9 Apr 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler received 74,200 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Mar 2020debt financing● Neutral
On March 27, 2020 Patterson-UTI amended its revolving credit agreement again, extending the maturity of $550 million of the revolving commitments from March 27, 2024 to March 27, 2025. The filing does not say what happens to the remaining commitments.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany Thom Cepak bought 15,000 shares on the open market at $2.01.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Janeen S Judah bought 25,000 shares on the open market at $2.12.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. bought 50,000 shares on the open market at $2.04.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Curtis W Huff bought 70,000 shares on the open market at $2.06.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon bought 25,000 shares on the open market at $2.01.
12 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Charles Oliver Buckner bought 10,000 shares on the open market at $2.09.
10 Mar 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Curtis W Huff bought 40,000 shares on the open market at $2.36.
12 Feb 2020substantial holder notice● Neutral
Renaissance Technologies LLC, RENAISSANCE TECHNOLOGIES HOLDINGS CORPORATION disclosed a new substantial PATTERSON UTI ENERGY INC shareholding (5.89% of votes).
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a PATTERSON UTI ENERGY INC shareholding of 17,167,085 shares (8.82% of votes) in a periodic institutional filing.
6 Feb 2020quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $492.3 million and a net loss of $85.9 million for the period ended 2019-12-31.
4 Feb 2020substantial holder notice● Neutral
BlackRock, Inc reported a PATTERSON UTI ENERGY INC shareholding of 19,704,929 shares (10.10% of votes) in a periodic institutional filing.
27 Jan 2020substantial holder notice● Neutral
JPMORGAN CHASE & CO disclosed a new substantial PATTERSON UTI ENERGY INC shareholding (5.20% of votes).
3 Jan 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon received 16,666 shares as part of the equity award.
3 Jan 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany Thom Cepak received 16,666 shares as part of the equity award.
3 Jan 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Janeen S Judah received 16,666 shares as part of the equity award.
3 Jan 2020director interest notice● Neutral
PATTERSON UTI ENERGY INC director Curtis W Huff received 16,666 shares as part of the equity award.
11 Dec 2019director interest notice● Neutral
PATTERSON UTI ENERGY INC director Charles Oliver Buckner sold 2,011 shares at $9.86.
15 Nov 2019debt financing● NeutralMajor
On November 15, 2019 Patterson-UTI closed a $350 million offering of 5.15% senior notes due 2029, with no subsidiary guarantees currently required. It gave notice to prepay all of the 4.27% Series B notes due June 2022 on about December 16, 2019 (roughly $316 million including make-whole premium); the press release says proceeds will also repay part of the term loan. This continues the replacement of the older private notes and, if completed, would leave neither Series A nor Series B outstanding.
12 Nov 2019securities registration● Neutral
PATTERSON UTI ENERGY INC filed a prospectus supplement for an offering off its existing shelf.
7 Nov 2019securities registration● Neutral
PATTERSON UTI ENERGY INC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
7 Nov 2019securities registration● Neutral
PATTERSON UTI ENERGY INC filed a free-writing prospectus - marketing material for an offering in progress.
7 Nov 2019securities registration● Neutral
PATTERSON UTI ENERGY INC filed the final prospectus for a registered offering.
30 Oct 2019quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $598.5 million and a net loss of $261.7 million for the period ended 2019-09-30.
24 Oct 2019quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $598.5 million and a net loss of $261.7 million for the period ended 2019-09-30.
9 Sept 2019director interest notice● Neutral
PATTERSON UTI ENERGY INC EVP & Chief Financial Officer Charles Andrew Smith exercised stock options for 47,059 shares and disposed of 47,059 shares.
6 Sept 2019director interest notice● Neutral
PATTERSON UTI ENERGY INC director Janeen S Judah sold 5,000 shares at $9.05.
23 Aug 2019debt financing▲ GoodMajor
On August 22, 2019 Patterson-UTI signed a new unsecured term loan with Wells Fargo for up to $150 million (maturing June 10, 2022, LIBOR plus 1.00%-1.375% by credit rating; press release says LIBOR + 1.125%). It plans to use that, plus cash, to prepay all of the 4.97% Series A notes due October 2020 on about September 25, 2019, at roughly $309 million including premium; the company says total debt falls by $150 million.
23 Aug 2019director interest notice● Neutral
PATTERSON UTI ENERGY INC director Curtis W Huff bought 25,000 shares on the open market at $8.08.