Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns
UTIUniversal Technical Institute(UTI) Seeking Alpha·2024-10-28 08:48

Patterson-UTI (NASDAQ: PTEN ) reported its Q3 earnings last Thursday . The bad news is the company still isn't seeing a rebound in U.S. oil and gas drilling and completions activity, especially as a couple U.S. LNG export projects that would be Analyst's Disclosure: I/we have a beneficial long position in the shares of PTEN; NBR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...