Patterson-UTI Drills Into Middle East With ADNOC Partnership
Patterson-UTI subsidiary inks term sheet with ADNOC Drilling for minority equity interest in newly formed Turnwell Industries.
Analyst Expectations For Patterson-UTI Energy’s Future
During the last three months, 7 analysts shared their evaluations of Patterson-UTI Energy (NASDAQ:PTEN), revealing diverse outlooks from…
Patterson-UTI Energy Says For Q2, Drilling Products Results Are Expected To Be Relatively In Line With Q1 And Adjusted Gross Profit Is Expected To Be Roughly Flat With Q1
Outlook
We see steady drilling and completion activity in oil basins, with the expectation that a few operators may add drilling rigs later this year based on current oil prices. Our activity in natural gas basins has
Assessing Patterson-UTI Energy: Insights From 4 Financial Analysts
Across the recent three months, 4 analysts have shared their insights on Patterson-UTI Energy (NASDAQ:PTEN), expressing a variety…
A Glimpse Into The Expert Outlook On Patterson-UTI Energy Through 4 Analysts
Analysts’ ratings for Patterson-UTI Energy (NASDAQ:PTEN) over the last quarter vary from bullish to bearish, as provided by…
Raymond James Maintains Strong Buy Rating for Patterson-UTI Energy: Here’s What You Need To Know
Raymond James has decided to maintain its Strong Buy rating of Patterson-UTI Energy (NASDAQ:PTEN) and lower its price…
Why Herbalife Shares Are Trading Lower By Around 36%? Here Are Other Stocks Moving In Thursday’s Mid-Day Session
Shares of Herbalife Ltd. (NYSE: HLF) fell sharply in today’s session following weak quarterly earnings.
Reliance Steel & Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday
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Patterson-UTI Energy Says For Q1, Drilling Products Revenue Is Expected To Be ~$90M, With $50M In Direct Operating Costs And An Adjusted Gross Profit Of $40M
OutlookAt current commodity prices, we expect oil basin activity to remain relatively steady throughout the year. Activity in natural gas basins could see an impact from current low natural gas prices.In the
Earnings Scheduled For February 14, 2024
Companies Reporting Before The Bell
• Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.