PTEN - Insider Selling: THOM TIFFANY CEPAK Unloads $176K Of Patterson-UTI Energy Stock | Benzinga
Disclosed on December 5, THOM TIFFANY CEPAK, Director at Patterson-UTI Energy (NASDAQ:PTEN), executed a substantial insider sell as per the latest SEC filing.
What Happened: CEPAK opted to sell 15,000 shares of Patterson-UTI Energy, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The transaction's total worth stands at $176,700.
Patterson-UTI Energy's shares are actively trading at $11.21, experiencing a down of 0.27% during Wednesday's morning session.
About Patterson-UTI Energy
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
Patterson-UTI Energy: Financial Performance Dissected
Positive Revenue Trend: Examining Patterson-UTI Energy's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 39.03% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Holistic Profitability ...