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BKR - Patterson-UTI Energy: This Contract Driller Deserves Another Look
Baker Hughes Company
Oilfield services company Patterson-UTI supplies pressure pumping and contract drilling services.
PTEN’s market capitalization is $2.8 billion compared to $1.3 billion ten months ago, and it pays a 1.2% dividend.
While US companies are readier to drill than in the last two and a half years, activity among public companies is still somewhat subdued. Private companies are a bigger factor.