Patterson-UTI Energy Inc

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  • uploads///Stock Prices
    Energy & Utilities

    Inside Weatherford’s Fall over the Past Year

    In the past year, Weatherford International’s (WFT) stock has fallen 28% as of August 11, 2017.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    What Drove Patterson-UTI Energy’s Performance in 4Q16?

    In 2016, Patterson-UTI Energy (PTEN) recorded $915.8 million in revenues—52% lower compared to 2015. In 2016, the company’s net loss was $318.6 million.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    How Did Weatherford React to Crude Oil Price Changes?

    The correlation coefficient between Weatherford International’s (WFT) stock price and WTI crude oil prices on October 13–20, 2017, was -0.05.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    Patterson-UTI Energy’s 4Q15 Earnings Beat Wall Street Estimates

    Patterson-UTI Energy (PTEN) released its 4Q15 financial results on February 4, 2016. The company recorded total revenues of $338.5 million in 4Q15, down 62% from $901.2 million recorded in 4Q14.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    How Does Nabors Industries’ Valuation Compare to Its Peers?

    Nabors Industries’ valuation, expressed as a TTM PE (price-to-earnings) multiple, isn’t available due to negative adjusted earnings.

    By Alex Chamberlin
  • uploads///analyst recom
    Energy & Utilities

    Three Analysts Upgraded Helmerich & Payne in September

    On September 25, B. Riley FBR raised its rating for Helmerich & Payne from “neutral” to “buy.” B. Riley FBR also raised the target price from $68 to $83.

    By Rekha Khandelwal, CFA
  • uploads///Correlation
    Basic Materials

    Patterson-UTI Energy’s Correlation with Crude Oil on August 21

    The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from August 21, 2016, to August 21, 2017, is 0.63.

    By Alex Chamberlin
  • uploads///Correlation
    Miscellaneous

    What’s National Oilwell Varco’s Correlation with Crude Oil?

    The correlation coefficient between National Oilwell Varco’s stock price and crude oil prices from April 7, 2016, to April 7, 2017, is 0.55.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    What PTEN’s Analysts Expect for 2Q17

    For 2Q17, analysts expect Patterson-UTI Energy (PTEN) to report an adjusted loss per share of $0.30. This would mean a cut in its losses from 1Q17.

    By Alex Chamberlin
  • uploads///Broker Recomendations
    Earnings Report

    Wall Street Analysts’ Forecasts for Patterson-UTI Energy

    On April 27, following its 1Q17 earnings, ~62% of the analysts tracking Patterson-UTI Energy rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Miscellaneous

    Is Halliburton’s Historical Valuation Justified?

    Halliburton’s forward EV-to-EBITDA multiple is lower compared to 1Q17. Analysts expect higher adjusted EBITDA in the next four quarters.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    What Do Analysts Expect from Flotek’s 4Q16 Earnings?

    In 4Q16, analysts expect Flotek Industries (FTK) to post an adjusted loss per share of ~$0.04.

    By Alex Chamberlin
  • uploads///EPS
    Consumer

    What Wall Street Analysts Expect from PTEN’s 3Q17 Earnings

    In 3Q17, analysts expect an $0.18 adjusted loss per share for Patterson-UTI Energy (PTEN), which means Wall Street analysts expect PTEN to cut its losses from the 2Q17 adjusted loss of $0.21 per share.

    By Alex Chamberlin
  • uploads///Correlation
    Consumer

    Correlation between Crude Oil and Halliburton on September 5

    The correlation coefficient between the price of crude oil and Halliburton (HAL) stock from September 5, 2016, to September 5, 2017, is 0.65.

    By Alex Chamberlin
  • uploads///Price Movement
    Miscellaneous

    How Did PTEN and Seventy Seven Energy’s Stock Prices Move?

    In the past year, Patterson-UTI Energy’s stock price nearly doubled. Since August 19, Seventy Seven’s stock price rose 74%.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    Inside Patterson-UTI Energy’s Current Valuation Compared to Peers

    Patterson-UTI Energy’s EV, when scaled by trailing-12-month adjusted EBITDA, is lower than the group peer average.

    By Alex Chamberlin
  • uploads///SLB Cover page
    Energy & Utilities

    Is Schlumberger’s Stock Price Showing Weakness?

    On February 23, 2018, Schlumberger was trading at $66.50, which is ~17% lower than its price a year ago.

    By Alex Chamberlin
  • uploads///MA Price
    Miscellaneous

    Why Patterson-UTI Energy Stock Is So Bearish

    On June 2, 2017, Patterson-UTI Energy (PTEN) was trading at $21.19, which was ~24.0% below its price at the beginning of 2017.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    How Schlumberger Reacted to Crude Oil Prices

    Schlumberger’s (SLB) stock price correlation coefficient with crude oil prices from September 22 to September 29 was 0.31.

    By Alex Chamberlin
  • uploads///saudi
    Energy & Utilities

    Saudi Arabia’s Oil Production Is near a Five-Month High

    Saudi Arabia’s crude oil production increased by 60,000 bpd to 10,120,000 bpd in May—compared to the previous month.

    By Gordon Kristopher
  • uploads///Capex and EBITDA
    Company & Industry Overviews

    How Upstream Operators’ Capex Could Affect NOV’s Margin in 2017

    From 4Q15 to 4Q16, National Oilwell Varco’s (NOV) EBITDA margin crashed, dropping from 6.8% to -45.3% during this period.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    Superior Energy Services Reacts to Crude Oil’s Price

    Superior Energy Services’ (SPN) correlation with crude oil’s price on March 28–June 28 was 0.62—a strong positive relationship.

    By Alex Chamberlin
  • uploads///HV
    Miscellaneous

    What Does Basic Energy Services’ Historical Valuation Suggest?

    On March 31, 2017, Basic Energy Services’ (BAS) stock price had fallen 6% from December 30, 2016.

    By Alex Chamberlin
  • uploads///Estimated Rev and Net Income
    Company & Industry Overviews

    What Is Patterson-UTI Energy’s Guidance on Its 4Q16 Results?

    On January 23, 2017, Patterson-UTI Energy (PTEN) provided an update on its revenues and earnings for 4Q16. PTEN expects its revenues to increase 20% to $247 million in 4Q16, compared to $206.3 million in 3Q16.

    By Alex Chamberlin
  • uploads///Historical Multiples
    Miscellaneous

    What Nabors Industries’ Historical Valuation Suggests

    On March 31, 2017, Nabors Industries (NBR) stock was 20.0% lower than it was on December 30, 2016. In 1Q17, NBR’s adjusted earnings were negative.

    By Alex Chamberlin
  • uploads///Correlation
    Miscellaneous

    What Was the Correlation between WFT and Crude Oil on July 7?

    There has been a steady positive relationship between Weatherford International’s (WFT) stock and crude oil prices since July 2016.

    By Alex Chamberlin
  • uploads///Stock Prices
    Earnings Report

    How Nabors Industries Stock Reacted to 1Q17 Results

    Nabors Industries (NBR) released its financial results for 1Q17 on April 26, 2017.

    By Alex Chamberlin
  • uploads///SI
    Energy & Utilities

    Shorting Weatherford: Reading the Short Interest in WFT on August 11

    On August 11, 2017, Weatherford International’s (WFT) short interest as a percentage of float was 14.7%, compared with 15.8% on June 30.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    What Do Analysts Expect from Tidewater’s Fiscal 3Q17 Earnings?

    In fiscal 3Q17, analysts expect an ~$1.16 adjusted loss per share for Tidewater. Analysts expect Tidewater’s adjusted loss to fall in the coming quarter.

    By Alex Chamberlin
  • uploads///Correlation
    Miscellaneous

    How NOW Stock Has Reacted to Crude Oil Prices

    Between January 1 and May 23, NOW’s (DNOW) correlation with crude oil was 0.38.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    Patterson-UTI Energy’s Correlation with Crude Oil on November 14

    The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from November 14, 2016, to November 14, 2017, was 0.63.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    How WFT Stock Has Reacted to Crude Oil Prices

    Weatherford International (WFT) stock’s correlation with crude oil was strong between June 29 and July 6, at 0.72.

    By Alex Chamberlin
  • uploads///Correlation
    Earnings Report

    How National Oilwell Varco Correlates with Crude Oil

    The correlation coefficient between crude oil price and National Oilwell Varco’s (NOV) stock price from July 11, 2016, to July 11, 2017, is 0.61.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Basic Materials

    What’s Wall Street’s Forecast for Nabors Industries?

    Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///Segment Revenue
    Earnings Report

    What Could Drive Schlumberger’s Performance in 1Q17 and Beyond?

    Schlumberger’s (SLB) Drilling segment witnessed the highest revenue fall of 32% in 4Q16 compared to 3Q16.

    By Alex Chamberlin
  • uploads///Upstream capexx and EBITDA
    Basic Materials

    How Rig Count and Upstream Operator Capex Affected FTK

    From 2Q16 to 2Q17, Flotek Industries’ (FTK) EBITDA margin (or EBITDA as a percentage of revenues) improved to 2.3% from 0.7%.

    By Alex Chamberlin
  • uploads///Correlation
    Consumer

    Halliburton Reacts to Crude Oil’s Price Change

    Crude oil’s price correlation coefficient with Halliburton’s stock price on October 6–13, 2017, was 0.33. There was a weak correlation in the past week.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Basic Materials

    Analysts’ Recommendations for RES, DRQ, WFT, PTEN, and FTK

    Approximately 79% of the Wall Street analysts tracking Patterson-UTI Energy (PTEN) have recommended a “buy” or some equivalent as of May 15.

    By Alex Chamberlin
  • uploads///Stock Prices
    Miscellaneous

    Will High-Pressure Pumping Revenue Help PTEN’s Returns?

    In the past year, Patterson-UTI Energy’s stock has risen 6% (as of June 5, 2017), outperforming the VanEck Vectors Oil Services ETF’s (OIH) -13% returns.

    By Alex Chamberlin
  • uploads///Stock Prices
    Earnings Report

    Patterson-UTI Energy’s Stock Price Returns after 4Q16

    Patterson-UTI Energy released its financial results for 4Q16 on February 9. Its stock price rose ~2% to $27.84 from the closing price on February 8.

    By Alex Chamberlin
  • uploads///HV
    Energy & Utilities

    What Does Patterson-UTI Energy’s Historical Valuation Suggest?

    Patterson-UTI Energy’s forward PE multiple isn’t available, which indicates negative earnings in the next 12 months.

    By Alex Chamberlin
  • uploads///Diviend Yield
    Miscellaneous

    Patterson-UTI Energy’s Dividend Yield on June 2

    Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.

    By Alex Chamberlin
  • uploads///Target Price
    Earnings Report

    Patterson-UTI Energy: Management’s Estimates for 2Q16

    Patterson-UTI Energy’s (PTEN) chairman, Mark S. Siegel, expressed confidence about the possibility of an energy market recovery.

    By Alex Chamberlin
  • uploads///SLB
    Energy & Utilities

    What Does Schlumberger’s Net Debt-to-Equity Ratio Suggest?

    On March 31, 2018, Schlumberger’s (SLB) net debt was $13.9 billion, 20% higher than its net debt of $11.6 billion on March 31, 2017.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    What Are Wall Street Analysts’ Forecasts for PTEN?

    Approximately 55% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~26% rated it as a “hold,” and the other 19% rated it as a “sell.”

    By Alex Chamberlin
  • uploads///Stock Prices
    Macroeconomic Analysis

    Patterson-UTI Energy Has Risen 87% in 1 Year

    In the past year, Patterson-UTI Energy stock has risen 87% as of February 17, 2017. It’s outperformed the VanEck Vectors Oil Services ETF’s return of ~35% in the same period.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    National Oilwell Varco’s Correlation with Crude Oil Prices

    National Oilwell Varco’s correlation with crude oil prices increased in the trailing year to September 8, 2017—compared to the previous year.

    By Alex Chamberlin
  • uploads///Segment revenue
    Company & Industry Overviews

    A Look at Patterson-UTI Energy’s Segment Drivers

    From 4Q15 to 4Q16, Patterson-UTI Energy’s (PTEN) Contract Drilling segment’s revenue fell ~33.0%.

    By Alex Chamberlin
  • uploads///Segments
    Company & Industry Overviews

    Analyzing the Factors Affecting Schlumberger’s Revenue

    Schlumberger’s Drilling segment witnessed the highest revenue fall at 32% in 4Q16 compared to 4Q15. The segment was followed by the Reservoir Characterization and Production segments.

    By Alex Chamberlin
  • uploads///Segment Revenue
    Earnings Report

    Patterson-UTI Energy in 4Q16: Key Drivers, Then and Now

    From 4Q15 to 4Q16, Patterson-UTI’s Contract Drilling segment revenue fell ~33%, while its Pressure Pumping segment witnessed a 20% revenue decline.

    By Alex Chamberlin
  • uploads///Upstream capex and EBITDA margin
    Company & Industry Overviews

    Upstream Operators’ Capex and Patterson-UTI Energy’s 2017 Margins

    In the past couple of years, some major US upstream and integrated companies have reduced their capex following the sharp fall in crude oil prices.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    How Did Schlumberger React to Crude Oil Prices Last Week?

    Crude oil prices have risen significantly since the end of June 2017. Analysts don’t expect much impending downside in crude oil prices.

    By Alex Chamberlin
  • uploads///Correlation
    Company & Industry Overviews

    What’s PTEN’s Correlation with Crude in March?

    The correlation coefficient between Patterson-UTI Energy’s stock price and crude oil prices from March 2016 to March 20, 2017, is 0.64.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    What Are Analysts’ Forecasts for Patterson-UTI Energy?

    On February 9, ~50% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~44% rated it as a “hold,” and 6% rated it as a “sell.”

    By Alex Chamberlin
  • uploads///Correlation Worst
    Miscellaneous

    How the Worst-Performing OFS Companies Correlate with Crude Oil

    The correlation coefficient between crude oil’s price and Schlumberger’s (SLB) stock price from June 2016 to June 2017 is 0.64.

    By Alex Chamberlin
  • uploads///Net Debt
    Miscellaneous

    Why Patterson-UTI Energy’s Net Debt Fell after the Merger

    Patterson-UTI Energy’s (PTEN) total debt fell 29.0% from 1Q16 through 1Q17. Its cash and marketable securities rose 150.0% during that period.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Did Analysts Change Their Recommendations on PTEN?

    There are at least nine broker rating changes for Patterson-UTI Energy in 2016. JPMorgan Chase (JPM) upgraded its rating to “neutral” on December 7.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    How Do Analysts Rate Patterson-UTI Energy after 1Q16 Earnings?

    In this article, we’ll look at Wall Street analysts’ forecasts for Patterson-UTI Energy’s (PTEN) shares following its fiscal 1Q16 earnings release.

    By Alex Chamberlin
  • uploads///rig _
    Basic Materials

    What Do Analysts Expect from WFT’s Q2 2018 Earnings?

    Weatherford International (WFT) plans to hold its Q2 earnings call on July 27. Analysts expect an adjusted loss of $0.18 per share for WFT.

    By Alex Chamberlin
  • uploads///Capex and EBITDA
    Earnings Report

    Will Upstream Operators’ Capex Impact TechnipFMC in Q2 2018?

    In the past year, crude oil has increased ~64%.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Energy & Utilities

    Analysts’ Forecast for Superior Energy Services

    Approximately 50% of the Wall Street analysts tracking Superior Energy Services rated it as a “buy” or some equivalent as of June 28.

    By Alex Chamberlin
  • uploads///PTEN
    Energy & Utilities

    Patterson-UTI Energy’s ‘Buy’ Ratings Are Increasing

    On March 19–June 19, the percentage of analysts recommending a “buy” or some equivalent for Patterson-UTI Energy has increased from 76% to 78%.

    By Alex Chamberlin
  • uploads///industrial _
    Consumer

    Top Five Oilfield Equipment and Services Companies

    According to Wall Street analysts’ ratings, Halliburton (HAL) has the highest “buy” or some equivalent rating in the OFS industry.

    By Alex Chamberlin
  • uploads///Historical valuation
    Miscellaneous

    What Schlumberger’s Historical Valuations Suggest

    On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017.

    By Alex Chamberlin
  • uploads///oil _
    Miscellaneous

    Schlumberger’s Stock Price after First-Quarter Earnings

    Schlumberger Limited (SLB) is the largest US oilfield equipment and service (or OFS) company. Its stock price has risen in the past year.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Energy & Utilities

    Schlumberger: Analysts’ Recommendations before 1Q18

    As of April 11, 2018, 78% of the analysts tracking Schlumberger rated it as a “buy,” ~19% rated it as a “hold,” and 3% rated it as a “sell.”

    By Alex Chamberlin
  • uploads///FTK
    Basic Materials

    What Does Flotek Industries’ Forward Valuation Suggest?

    Flotek Industries’ forward EV-to-EBITDA multiple (11.7x) is significantly lower than its current EV-to-EBITDA multiple (~199x).

    By Alex Chamberlin
  • uploads///Historical valuation
    Energy & Utilities

    What Does Schlumberger’s Historical Valuation Suggest?

    On December 29, 2017, Schlumberger’s (SLB) stock price was 20% lower compared to December 30, 2016.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Consumer

    Does Halliburton’s Valuation Present an Attractive Opportunity?

    On December 29, 2017, Halliburton’s (HAL) stock price was 10% lower than it was on December 30, 2016.

    By Alex Chamberlin
  • uploads///EPS
    Consumer

    Analysts Are Optimistic about Halliburton’s 4Q17 Earnings

    In 4Q17, analysts expect an adjusted EPS of $0.46 for Halliburton (HAL). Analysts expect Halliburton’s adjusted earnings to improve 10% in 4Q17.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    How Weatherford Reacted to Crude Oil Price Changes

    From December 29, 2017, to January 5, 2018, Weatherford International’s (WFT) correlation with the West Texas Intermediate crude oil price was -0.13.

    By Alex Chamberlin
  • uploads///Sales Top
    Energy & Utilities

    The Top 5 Oilfield Services Stocks for 4Q17 by Revenue Growth

    In this series, we’ll examine and rank the highest- and lowest-growth US oilfield services and equipment (or OFS) companies in 4Q17 versus 3Q17.

    By Alex Chamberlin
  • uploads///Historical Multiples
    Energy & Utilities

    Weatherford International’s Historical Valuation

    In 3Q17, Weatherford International’s (WFT) adjusted earnings were negative. So its PE (price-to-earnings) multiple wasn’t meaningful that quarter.

    By Alex Chamberlin
  • uploads///Worst
    Energy & Utilities

    Ranking the Bottom 5 OFS Companies by Free Cash Flow

    In this series, we’ll analyze the bottom five FCF generators in 3Q17 in the OFS industry, excluding the offshore drillers. We selected OFS companies with market capitalization exceeding $100 million.

    By Alex Chamberlin
  • uploads///Upstream capex and EBITDA
    Energy & Utilities

    Connecting Upstream Operators’ Capex with PTEN’s Margin

    From 2Q17 to 3Q17, Patterson-UTI Energy’s (PTEN) EBITDA margin rose from 22.5% to 24.5%. The EBITDA margin measures a company’s operating earnings.

    By Alex Chamberlin
  • uploads///Stock Price and Outlook
    Energy & Utilities

    Patterson-UTI Energy: Management’s Views after 2Q17

    Since September 29, Patterson-UTI Energy’s stock price has fallen 2%—compared to a 2% rise in the iShares Core S&P Mid-Cap ETF (IJH).

    By Alex Chamberlin
  • uploads///MA Price
    Energy & Utilities

    Patterson-UTI Energy’s Stock Price Is Bearish

    On November 13, 2017, Patterson-UTI Energy (PTEN) was trading at $20.58. It has fallen ~24% since the beginning of 2017.

    By Alex Chamberlin
  • uploads///Upstream cape and EBITA
    Energy & Utilities

    Linking TechnipFMC’s Margin to Upstream Operators’ Capex

    From 2Q17 to 3Q17, TechnipFMC’s (FTI) EBITDA margin (or EBITDA as a percentage of revenues) fell from 13.7% to 10.1%.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Energy & Utilities

    Wall Street’s Forecast for Nabors Industries before Its 3Q17 Earnings

    On October 12, 2017, ~67% of the Wall Street analysts tracking Nabors Industries rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///Correlation
    Earnings Report

    Patterson-UTI Energy’s Reaction to Crude Oil Changes

    The correlation coefficient between Patterson-UTI Energy’s (PTEN) stock price and crude oil prices from October 6, 2016, to October 6, 2017, was 0.64.

    By Alex Chamberlin
  • uploads///p
    Energy & Utilities

    Energy Stocks: Biggest Gainers on September 4–8

    On September 1–8, 2017, oilfield service stock Tidewater (TDW) rose the most among the energy sector stocks.

    By Rabindra Samanta
  • uploads///Upstream capex and EBITDA
    Consumer

    What Halliburton’s Margin Has to Do with Upstream Operators’ Capex

    From 2Q16 to 2Q17, Halliburton’s (HAL) EBITDA margin (or EBITDA as a percentage of revenues) rose from 12% to 16%.

    By Alex Chamberlin
  • uploads///Historical valuation
    Energy & Utilities

    Chart in Focus: Schlumberger’s Historical Valuation Multiples

    On June 30, 2017, Schlumberger’s (SLB) stock price was 22% lower than its price on December 30, 2016. In 2Q17, SLB’s adjusted earnings were negative.

    By Alex Chamberlin
  • uploads///Historical valuation
    Energy & Utilities

    What Does Nabors Industries’ Historical Valuation Suggest?

    Nabors Industries’ PE multiple was not meaningful in 2015 and 2016 as a result of negative adjusted earnings during this period.

    By Alex Chamberlin
  • uploads///Correlation
    Energy & Utilities

    Correlation between Weatherford and Crude Oil on August 4

    Weatherford International (WFT) stock and crude oil prices have had a steady positive correlation in the past year.

    By Alex Chamberlin
  • uploads///SI
    Energy & Utilities

    What Was the Short Interest in Schlumberger on August 4?

    Short interest in Schlumberger’ (SLB) stock as a percentage of its float was ~1.5% on August 4, 2017, compared to 1.6% as of June 30, 2017.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Consumer

    What Wall Street Projects for PTEN after 2Q17 Earnings

    In this article, we’ll look at Wall Street analysts’ forecasts for Patterson-UTI Energy (PTEN) stock following its 2Q17 earnings release.

    By Alex Chamberlin
  • uploads///Stock Prices
    Earnings Report

    What’s the Outlook for PTEN, BHGE, and BAS?

    Since the beginning of 2017, Patterson-UTI Energy (PTEN) stock has returned -28% as of August 1.

    By Alex Chamberlin
  • uploads///Stock Price and Outlook
    Earnings Report

    How Patterson-UTI Energy’s Management Sees 2Q17

    PTEN’s management believes that its merger with Seventy Seven Energy has consolidated PTEN’s position in drilling and pressure pumping activity.

    By Alex Chamberlin
  • uploads///MA Price
    Miscellaneous

    Why Is Nabors Industries’ Stock Price Bearish?

    Nabors Industries (NBR) is one of the largest land-based drilling operators in the world. It’s had a weak run in the stock market so far in 2017.

    By Alex Chamberlin
  • uploads///Upstream capex and EBITDA
    Miscellaneous

    How Upstream Operators’ Capex Cuts Could Affect Halliburton

    From 1Q16 to 1Q17, Halliburton’s (HAL) EBITDA margin remained nearly unchanged at 13.7%.

    By Alex Chamberlin
  • uploads///FCF
    Miscellaneous

    A Look at Patterson-UTI Energy’s Higher 2017 Capex Plan

    Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.

    By Alex Chamberlin
  • uploads///Upstream capex and Margin
    Miscellaneous

    Can Upstream Operators’ Capex Affect PTEN’s Margin in 2017?

    Some of the major US upstream and integrated companies have gradually reduced their capex following crude oil’s sharp price fall since mid-2014.

    By Alex Chamberlin
  • uploads///Stock Price and Outlook
    Miscellaneous

    Management’s Views on Patterson-UTI Energy after 1Q17

    In 2Q17, management expects Patterson-UTI Energy (PTEN) to operate 84 rigs under term contracts, compared to 81 in 1Q17.

    By Alex Chamberlin
  • uploads///Ustream capex and Margin
    Miscellaneous

    Upstream Operators’ Capex Could Impact Schlumberger’s Margin

    Schlumberger’s EBITDA margin was impacted negatively as upstream companies slashed their budgets. From 1Q16 to 1Q17, Schlumberger’s EBITDA margin fell.

    By Alex Chamberlin
  • uploads///Upstream capex and EBITDA
    Miscellaneous

    Will Upstream Operators’ Capexes Affect Basic Energy’s Q1 Margin?

    In the past couple of years, some major US upstream and integrated companies have reduced their capital expenditures (capex) following crude oil price’s sharp fall.

    By Alex Chamberlin
  • uploads///Correlation
    Earnings Report

    Behind Patterson-UTI’s Correlation with Crude on April 12

    The correlation coefficient between Patterson-UTI Energy’s stock price and the price of crude oil from April 12, 2016, to April 12, 2017, stands at 0.63.

    By Alex Chamberlin
  • uploads///Stock Price and Outlook
    Earnings Report

    Understanding Patterson-UTI’s Management Vision for 2017

    Patterson-UTI’s (PTEN) management believes that 2017 will see positive momentum for the company, led by higher drilling and pressure pumping activity.

    By Alex Chamberlin
  • uploads///SI Worst
    Miscellaneous

    Short Interest: OFS Stocks with the Lowest Returns in 1Q17

    Short interest in Nabors Industries (NBR), as a percentage of its float, rose to 11.5% as of March 31, 2017—compared to 6.5% as of December 30, 2016.

    By Alex Chamberlin
  • uploads///Stock Prices
    Company & Industry Overviews

    Patterson-UTI Energy’s Strategies: How to Outperform the Industry

    In the past year, as of March 20, 2017, Patterson-UTI Energy’s (PTEN) stock has risen 45%.

    By Alex Chamberlin
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