PTEN Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Patterson-UTI (PTEN) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, RIG and HP.

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

HOUSTON, TEXAS / ACCESS Newswire / March 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2025, the Company had an average of 107 drilling rigs operating in the United States.

US drilling and completion activity looks to be stable in the near term. In the medium term, additional natural gas focused activity in the Haynesville shale represents a powerful driver for improved margins. LNG exports are expected to ramp by year-end 2025, which should be a catalyst to warrant renewed natural gas related activity.

The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

HOUSTON, TX / ACCESS Newswire / February 11, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2025, the Company had an average of 106 drilling rigs operating in the United States.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Michael Sabella - Vice President of Investor Relations William Hendricks - President and Chief Executive Officer Andrew Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Waqar Syed - ATB Capital Markets Keith Mackey - RBC Capital Markets Sareeb Pant - Bank of America Eddie Kim - Barclays Kirk Hallead - Benchmark Jeff LeBlanc - TPH & Company Doug Decker - Capital One Securities Operator Thank you for standing by. My name is Rebecca and I will be your conference operator today.

PTEN expects capital expenditures for 2025 to be around $600 million, with each segment planning to spend less than in 2024.