Yahoo Finance Patterson-UTI Energy’s Share Price, Returns after 4Q15 Earnings
Patterson-UTI Energy 4Q15 Earnings: Revenues Fell 62% since 4Q14
Patterson-UTI Energy’s share price reaction
Patterson-UTI Energy (PTEN) released its financial information for 4Q15 on February 4, 2016. Its stock reacted positively immediately following the earnings release. On that day, the company’s stock increased by 8.4% to $14.15 from the previous day’s close. Since the beginning of 2016, its share price has fallen by 6.8%.
Weatherford International (WFT), PTEN’s peer in the oilfield equipment and services (or OFS) industry, released its financial information for 4Q15 on February 3. WFT’s share price increased by 17.8% the day after its latest earnings results. PTEN makes up 0.15% of the SPDR S&P MidCap 400 ETF (MDY), which has 2.6% exposure to the energy sector.
PTEN’s industry share price returns
In the past year, Patterson-UTI Energy’s (PTEN) stock has returned -14% net of dividends until February 4. In the past year, PTEN has outperformed the Market Vectors Oil Services ETF (OIH), which has returned -29%. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has produced a -25% return. PTEN has significantly outperformed the US rig count, which returned -60% in the past year.
However, Patterson-UTI Energy has underperformed the SPDR S&P 500 ETF (SPY) that has returned -1% during the same period. PTEN’s peer Oil States International (OIS) has also underperformed PTEN, producing a -41% return in the past year. Please read PTEN Is in a Downtrend, but Its Management Is Optimistic to learn why Patterson-UTI Energy has outperformed the industry.
In the final article in this series, we will discuss the Wall Street analysts’ targets for Patterson-UTI Energy.
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