Patterson-UTI (PTEN) Down 2% Since Last Earnings Report: Can It Rebound? [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 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 the most recent earnings report in order to get a better handle on the important catalysts. Patterson-UTI Q4 Earnings & Sales Beat Patterson-UTI Energy reported fourth-quarter 2023 adjusted net profit of 19 cents per share, which beat the Zacks Consensus Estimate of 18 cents. This outperformance can be attributed to the impressive performance of the Completion Services and Drilling Services segments. However, the bottom line declined from the year-ago quarter's level of 46 cents. This underperformance can be attributed to poor contribution from the Other Operations segment. Total revenues of $1.6 billion beat the Zacks Consensus Estimate of $1.5 billion. The top line also improved 100.9% on a year-over-year basis. This outperformance can be attributed to PTEN's
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PTEN
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