AllAnalyst Report
logoMorningstarSeptember 14, 2020

Patterson-UTI Energy, Inc.: Land Drillers to Be Hard-Hit by Lower Oil Prices in 2020-21

Symbols
PTEN
Sector(s)
Energy
Rating
Premium
Current Price
$2.56
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Patterson-UTI Energy is one of the largest North America-based land rig drilling contractors. Its fleet consists of about 315 land rigs, which it markets to independents and small producers. The firm also operates a pressure pumping division and owns a small financial interest in oil and gas exploration and production assets in Texas and New Mexico.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE