Patterson-UTI Energy (PTEN) PT Lowered to $25 at Deutsche Bank
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Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2017
February 8, 2018 6:00 AM ESTHOUSTON, Feb. 8, 2018 /PRNewswire/ --Â PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and twelve months ended December 31, 2017. Â The Company reported net income of $195 million, or $0.88 per share, for the fourth quarter of 2017, compared to a net loss of $78.1 million, or $0.53 per share, for the quarter ended December 31, 2016. Â Revenues for the fourth quarter of 2017 were $787 million, compared to $247 million for the fourth quarter of 2016.Â
For the year ended December 31, 2017, the Company reported net income of $5.9 million, or $0.03 per share, compared to a net loss of $319 million,... More
