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Patterson-UTI Energy Inc

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$5.55

0.08 (1.55%)

Live

Previous Close

$5.47

Day Range

$5.36 - $5.575

Previous Day Range

$5.42 - $5.61

Market Cap

$2.1 billion USD

Day Vol.

5.7 million

Previous Day Vol.

7.7 million

Currency

USD

Primary Exchange

Nasdaq

Patterson-UTI Energy Inc is one of the substantial land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American ...

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Recent News

Lekha Gupta - SLB, ADNOC Drilling, Patterson-UTI Join Forces To Accelerate UAE's Unconventional Oil Program

Schlumberger, ADNOC Drilling, and Patterson-UTI have formed a joint venture to accelerate the UAE's unconventional oil and gas program, with a target of completing 144 wells by 2025.

Related tickers: SLB, PTEN, OIH, IEZ.

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N/A - Patterson-UTI (PTEN) Q2 Earnings Fall Y/Y, Sales Lag Estimates

Patterson-UTI Energy reported lower Q2 2024 earnings compared to the prior year due to weaker performance in its Drilling Services segment. The company's Completion Services segment saw strong revenue growth, but missed expectations. Patterson-UTI Energy returned $164 million to shareholders in Q2 and has $819 million remaining in its share repurchase authorization.

Related tickers: PTEN, LBRT, HAL, EP, EPpC, KMI.

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