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4-Traders Homepage  >  Equities  >  Nasdaq  >  Patterson-UTI Energy, Inc.    PTEN

PATTERSON-UTI ENERGY, INC. (PTEN)
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Patterson UTI Energy : UTI Reports Drilling Activity for June 2018

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07/12/2018 | 06:23pm CEST

By a News Reporter-Staff News Editor at Energy Weekly News -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) reported that for the month of June 2018, the Company had an average of 178 drilling rigs operating. For the three months ended June 30, 2018, the Company had an average of 176 drilling rigs operating.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

Keywords for this news article include: Business, Energy Companies, PATTERSON-UTI ENERGY INC.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Science Newsletters

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Financials ($)
Sales 2018 3 501 M
EBIT 2018 13,6 M
Net income 2018 -23,1 M
Debt 2018 580 M
Yield 2018 0,79%
P/E ratio 2018 -
P/E ratio 2019 41,76
EV / Sales 2018 1,24x
EV / Sales 2019 1,10x
Capitalization 3 745 M
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Number of Analysts 24
Average target price 24,6 $
Spread / Average Target 46%
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Managers
NameTitle
William Andrew Hendricks President, Chief Executive Officer & Director
Mark Steven Siegel Executive Chairman
C. Andrew Smith CFO, Principal Accounting Officer & Executive VP
Terry H. Hunt Independent Director
Charles Oliver Buckner Independent Director
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