Patterson-UTI Energy, Inc. (NASDAQ:PTEN) saw a 20.33% surge in its stock price last week, driven by strong third-quarter earnings and higher oil prices. The company reported a 96% decrease in net loss to $36.4 million, down from $979 million the previous year. Revenues, however, fell by 14% year-on-year to $1.17 billion. CEO Andy Hendricks credited the performance to team focus and technology edge, expecting continued margin resiliency.

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Source: Insider Monkey.

Read more at Yahoo Finance: Patterson-UTI (PTEN) Jumps 20% on Earnings Blowout, Higher Oil Prices