Patterson-UTI Energy Reports Financial Results for Three and Six Months Ended June 30, 2015
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Global Hunter Securities Downgrades Patterson-UTI Energy (PTEN) to Accumulate
July 27, 2015 10:37 AM EDTGlobal Hunter Securities downgraded Patterson-UTI Energy (NASDAQ: PTEN) from Buy to Accumulate with a price target of $18.00 (from $27.00).
Analyst Mark Brown commented, "We are lowering our rating to Accumulate from Buy due to the more uncertain E&P spending outlook that... More
Cowen Cuts Price Target to $22 on Patterson-UTI Energy (PTEN) Following 2Q15
July 24, 2015 9:25 AM EDTCowen maintained an Outperform rating on Patterson-UTI Energy (NASDAQ: PTEN), and cut the price target to $22.00 (from $26.00), following 2Q15. Analyst Marci Bianchi believes PTEN will be among the first to benefit in a market upturn.
Bianchi commented, "Impressive cost management in pressure pumping drove ~1,100bps outperformance compared to guidance. While these margins are... More
Patterson-UTI Energy (PTEN) Tops Q2 EPS by 14c
July 23, 2015 6:06 AM EDTPatterson-UTI Energy (NASDAQ: PTEN) reported Q2 EPS of ($0.13), $0.14 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $473 million versus the consensus estimate of $448.31 million.
For earnings history and earnings-related data on Patterson-UTI Energy (PTEN) click here.
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