Tag: PTEN Stock

Business

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) Reports a $103 Million Net Loss in The Second Quarter of 2021 As It Recovers From a Severe Downturn in 2020

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) last week announced its financial results for the quarter and six months ending June 30, 2021. The company reported a net loss of $0.55 per share ($103 million) in the second quarter of the year, compared to a net loss of $0.81 per share ($150 […]

Business

Patterson-UTI Energy Inc. (NASDAQ: PTEN) Enters Agreement To Acquire Pioneer Energy Services For $295 Million.

Patterson-UTI Energy Inc. (NASDAQ: PTEN) has announced an acquisition agreement to buy Pioneer Energy Services Corp for a consideration of $295 million. As part of the acquisition, the company will retire all of Pioneer Energy’s debt.¬† Patterson-UTI to acquire Pioneer Energy Services¬†¬† The purchase price includes the issuing of up […]