2.9107 +0.06 (2.13%)
After hours: 5:00PM EDT
|Bid||2.8400 x 29200|
|Ask||2.9000 x 29200|
|Day's range||2.8300 - 3.0500|
|52-week range||1.6100 - 10.9500|
|Beta (5Y monthly)||2.75|
|PE ratio (TTM)||N/A|
|Earnings date||22 Oct 2020|
|Forward dividend & yield||0.08 (2.67%)|
|Ex-dividend date||02 Sep 2020|
|1y target est||4.14|
Crude oil prices were in the $60s, fueled by the view that demand growth was on track to accelerate. Heading into 2020, most oil market forecasters expected continued growth in oil demand. For example, in the International Energy Agency's (IEA) January oil market report, it foresaw another 1.2 million barrel per day increase in global oil demand for the year, which was on top of last year's 1.1 million BPD growth.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Patterson-UTI's (PTEN) key Contract Drilling segment saw its average rig margin per day improve 10.9% year over year to $11,280 in the second quarter.