|Day Low/High||26.50 / 27.14|
|52 Wk Low/High||10.94 / 22.12|
The company's newly formed pressure-pumping joint venture might result in 1.3 million horsepower of idled hydraulic fracturing equipment one day re-entering an already oversupplied North American market.
Patterson-UTI (PTEN) stock coverage was started at DA Davidson on Thursday.
Comments by the oilfield service giant led analysts to revise their earnings estimates downward but some still think it's a buy.
Land rigs are coming back online faster than some analysts expected in the third quarter, and these U.S. stocks are your best bets for getting ahead of the ball.
With oil prices approaching the $50 mark, analysts say it may be time to buy the shares of such high-performing prospects as Eco-Stim Energy, Nabors Industries and Halliburton.
Tetra Technologies, Natural Gas Services and Patterson-UTI continue to generate solid margins and free cash flow, with Tetra trading below its peers.
Here are Tuesday's top research calls, including several downgrades for Hain Celestial, new coverage of IBM, and upgrades for Marathon Oil and Noble.
Trade-Ideas LLC identified Patterson-UTI Energy (PTEN) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate
Patterson-UTI (PTEN) stock is retreating on Thursday afternoon even though the company reported a smaller-than-expected loss for the 2016 second quarter.
Trade-Ideas LLC identified Patterson-UTI Energy (PTEN) as a strong on high relative volume candidate
Extends Unsecured Line of Credit to March 2019 and Repays Term Loans
Here are Monday's top research calls, including an upgrade for GameStop, and downgrades for Baker Hughes, ConocoPhillips and Toll Brothers.