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

Rating:
Buy PTEN
down 10.98 %

Patterson-uti Energy, Inc. (PTEN) rated Buy with price target $27 by Deutsche Bank

Posted on: Thursday,  Jan 17, 2013  1:25 PM ET by Deutsche Bank

Deutsche Bank rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 01/17/2013. Previously Deutsche Bank rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on
11/28/2012., when the stock price was $16.93. Since then, Patterson-uti Energy, Inc. has lost 10.99% as of 11/30/2015's recent price of $15.07.
If you would have followed the previous Deutsche Bank's recommendation on PTEN, you would have lost 10.98% of your investment in 1097 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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/17/2013 1:25 PM Buy
None
19.18 27.00
as of 12/13/2013
1 Week down  -0.29 %
1 Month down  -3.53 %
3 Months up  14.34 %
1 YTD up  27.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/28/2012 2:25 PM Buy
None
16.93 28.00

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