Oil & Gas Drilling & Exploration New Highs: Patterson-UTI Energy (NASDAQ:PTEN), Antero Resources (NYSE:AR), Helmerich & Payne (NYSE:HP), PES

Goldman Sachs also added the Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to its “Conviction Buy” list Monday as it upgraded the second largest domestic land driller from “Neutral”. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares after opening at $30.15 moved to $30.72 on last trade day and at the end of the day closed at $30.68. Company price to sales ratio in past twelve months was calculated as 1.61 and price to cash ratio as 21.40. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) showed a positive weekly performance of 6.53%.

Management and employees of oil and natural gas company Antero Resources Corp (NYSE:AR) are pledging $100,000 to West Virginia University’s law school. Antero Resources Corp (NYSE:AR) shares advanced 3.78% in last trading session and ended the day on $63.35. Antero Resources Corp (NYSE:AR) return on equity ratio is recorded as -4.70% and its return on assets is -1.80%.

Helmerich & Payne, Inc. (NYSE:HP) fiscal first quarter results were buoyed by a robust international land drilling business. The company is a leading drilling contractor with activities in the U.S. and overseas. Helmerich & Payne, Inc. (NYSE:HP) shares moved up 1.38% in last trading session and was closed at $102.50, while trading in range of $100.34 – $102.87. Helmerich & Payne, Inc. (NYSE:HP) year to date (YTD) performance is 22.78%.

San Antonio-based Pioneer Energy Services Corp (NYSE:PES) has closed an offering of $300 million in senior debt announced earlier this month, officials say. Pioneer Energy Services Corp (NYSE:PES) weekly performance is 8.15%. On last trading day company shares ended up $12.34. Pioneer Energy Services Corp (NYSE:PES) distance from 50-day simple moving average (SMA50) is 29.82%. Analysts mean target price for the company is $11.94.

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