for October 2024 [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Reports Drilling Activity for October 2024Accesswire
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Citigroup Inc. from $11.00 to $10.00. They now have a "buy" rating on the stock.MarketBeat
- Patterson-UTI Energy (NASDAQ:PTEN) Is Paying Out A Dividend Of $0.08 [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Raymond James from $12.00 to $11.00. They now have a "strong-buy" rating on the stock.MarketBeat
PTEN
Earnings
- 10/23/24 - Miss
PTEN
Sec Filings
- 11/8/24 - Form SC
- 10/28/24 - Form 10-Q
- 10/24/24 - Form 8-K
- PTEN's page on the SEC website