Volatile Movements: Sunstone Hotel Investors Inc (NYSE:SHO), Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

On Monday, shares of Sunstone Hotel Investors Inc (NYSE:SHO), included 0.22% and shut at $13.59 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $13.52 and $13.80. Sunstone Hotel Shareholders, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset administration, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States.

Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN), added 2.61% and shut at $24.74 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $10.94 and $25.01. The association’s commercial center capitalization is $3.70 Billion with the general uncommon loads of 148.11 million. Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services mainly in Texas, New Mexico, Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2015, this segment had a drilling fleet of 221 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, in addition to hydraulic and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region.

Leave a Reply

Your email address will not be published. Required fields are marked *