Patterson-UTI Energy Inc

PTEN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Jccvq	Xdqn

Patterson-UTI Earnings: Shares Rise on Return of Capital Commentary

Brett Castelli ,

Feb 16, 2024

No-moat Patterson-UTI posted solid fourth-quarter results, its first full quarter following the closing of the NexTier and Ulterra acquisitions. We’ll incorporate Patterson’s full operating and financial results shortly, but after this first look, we maintain our $18 fair value estimate.

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