Patterson-UTI Energy (NASDAQ:PTEN) is scheduled to be releasing its earnings data before the market opens on Thursday, July 25th. Analysts expect Patterson-UTI Energy to post earnings of ($0.20) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Patterson-UTI Energy (NASDAQ:PTEN) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.07. Patterson-UTI Energy had a negative return on equity of 1.89% and a negative net margin of 9.80%. The firm had revenue of $704.17 million during the quarter, compared to analyst estimates of $694.10 million. During the same quarter last year, the firm earned ($0.16) EPS. Patterson-UTI Energy’s quarterly revenue was down 13.0% on a year-over-year basis. On average, analysts expect Patterson-UTI Energy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of NASDAQ PTEN opened at $11.30 on Wednesday. Patterson-UTI Energy has a fifty-two week low of $9.49 and a fifty-two week high of $18.39. The company’s 50 day simple moving average is $11.28. The company has a current ratio of 1.82, a quick ratio of 1.69 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -33.24 and a beta of 1.43.
About Patterson-UTI Energy
Patterson-UTI Energy, Inc, through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada.
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