Investing.com - Patterson-UTI Energy reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson-UTI Energy announced earnings per share of $-0.57 on revenue of $220.8M. Analysts polled by Investing.com anticipated EPS of $-0.6226 on revenue of $217.89M.
Patterson-UTI Energy shares are up 27% from the beginning of the year and are trading at $6.75 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.6% from the start of the year.
Patterson-UTI Energy shares gained 0.90% in pre-market trade the report.
Patterson-UTI Energy follows other major Energy sector earnings this month
Patterson-UTI Energy's report follows an earnings beat by Exxon Mobil on Tuesday, who reported EPS of $0.03 on revenue of $46.54B, compared to forecasts EPS of $0.009 on revenue of $45.97B.
Chevron had missed expectations on Friday, January 29, 2021 with fourth quarter EPS of $-0.01 on revenue of $25.25B, compared to forecast for EPS of $0.0918 on revenue of $25.82B.
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