This Oil-Field Services Stock Got Slammed Twice by Q4 2019 Earnings

Nobody should be surprised that onshore drilling-rig operator Patterson-UTI Energy (NASDAQ: PTEN) turned in poor results for Q4 2019 on Feb. 6. The entire oil-field services industry had a rough quarter, and many companies have seen their share prices tumble after releasing their numbers. The stock market was particularly hard on Patterson, sending shares down 16.4% in the wake of its earnings miss.

But that's not the worst of it: Patterson's stock actually got hit twice this earnings season! 

Patterson-UTI Energy's rig count slipped again in Q4, resulting in further underperformance. Image source: Getty Images.

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Source Fool.com