🟢 Patterson-UTI Energy is trading 4.1% up today on Q2 revenue and optimistic rig count outlook

Patterson-UTI Energy is trading 4.1% up now at $10.25, extending a sharp post-earnings rebound.

• Shares are reacting to a Q2 report showing $1.23 billion in revenue and improving U.S. onshore momentum, with management signaling the U.S. rig count could exceed 100 by year-end.
• Investors are focusing on completion-services strength and an anticipated inflection in activity, looking past a small GAAP loss and broader mixed market action.