Patterson-UTI: Choosing Cash Flow Over Expansion Into Data Centers (NASDAQ:PTEN)
Patterson-UTI (PTEN) has prioritized cash generation and returns, a strategy that appears justified by current market trends despite the company lagging behind other oilfield services. The recent Q4 earnings beat and a 25% dividend increase, boosting the yield to 4.6%, have positively impacted investor interest in the stock. This approach focuses on financial strength rather than expanding into areas like data centers or heavier exposure to international markets.
https://seekingalpha.com/article/4867854-patterson-uti-choosing-cash-flow-over-expansion-into-data-centers