|Day's Range||107.39 - 109.63|
|52 Week Range||96.30 - 125.83|
|PE Ratio (TTM)||71.44|
|Earnings Date||Jul 24, 2017|
|Dividend & Yield||2.20 (2.02%)|
|1y Target Est||121.00|
DENVER, July 20, 2017 /PRNewswire/ -- Core Laboratories, a leading provider of proprietary and patented Reservoir Description and Production Enhancement services, and Fracture ID, a Denver-based oil and gas technology company, have launched the Horizontal Reservoir Characterization Consortium – Midland Basin to investigate geologic controls on variability in well production. Operators participating in this consortium will collect high resolution geological data from horizontal wells in the heterogeneous Wolfcamp formation of the Midland Basin using Fracture ID Drillbit Geomechanics™ technology and Core Lab analysis on drill cuttings. This horizontal well data will be integrated with Core Lab's existing Midland Basin Joint Industry Project (JIP) database.
The correlation coefficient between the price of crude oil and Patterson-UTI Energy’s (PTEN) stock price from July 14, 2016, to July 14, 2017, is 0.65.
On July 11, 2017, approximately 20% of analysts tracking National Oilwell Varco rated it a “buy” or some equivalent.