Patterson-UTI Energy Inc. (NASDAQ:PTEN) moved up 1.24% and closed its last trading session at $24.4. This Oils-Energy Sector stock currently has the Market Capitalization of 3.56 Billion. The Average Volume for the stock is measured as 3.56 Million. The Stock has a 52-Week High of $25.01 and 52-Week Low of $10.94 following the dates, it touched its 52-Week High on Oct 14, 2016 and 52-Week Low on Jan 20, 2016. Currently, the Return on Assets value for the trailing twelve months is -9.8% with the Return on Equity and Return on Investment of -17.3% and -7.6% respectively. This firm currently has YTD (year to date) performance of 63.01 Percent which is awesome. The Short Ratio for the stock is 7.26.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-3. The TTM operating margin is -51.1 percent.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) is due to report its Earnings on Thu 27 Oct (In 4 Days). The estimated EPS for the current quarter is said to be $-0.59. Following Earnings result, share price were UP 20 times out of last 27 Qtrs. The stock has added about 24.4% since it reported its last earnings. The Closing price of Patterson-UTI Energy Inc. (NASDAQ:PTEN) at Last Earnings was $19.62 as compared to the previous closing price of $24.1. The Predicted Move on the 7th day after Patterson-UTI Energy Inc. (NASDAQ:PTEN) will release its earnings at about 5%.
By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Patterson-UTI Energy Inc. (NASDAQ:PTEN) beats earnings by 75%, The Stock Missed Earnings 2 times and has met earnings 1 times.
We will discuss the past Quarters Earnings below:
Patterson-UTI Energy Inc. (NASDAQ:PTEN) reported its previous quarter on 07/28/2016 where it reported the Actual Earnings of $-0.61. The Closing price before the company posted its earnings was $19.62. The Stock declined on the very next day of earnings and maintained its stock price at $19.24 by showing a % change of -1.94 percent from its previous closing price. The Next Day Volume after Earnings was reported as 7.15 Million. On the 7th day After Earnings Report, the stock hit its share price as $19.35 by showing -1.38% decrease from the Stock price Before Earnings were reported.
On 04/28/2016, the stock reported the EPS of $-0.55 where Analysts were projecting the EPS to be $-0.54 showing a difference of $-0.01. Thus Surprise Factor was there with -1.9 percent. Before Earnings Announcement on 04/28/2016, the firm had its stock price of $19.05. And immediately on the next day after earnings announcement, the stock inclined 0.31% and closed its trading session at $19.11. On 7th Day after earnings release, Patterson-UTI Energy Inc. (NASDAQ:PTEN) dropped to -7.98% from $19.05 to $17.53.
On 02/04/2016, Analysts were suspecting EPS of $-0.48/share where Patterson-UTI Energy Inc. (NASDAQ:PTEN) reported its Actual EPS of $-0.4. Thus showing a Surprise of 16.7 percent. The Closing Price of the stock before earnings was $12.95 while on the Next day the stock closed its trading session at $14.04 with a percentage change of 8.42% from the price of 12.95 before Earnings. The Stock Closing Price on the 7th day of earnings was $12.49.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services primarily in Texas, New Mexico, Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2015, this segment had a drilling fleet of 221 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.