Analysts Have Lowered Expectations For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) After Its Latest Results [Yahoo! Finance News]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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Source: Yahoo! Finance News
The investors inPatterson-UTI Energy, Inc.NASDAQ:PTENSee our latest analysis for Patterson-UTI EnergyGS:PTEN Past and Future Earnings April 27th 2020Taking into account the latest results, the 21 analysts covering Patterson-UTI Energy provided consensus estimates of US$1.04b revenue in 2020, which would reflect a painful 53% decline on its sales over the past 12 months. Losses are expected to hold steady at around US$4.19. Before this latest report, the consensus had been expecting revenues of US$1.31b and US$2.28 per share in losses. There's been a definite change in sentiment in this update, with the analysts administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts.There was no major change to the consensus price target of US$2.98, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. It could also be instructive to look at the range of analyst es
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News
- Those who invested in Patterson-UTI Energy (NASDAQ:PTEN) three years ago are up 78% [Yahoo! Finance]Yahoo! Finance
- Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Bank of America Co. from $14.50 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- Patterson-UTI Energy Announces First Quarter Earnings Conference Call and WebcastAccesswire
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $16.00 price target on the stock.MarketBeat
PTEN
Earnings
- 2/14/24 - Beat
PTEN
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- PTEN's page on the SEC website