Patterson-UTI (PTEN) Up 4.9% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]
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: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Patterson-UTI due for a pullback? 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 drivers. Patterson-UTI Energy reported third-quarter 2024 breakeven earnings per share, which missed the Zacks Consensus Estimate of a cent. The bottom line declined from the year-ago quarter's level of 20 cents. This year-over-year deterioration was mainly due to poor contribution from the Drilling Services, Completion Services and Other Services segments. Total revenues of $1357 million beat the Zacks Consensus Estimate of $1289 million. The top line also increased 34.2% year over year. This outperformance can be attributed to Completion Services segment's increased year-over-year revenue contribution. In the quarter, the company recorded Adjusted EBITDA of $275 million, excluding
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PTEN
News
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $10.00 price target on the stock, down previously from $11.00.MarketBeat
- Patterson-UTI Reports Drilling Activity for November 2024Accesswire
- 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
PTEN
Earnings
- 10/23/24 - Miss
PTEN
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 144
- 11/8/24 - Form SC
- PTEN's page on the SEC website