Patterson-UTI Reports Average Of 107 Drilling Rigs Operating In US For September
Portfolio Pulse from Benzinga Newsdesk
Patterson-UTI reported an average of 107 drilling rigs operating in the US for the three months ending September 30, 2024.
October 03, 2024 | 9:50 pm
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NEUTRAL IMPACT
Patterson-UTI reported an average of 107 drilling rigs operating in the US for Q3 2024, indicating stable operational activity.
The report of 107 drilling rigs indicates stable operational activity for Patterson-UTI, which is a positive sign for maintaining revenue levels. However, without additional context on market conditions or comparisons to previous periods, the immediate impact on stock price is neutral.
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IMPORTANCE 70
RELEVANCE 100