recommending a land drilling pair trade, long Patterson-UTI (PTEN) short Helmerich & Payne (HP).
MAGE
(v)
| Price | 18.45 |
| Price Change Today | -$0.50 (-2.64%) |
| P&P rating | ![]() |
| Zacks Rank | 3 - HOLD |
| Open Price | $19.04 |
| Previous Close | $18.95 |
| Daily Range | $18.39 - $19.13 |
| 52-Week Range | $15.06 - $34.09 |
| Volume | 4,714,763 |
| Patterson is one of the leading providers of domestic land drilling services to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs, 108 of which are currently operable. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company's drilling contract operations, the oil & natural gas operations are no longer material to the Company's overall operations. | |





MAGE
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