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Stock impact report

Patterson-UTI (PTEN) Stock Trades Up, Here Is Why [Yahoo! Finance]

Transocean Ltd (Switzerland) (RIG) 
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
Company Research Source: Yahoo! Finance
a peer company and broader strength in the energy sector lifted investor sentiment. The move came as Transocean Ltd., another oil and gas drilling company, announced it secured a five-well contract for its Deepwater Asgard rig. This new campaign was expected to add approximately $158 million to its backlog of future work. Good news for one company in the sector often suggests healthy demand for the entire industry. After the initial pop the shares cooled down to $10.18, up 2.6% from previous close. Is now the time to buy Patterson-UTI? Access our full analysis report here, it's free What Is The Market Telling Us Patterson-UTI's shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock dropped 6% on the news that renewed h Show less Read more
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