Seventy Seven Energy

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  • 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///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///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///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///Dividend Yield
    Company & Industry Overviews

    Will Merger Agreement Restrict Patterson-UTI Energy’s Dividend?

    On February 9, 2017, Patterson-UTI Energy (PTEN) declared a dividend per share (or DPS) of $0.02 to be paid on March 22, 2017.

    By Alex Chamberlin
  • uploads///Stock Price and Outlook
    Company & Industry Overviews

    Patterson-UTI Energy’s Forecasts for 2017

    Patterson-UTI Energy’s (PTEN) operated average US rig count is expected to rise 21.0% in 1Q17 compared to 4Q16.

    By Alex Chamberlin
  • uploads///REvenue and Net income
    Miscellaneous

    Could PTEN Benefit from Acquiring Seventy Seven Energy?

    On December 12, 2016, Patterson-UTI Energy (PTEN), one of the prominent contract drillers in North America, disclosed that it agreed to acquire Seventy Seven Energy (SVNT).

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

    Flotek Industries’ Strategy: Will It Generate Positive Returns?

    Stock price returns for Flotek Industries In the past two years, Flotek Industries’ (FTK) stock price was at its highest in October 2015. It troughed at ~$5.50 in January 2016. FTK’s stock has produced returns of -60%. Returns from Flotek Industries’ peers and industry Between December 2014 and December 2016, Halliburton’s (HAL) stock price rose […]

    By Alex Chamberlin
  • uploads///Snapshot
    Miscellaneous

    PTEN Plans to Acquire Seventy Seven Energy

    On December 12, Patterson-UTI Energy, one of the prominent contract drillers in North America, disclosed that it agreed to acquire Seventy Seven Energy.

    By Alex Chamberlin
  • uploads///REvenue and Net income
    Miscellaneous

    Deal Partners: Analyzing PTEN and Seventy Seven Energy

    Patterson-UTI Energy expects to achieve synergies in excess of $50 million. It’s estimated that the merger will be accretive to cash flow per share.

    By Alex Chamberlin
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