(NEW YORK)Shares of Helmerich & Payne Inc. rose Wednesday after Goldman Sachs urged investors to buy shares of the contract oil driller. The investment bank began covering the Tulsa, Okla. c...READ MORE
(NEW YORK)Shares of drilling contractors rose Friday as crude prices turned sharply higher and investors cheered strong earnings from a number of key companies.READ MORE
Among the earnings stories for Thursday, May 1, from AP Financial News: NEW YORK (AP) _ Thomson Reuters Corp., a newly merged provider of business and legal information, says pro-f...READ MORE
(HOUSTON)Oil and gas driller Patterson-UTI Energy Inc. said Thursday it raised its quarterly dividend by 33 percent to 16 cents from 12 cents. The dividend is payable June 27 to shareholder...READ MORE
(SNYDER, Texas)Patterson-UTI Energy Inc. said Thursday its fourth-quarter profit fell sharply as demand slowed for its contract drilling services amid a glut of rigs.READ MORE
(NEW YORK)A Jefferies & Co. analyst upgraded a group of onshore oil drillers Monday, saying the stocks should rise in the next few months as drilling activity and contract sizes stabilize.READ MORE
(SNYDER, Texas)Patterson-UTI Energy Inc. operated fewer drilling rigs last month, the oil drilling contractor said Friday, as daily contract rates for the broader sector remained under pressure.READ MORE