Patterson-UTI Energy (PTEN) trades at tight multiples relative to its assets and cash flows, presenting potential to unlock risk capital. Demand for PTEN's services is high due to increased oil and ga
Patterson-UTI (PTEN) and NexTier Oilfield Solutions complete their merger to create a leading U.S. drilling and completions provider.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
Patterson-UTI (PTEN) is set to benefit from Ulterra's drill bit technology and its cutting-edge data insights as a result of its Ulterra acquisition deal.
Patterson-UTI (PTEN) reduces capex to $485 million for second-half 2023, targeting $280 million for contract drilling, $140 million for pressure pumping and $20 million for directional drilling in Q3.
The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street est

Patterson-UTI (PTEN) Q2 Earnings Meet Estimates

07:56pm, Wednesday, 26'th Jul 2023
Patterson-UTI (PTEN) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.

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10:21am, Monday, 10'th Jul 2023
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The acquisition of Ulterra will expand Patterson-UTI's (PTEN) operational and technology portfolio, strengthening its market presence in drilling and completions.
HOUSTON, TX / ACCESSWIRE / June 29, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 27, 2023, at 9:00 a.m.
The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.
Patterson-UTI (PTEN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase
Shares of Patterson UTI Energy Inc. NASDAQ: PTEN and NexTier Oilfield Solutions NYSE: NEX were both trading higher on June 15 following news that the companies agreed to combine in a merger of equals.
Patterson-UTI Energy (NASDAQ:PTEN) and NexTier Oilfield Solutions have agreed to an all-stock merger, according to reports, creating a $5.4 billion oil services company.  The deal will see NexTier sh

Oilfield-Services Companies Hold Merger Talks

06:52pm, Monday, 12'th Jun 2023
NexTier Oilfield Solutions and Patterson-UTI Energy are discussing a deal that would create a bigger player in a consolidating industry.
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