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February 13, 2012
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| 10:25 EDT |  | PTEN |
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| 06:11 EDT | | PTEN |
| theflyonthewall.com: | Patterson-UTI Energy downgraded to Neutral from Buy at Goldman | | Goldman downgraded shares citing lower than expected gas prices. Price target lowered to $21.50 from $29. :theflyonthewall.com |
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February 6, 2012
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| 08:58 EDT |  | PTEN |
| theflyonthewall.com: | Patterson-UTI Energy price target lowered to $25 from $27 at Susquehanna | | Susquehanna lowered its price target on Patterson-UTI Energy citing a decline in the outlook for natural gas drilling. Shares remain Buy rated however as the firm believes the downside to activity is less than feared. :theflyonthewall.com |
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February 3, 2012
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| 17:05 EDT |  | PTEN |
| theflyonthewall.com: | Patterson-UTI Energy reports drilling activity for January | | The company reported that for the month of January, it had an average of 241 drilling rigs operating, including 225 rigs in the United States and 16 rigs in Canada. :theflyonthewall.com |
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February 2, 2012
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| 06:26 EDT | | PTEN |
| theflyonthewall.com: | Patterson-UTI Energy chairman sees increased oil and liquids activity | | Patterson-UTI Energy chairman Mark S. Siegel stated, "Increased activity in oil and liquids rich areas, driven by high oil prices, is likely to offset most if not all of the rigs and pressure pumping equipment that may become available as a result of lower natural gas related activity. Our exposure to low natural gas prices is mitigated by our long-term contract coverage. We currently have less than 30 rigs drilling for dry gas under contracts that are well-to-well or that have an initial term of less than one year. Given the strength and flexibility of our balance sheet, term contract coverage, together with our experience in dealing with industry changes, we are well positioned for 2012". :theflyonthewall.com |
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| 06:24 EDT | | PTEN |
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| 06:19 EDT | | PTEN |
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| 06:04 EDT |  | PTEN |
| theflyonthewall.com: | Patterson-UTI Energy reports Q4 EPS 56c with charges vs. consensus 63c | | Reports Q4 revenue $725M vs. consensus $727.32M. Q4 EPS includes 5c per share in pretax impairment charges from the retirement of fifty-three of the company's rigs :theflyonthewall.com |
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