Patterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural Gas
Patterson-UTI is cash flow positive despite U.S. oilfield activity being at a cyclical bottom. A rebound in natural gas drilling in 2025 will be a strong call on the company's premium equipment that is already in short supply. Even if gas drilling doesn't rebound soon, the generous buyback program should provide support for the stock price.
Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Commodity cycles require downturns to cool demand and rebalance supply. Without them, spikes in crude oil and natural gas prices may become the norm. Patterson-UTI's valuation is now about the same as past recession lows during 2020, 2009, and 2001. Any unexpected upturn in oil/gas prices should lead to sizable investor gains in PTEN. Various technical momentum indicators have been reversing higher since May, which could be a good omen price will soon follow.
Universal Technical Institute (UTI) Beats Q3 Earnings and Revenue Estimates
Universal Technical Institute (UTI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.05 per share a year ago.
Patterson-UTI Reports Drilling Activity for July 2024
HOUSTON, TX / ACCESSWIRE / August 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the United States.
Universal Technical Institute (UTI) Reports Next Week: Wall Street Expects Earnings Growth
Universal Technical (UTI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024
HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m.
Here's Why Universal Technical Institute (UTI) is a Strong Value Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Patterson-UTI Reports Drilling Activity for May 2024
HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States.
Universal Technical (UTI) Relaunches Summer Ignite With NAPA
Universal Technical's (UTI) division relaunches the Summer Ignite program in 2024 in partnership with NAPA to address the shortage of skilled workers in automotive or motorcycle repair careers.
UTI or BFAM: Which Is the Better Value Stock Right Now?
Investors interested in Schools stocks are likely familiar with Universal Technical Institute (UTI) and Bright Horizons Family Solutions (BFAM). But which of these two stocks offers value investors a better bang for their buck right now?
Is Universal Technical (UTI) a Solid Growth Stock? 3 Reasons to Think "Yes"
Universal Technical (UTI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
