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Patterson-uti Energy, Inc. (PTEN) [hlAlert]

up 0.60 %

Patterson-uti Energy, Inc. (PTEN) rated Outperform by Credit Agricole

Posted on: Wednesday,  Dec 12, 2012  8:25 AM ET by Credit Agricole

Credit Agricole rated Outperform Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 12/12/2012. Previously Credit Agricole rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on
09/05/2012., when the stock price was $14.98. Since then, Patterson-uti Energy, Inc. has gained 0.60% as of 11/30/2015's recent price of $15.07.
If you would have followed the previous Credit Agricole's recommendation on PTEN, you would have gained 0.6% of your investment in 1181 days.

Patterson is one of the leading providers of domestic land drillingservices to major & independent oil & natural gas companies. The Company focuses its operations in Texas & southeast New Mexico. The Company currently has a drilling fleet of 114 drilling rigs, 108 of which are currently operable. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company's drilling contract operations, the oil & natural gas operations are no longer material to the Company's overall operations.

Credit Agricole
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2012 8:25 AM Buy
as of 12/31/2012
1 Week up  1.74 %
1 Month up  4.83 %
3 Months up  17.76 %
1 YTD up  3.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2012 8:25 AM Buy

(*) Stock Price at the time of the recommendation.
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