Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
PTENPatterson-UTI Energy(PTEN) ZACKS·2024-08-24 00:37

A month has gone by since the last earnings report for Patterson-UTI (PTEN) . Shares have lost about 13.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Patterson-UTI due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Patterson-UTI Q2 Earnings & Sales Miss Patte ...