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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

20.46USD
22 Nov 2017
Change (% chg)

$0.38 (+1.89%)
Prev Close
$20.08
Open
$20.37
Day's High
$20.69
Day's Low
$20.20
Volume
642,155
Avg. Vol
1,234,917
52-wk High
$29.76
52-wk Low
$15.22

Latest Key Developments (Source: Significant Developments)

Patterson-UTI Energy Q3 loss per share $0.16
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy reports financial results for three and nine months ended September 30, 2017.Q3 loss per share $0.16.Q3 revenue $685 million versus I/B/E/S view $687.6 million.Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.Patterson-UTI Energy Inc - ‍averaged 161 operating rigs during quarter compared to 146 during Q2​.Patterson-UTI -Q3 ‍average rig margin/day up $1,010 sequentially to $7,730 due primarily to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy inc - ‍based on contracts currently in place, expect an average of 87 rigs operating under term contracts during q4​.Patterson-UTI says qtrly ‍average rig margin/day increased sequentially to $7,730 due to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy says ‍plan to reactivate one additional frac spread during Q4, bringing its active frac fleet at end of year to 23 active spreads​.  Full Article

Patterson-UTI reports drilling activity for August 2017
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI reports drilling activity for August 2017.Patterson-UTI Energy Inc- for month of August 2017, company had an average of 162 drilling rigs operating.  Full Article

Patterson-UTI Energy appoints Andy Smith as CFO
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy announces appointment of Andy Smith as chief financial officer.Patterson-UTI Energy Inc - Smith most recently served as executive vice president and chief financial officer of Kirby Corporation.  Full Article

Patterson-UTI Energy reports Q2 loss per share $0.46
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Patterson-UTI Energy Inc -:Patterson-UTI energy reports financial results for three and six months ended june 30, 2017.Q2 loss per share $0.21 excluding items.Q2 revenue $579 million versus i/b/e/s view $556.3 million.Q2 earnings per share view $-0.30 -- Thomson Reuters I/B/E/S.Q2 loss per share $0.46 including items.Patterson-UTI Energy Inc says average rig count in united states during q2 was 145 rigs.Patterson-UTI Energy Inc says on a standalone basis, patterson-UTI averaged 100 rigs for q2 in united states, up 23% from 81 rigs during q1.Patterson-UTI Energy Inc says based on contracts currently in place, expect an average of 94 rigs operating under term contracts during q3.  Full Article

Patterson-UTI Energy sees 2017 capex $450 mln
Tuesday, 23 May 2017 06:21am EDT 

May 23 (Reuters) - Patterson-UTI Energy Inc ::Patterson-UTI Energy Inc - sees 2017 capex $450 million, as of April 27.  Full Article

Patterson-UTI Energy says CFO retirement effective after transition period
Thursday, 11 May 2017 06:00am EDT 

May 11 (Reuters) - Patterson-UTI Energy Inc -:Patterson-UTI energy inc - chief financial officer retirement will become effective after a transition period following employment of his successor.  Full Article

Patterson-UTI Energy Q1 loss per share $0.40
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Patterson-UTI Energy Inc ::Says our average rig count in United States increased 22% to 81 rigs during Q1, up from 66 rigs in Q4.Total average rig revenue per day for Q1 was $21,200 compared to $21,640 during Q4.Average rig operating costs per day increased for q1 to $14,450 from $13,770 in q4.Patterson-UTI Energy reports financial results for three months ended march 31, 2017.Q1 loss per share $0.40.Q1 revenue $305 million versus $269 million.Says for month of April, we expect to average two rigs in Canada."we expect an average of 84 rigs operating under term contracts during Q2"."we expect an average of 61 rigs operating under term contracts during 12 months ending march 31, 2018".Q1 earnings per share view $-0.43, revenue view $295.7 million -- Thomson Reuters I/B/E/S.  Full Article

Patterson-UTI Energy says Mainard Gael, SSE stockholder, filed putative class action against SSE, SSE's board
Wednesday, 12 Apr 2017 06:53am EDT 

Patterson-UTIEnergy Inc : Patterson-UTI Energy -mainard gael, stockholder of sse, filed putative class action challenging disclosures in connection with deal, against SSE, SSE's board . Patterson-UTI Energy Inc - related complaint alleges that sse's board of directors breached its fiduciary duties . Patterson-UTI Energy Inc - alleged omissions generally relate to certain financial projections - SEC filing . Patterson-UTI- complaint alleges board failed to disclose in joint proxy statement/prospectus filed in relation with deal certain allegedly material information . Patterson-UTI Energy Inc - mainard gael filed the putative class action on April 7, 2017 - sec filing .Patterson-UTI- omissions relate to fact that Douglas Wall, member of SSE board , previously served as president, CEO of Patterson-UTI as recent as 2012.  Full Article

Seventy seven extends deadline for warrant exercises
Monday, 10 Apr 2017 09:10pm EDT 

Patterson-uti Energy Inc : Seventy Seven Energy extends deadline for warrant exercises . SSE was extending deadline for holders of its outstanding warrants to exercise those warrants in advance of consummation of merger .Do not believe that extension of this deadline will impact consummation of merger.  Full Article

Seventy Seven Energy Inc says will hold a special meeting of its stockholders
Wednesday, 22 Mar 2017 06:07pm EDT 

Patterson-uti Energy Inc :Seventy Seven Energy Inc says will hold a special meeting of its stockholders in connection with proposed merger with Patterson-UTI Energy on April 20.  Full Article

BRIEF-Patterson-UTI Energy Q3 loss per share $0.16

* Patterson-UTI Energy reports financial results for three and nine months ended September 30, 2017