Investing.com - Patterson-UTI Energy reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson-UTI Energy announced earnings per share of $0.280 on revenue of $727.500. Analysts polled by Investing.com anticipated EPS of $0.180 on revenue of $677.49M.
Patterson-UTI Energy shares are up 102.69% from the beginning of the year and are trading at $17.890 , down-from-52-week-high.
Patterson-UTI Energy shares gained 10.57% in after-hours trade the report.
Patterson-UTI Energy follows other major Energy sector earnings this month
Patterson-UTI Energy's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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