PattersonUTI Energy, Inc. (NASDAQ:PTEN)
About PattersonUTI Energy, Inc. (NASDAQ:PTEN) PattersonUTI Energy, Inc. (PattersonUTI) owns and operates fleets of landbased drilling rigs in the United States. The Company’s contract drilling business operates primarily in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia and western Canada. As of December 31, 2009, it had a drilling fleet that consisted of 341 marketable landbased drilling rigs. It provides pressure pumping services to oil and natural gas operators primarily in the Appalachian Basin. These services consist primarily of well stimulation and cementing for completion of new wells and remedial work on existing wells. It also owns and invests in oil and natural gas assets as a working interest owner. Its oil and natural gas interests are located primarily in Texas and New Mexico. The Company exited the drilling and completion fluids services business on January 20, 2010, and sold substantially all of the assets.
Statistics Symbol
PTEN
EPS
0.76
Current Price
$25.32
Market Capitalization:
$3.90B
52 week range
$11.85 $25.77
P/E Ratio
33.13
Avg Volume
3.48M
Beta Value
1.47
Financials PattersonUTI Energy, Inc. (NASDAQ:PTEN) produced total revenue of $378.66 million which is noticeably greater than last quarter’s revenue of $306.99 million. However, operating and net income both have decreased that resulted in lower earning per share in current quarter as compared to last quarter’s ending. The company’s cash flow from operations stood at $402.47 million which is greater than last quarter’s ended cash flow of $239 million. Increased CFO shows that the company generated greater cash than its expenses. According to present quarter’s ending financials as on September 30, 2010, Company’s total assets mount up to $2.99 billion. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $863.27 million and $2.13 billion respectively.
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