Orlando, FL -- (SBWIRE) -- 09/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Patterson-UTI Energy, Inc. (NASDAQ:PTEN), PDL BioPharma Inc. (NASDAQ:PDLI).
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares fell 2.45% to $19.11. The company, on August 5, reported that for the month of July 2013, the Company had an average of 180 drilling rigs operating in the United States and 8 rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract.
Additionally, the company, on July 25, reported financial results for the three months ended June 30, 2013. The Company reported net income of $40.8 million, or $0.28 per share, for the second quarter of 2013, compared to net income of $92.5 million, or $0.60 per share, for the quarter ended June 30, 2012. Revenues for the second quarter of 2013 were $659 million, compared to $681 million for the second quarter of 2012.
The Company reported net income of $97.0 million, or $0.66 per share, for the six months ended June 30, 2013, compared to net income of $190 million, or $1.22 per share, for the six months ended June 30, 2012. Revenues for the six months ended June 30, 2013 were $1.3 billion, compared to $1.4 billion for the same period in 2012.
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PDL BioPharma Inc. (NASDAQ:PDLI) stock fell 0.90% to $7.72. The company will begin trading ex-dividend on September 03, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on September 12, 2013. Shareholders who purchased PDLI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that PDLI has paid the same dividend.
Additionally, the company on August 8 reported financial results for the second quarter and six months ended June 30, 2013. Royalty revenues for the second quarter of 2013 increased 14 percent to $143.6 millionfrom $125.9 millionreported in the second quarter of 2012. Net income for the second quarter of 2013 was $93.7 million, or $0.62per diluted share, as compared with net income of $73.5 million, or $0.52per diluted share, in the same quarter of 2012.
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