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Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln
(RTTNews) - Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
In aggregate, the Company has returned $74.3 million to shareholders in the fourth quarter through its regularly scheduled dividend and the purchase of approximately 3.3 million shares of its common stock for $57.2 million. The Company also repurchased $22.4 million of its long-term indebtedness during the fourth quarter.
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China Bourse May Slip Beneath 4,000-Point Level
The China stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just above the 4,015-point plateau although it may head south again on Thursday.
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22 minit yang lalu
Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with gains in iron ore miners and financial partially offset by weakness in technology stocks.
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29 minit yang lalu
Taiwan Bourse May Remain Rangebound On Thursday
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 220 points or 0.8 percent. The Taiwan Stock Exchange now sits just shy of the 28,300-point plateau although it may tick lower again on Thursday.
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57 minit yang lalu
Singapore Shares May See Continued Consolidation
The Singapore stock market on Wednesday snapped the six-day winning streak in which it had jumped more than 120 points or 2.9 percent. The Straits Times Index now sits just above the 4,440-point plateau and it may take further damage on Thursday.
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1j 22min yang lalu
U.S. Dollar Climbs On Powell's Comments
The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, as Federal Reserve Chair Jerome Powell's comments triggered doubts about the likelihood of a rate cut in December.
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1j 37min yang lalu
Malaysia Stock Market May Spin Its Wheels On Thursday
The Malaysia stock market has finished lower in back-to-back sessions, slipping almost 7 points or 0.4 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it may remain stuck in neutral on Thursday.
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1j 52min yang lalu
Japan Bourse May See Mild Downside Correction
The Japan stock market rebounded on Wednesday, one day after ending the two-day winning streak in which it had rallied more than 1,800 points or 3 percent. The Nikkei 225 now rests just above the 51,300-point plateau although it may run out of steam on Thursday.
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2j 7min yang lalu
South Korea Shares May Be Stuck In Neutral
The South Korea stock market bounced higher again on Wednesday, one day after halting the two-day winning streak in which it had gained almost 200 points or 5 percent. Now at a fresh record closing high, the KOSPI sits just above the 4,080-point plateau although investors may lock in gains on Thursday.
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2j 22min yang lalu
