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January 7, 2014
08:02 EDTPTEN, NBRLong 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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July 27, 2015
10:00 EDTPTENOn The Fly: Analyst Downgrade Summary
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09:28 EDTPTENPatterson-UTI downgraded to Accumulate from Buy at Global Hunter
Global Hunter downgraded Patterson-UTI to Accumulate with an $18 price target. The firm downgraded shares citing an uncertain E&P spending outlook and high consensus expectations.
06:20 EDTNBRU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 23, 2015
06:02 EDTPTENPatterson-UTI reports Q2 EPS (13c), consensus (27c)
Reports Q2 revenue $472.76M, consensus $439.77M.
July 22, 2015
15:26 EDTPTENNotable companies reporting before tomorrow's open
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