PTEN expects a slight sequential decline in SG&A expenses and depreciation, depletion, amortization, and impairment expense to total around $230 million for the third quarter.
PTEN is expected to report lower revenues from the year-ago period. The company anticipates lower operating costs in the to-be-reported quarter.
Universal Technical (UTI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
If you are looking for stocks that are well positioned to maintain their recent uptrend, Universal Technical (UTI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
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Universal Technical (UTI) possesses solid growth attributes, which could help it handily outperform the market.
Universal Technical (UTI) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Patterson-UTI faces margin pressure as declining domestic drilling activity persists amid lower oil prices. PTEN's ability to structure performance-based contracts across multiple service platforms gives the company a leading edge on peers. At the current share price, PTEN generates an attractive free cash flow yield despite the challenging market.
Does Universal Technical Institute (UTI) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Universal Technical (UTI) possesses solid growth attributes, which could help it handily outperform the market.