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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:02 EDTNBR, PTENLong Nabors Industries, short Patterson-UTI good pair trade, says Bernstein
Bernstein recommends buying Nabors Industries (NBR) and shorting Patterson-UTI Energy (PTEN) as a good short-term pair trade "around the quarter."
News For NBR;PTEN From The Last 14 Days
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September 3, 2015
06:03 EDTPTENPatterson-UTI reports August average of 106 drilling rigs operating in U.S.
Patterson-UTI reported that for the month of August, the company had an average of 106 drilling rigs operating in the United States and four rigs in Canada. For the two months ended August 31, the company had an average of 109 drilling rigs operating in the United States and four rigs in Canada.
September 1, 2015
10:05 EDTPTENOn The Fly: Analyst Downgrade Summary
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07:15 EDTPTENPatterson-UTI downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Patterson-UTI to Market Perform and cut its rating on the Land Drilling sector to Market Weight from Overweight. The firm believes weakness in the global oil market is likely to persist into 2016 and lowered its price target range for shares to $15-$19 from $22.50-$25.
August 26, 2015
07:06 EDTNBRNabors Industries board authorizes repurchase up to $400M of common shares
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