|Bid||0.0000 x 3100|
|Ask||0.0000 x 900|
|Day's Range||2.8150 - 2.9600|
|52 Week Range||1.6100 - 10.9500|
|Beta (5Y Monthly)||2.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||0.08 (2.77%)|
|Ex-Dividend Date||Dec 02, 2020|
|1y Target Est||3.95|
Investors in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) had a good week, as its shares rose 9.1% to close at US$2.89...
Ladies and gentlemen, thank you for standing by, and welcome to the Patterson-UTI Energy Third Quarter 2020 Earnings Conference Call. Participating in today's call will be Andy Hendricks, Chief Executive Officer, and Andy Smith, Chief Financial Officer.
Oilfield services firm Patterson-UTI Energy expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call. The company, which offers contract drilling and hydraulic fracturing services, expects to average 61 rigs in the current quarter, up from 60 in the third quarter. It expects to average six hydraulic fracturing fleets in the fourth quarter, versus five in the last quarter, Hendricks said.