Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
Patterson-UTI Energy (PTEN) Tops Q4 EPS by 5c, Revenues Beat
February 4, 2021 6:15 AM ESTPatterson-UTI Energy (NASDAQ: PTEN) reported Q4 EPS of ($0.57), $0.05 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $220.8 million versus the consensus estimate of $218.12 million.
Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "Drilling and completion activity improved during the quarter, marking what we believe to be the beginning of a recovery. Based on our customer engagement, we are confident that activity levels will continue to improve. With increased confidence that a recovery has begun, we took advantage of our strong balance sheet by repurchasing a portion of our... More
