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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 Shares Tipped To Open In The Green On Tuesday
The China stock market on Monday ended the two-day losing streak in which it had dropped more than 55 points or 1.7 percent. The Shanghai Composite Index now sits just shy of the 3,580-point plateau and it's expected to see additional support on Tuesday.
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9 minutos atrás
Hong Kong Private Sector Ticks Higher In July - S&P Global
The private sector in Hong Kong continued to contract in July, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 49.2.
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29 minutos atrás
Singapore Private Sector PMI Improves To 52.7 - S&P Global
The private sector in Singapore continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 52.7.
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31 minutos atrás
Japan Services PMI Picks Up Steam In July - Jibun
The services sector in Japan continued to expand in July, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 53.6.
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33 minutos atrás
Taiwan Bourse May Find Traction On Tuesday
The Taiwan stock market has moved lower in back-to-back sessions, slumping more than 270 points or 1.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,380-point plateau although it may stop the bleeding on Tuesday.
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39 minutos atrás
BoJ Minutes: Japan Economy Continues To Recover
Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
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1 h 7 min atrás
Singapore Shares Poised To Open To The Upside On Tuesday
The Singapore stock market on Monday halted the six-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now sits just beneath the 4,200-point plateau and it may extend its gains on Tuesday.
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1 h 9 min atrás
Renewed Support Likely For Malaysia Stock Market
The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.
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1 h 39 min atrás
