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PattersonUTI Energy (PTEN)

(Delayed Data from NSDQ)

$9.67 USD

9.67
7,936,232

-0.54 (-5.29%)

Updated Aug 2, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth F Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 41% (103 out of 251)

Industry: Oil and Gas - Drilling

Better trading starts here.

Zacks News

Patterson-UTI (PTEN) Incurs Narrower-Than-Expected Q2 Loss

Patterson-UTI's (PTEN) key Contract Drilling segment saw its average rig margin per day improve 10.9% year over year to $11,280 in the second quarter.

Patterson-UTI (PTEN) Reports Q2 Loss, Tops Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 3.45% and 7.99%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Earnings Preview: Patterson-UTI (PTEN) Q2 Earnings Expected to Decline

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Implied Volatility Surging for Patterson-UTI (PTEN) Stock Options

Investors need to pay close attention to Patterson-UTI (PTEN) stock based on the movements in the options market lately.

Why Is Patterson-UTI (PTEN) Up 22.8% Since Last Earnings Report?

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Patterson-UTI (PTEN) Q1 Loss Narrower-Than-Expected, Sales Top

With drilling activity set to decline significantly, Patterson-UTI (PTEN) expects to run just four frack fleets in the second quarter.

Patterson-UTI (PTEN) Reports Q1 Loss, Tops Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 2.17% and 1.89%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Is Patterson-UTI (PTEN) Down 39% Since Last Earnings Report?

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Patterson-UTI (PTEN) Q4 Loss Wider Than Estimates, Revenues Beat

Patterson-UTI (PTEN) management said that its rig count bottomed out in the fourth quarter and will go up slightly in the early part of 2020, primarily driven by the Permian Basin.

Patterson-UTI (PTEN) Reports Q4 Loss, Tops Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of -7.32% and 1.10%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

What Lies Ahead for National Oilwell (NOV) in Q4 Earnings?

National Oilwell's (NOV) Q4 EBITDA margins from the Rig Technology unit are expected to be soft, primarily due to an adverse business mix and deferred project completions.

What Lies Ahead for Suncor Energy (SU) in Q4 Earnings?

Suncor Energy's (SU) persistently weak operating earnings from the downstream unit due to lower refining margins might dampen Q4 results.

Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Patterson-UTI (PTEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 Oil & Gas Stocks Likely to Surpass Q4 Earnings Estimates

The latest Earnings Preview implies a 47.2% slump in the energy sector's fourth-quarter earnings from the year-ago reported number.

Key Factors to Impact CNX Midstream's (CNXM) Q4 Earnings

As far as earnings surprises are concerned, CNX Midstream Partners (CNXM) has a good record, having gone past the Zacks Consensus Estimate in three of the last four reports.

Nilanjan Choudhury headshot

Oil & Gas Drilling Industry Outlook Remains Challenged

The three-year price slump is forcing the top energy companies to cut spending, particularly on the costly drilling projects, due to lower profit margins.

Patterson-UTI (PTEN) Q3 Earnings Beat, Revenues Miss Mark

Patterson-UTI's (PTEN) full-year capex view of roughly $350 million implies a 12.5% decline from its second-quarter guidance of $400 million and a 24.7% fall from its original budget of $465 million.

Patterson-UTI (PTEN) Reports Q3 Loss, Misses Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 6.90% and -1.30%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Is a Beat Likely for National Oilwell This Earnings Season?

National Oilwell (NOV) is likely to have benefited from higher backlog orders in the Completion & Production Solutions and Rig Technology segments owing to increased offshore drilling rig activities.

Cabot (COG) to Report Q3 Earnings: What's in the Cards?

Cabot (COG) focuses on high-impact natural gas-oriented drilling. Its acreage in the Marcellus shale play might have cemented its position for substantial output growth in Q3.

Valero (VLO) Gears Up for Q3 Earnings: What's in the Cards?

Weak refined petroleum products demand is likely to have hurt Valero's (VLO) Q3 earnings and lowered total throughput volumes.

Is a Beat in Store for TechnipFMC (FTI) in Q3 Earnings?

Higher operating profits from Onshore/Offshore and Subsea segments are expected to have aided TechnipFMC's (FTI) third quarter.

Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Patterson-UTI (PTEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Is Patterson-UTI (PTEN) Down 24.2% Since Last Earnings Report?

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.