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0.00025179403248138 -0.000692433589324019 -0.00264383734105512 -0.00125897016240726 -0.00125897016240726 -0.00125897016240726 -0.00125897016240726 -0.00125897016240726
Stock impact report

Patterson-UTI: A Return To Drilling Signals Buy [Seeking Alpha]

Nabors Industries Ltd. (NBR) 
Last nabors industries ltd. earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.nabors.com
Company Research Source: Seeking Alpha
PTEN combines drilling and completions, leverages advanced technology, and maintains strong margins and free cash flow despite recent sector headwinds. Capacity exists to quickly redeploy rigs as oil prices stabilize in the $70–$80s, with management committed to returning at least 50% of adjusted free cash flow to shareholders. I see PTEN as a buy under $10, expecting multiple expansion and price targets in the mid-teens if bullish oil scenarios materialize. Looking for a portfolio of ideas like this one? Members of The Daily Drilling Report get exclusive access to our subscriber-only portfolios. Learn More » Oh you want a rig, hunh? We'll see about that! Get in line! IL21/iStock via Getty Images Introduction Patterson-UTI, ( PTEN ) has performed near top of the contract drilling sector in the first quarter, coming in second only to industry titan, Nabors Industries, ( NBR ) in Price Return. In late February I put a note in chat More on my IG service The Daily Drill Show less Read more
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