Shares of Patterson-UTI Energy PTEN rose 8.7% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share fell 221.43% over the past year to ($0.45), which beat the estimate of ($0.47).
Revenue of $445,927,000 less by 36.67% year over year, which beat the estimate of $443,360,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Apr 23, 2020
Time: 08:04 PM ET
Recent Stock Performance
Company's 52-week high was at $16.27
52-week low: $1.61
Price action over last quarter: down 66.12%
Company Description
Patterson-UTI Energy is one of the largest North America-based land rig drilling contractors. Its fleet consists of about 315 land rigs, which it markets to independents and small producers. The firm also operates a pressure pumping division and owns a small financial interest in oil and gas exploration and production assets in Texas and New Mexico.
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