Cowen Cuts Price Target to $22 on Patterson-UTI Energy (PTEN) Following 2Q15
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Patterson-UTI Energy Reports Financial Results for Three and Six Months Ended June 30, 2015
July 23, 2015 6:00 AM EDTHOUSTON, July 23, 2015 /PRNewswire/ --Â PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2015. Â The Company reported a net loss of $19.0 million, or $0.13 per share, for the second quarter of 2015, compared to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014. Â Revenues for the second quarter of 2015 were $473 million, compared to $757 million for the second quarter of 2014.
For the six months ended June 30, 2015 the Company reported a net loss of $9.9 million, or $0.07 per share, compared to net income of $89.1... More
