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

Rating:
Buy PTEN

Patterson-uti Energy, Inc. (PTEN) rated Buy with price target $26 by Dahlman Rose

Posted on: Monday,  Feb 11, 2013  4:25 PM ET by Dahlman Rose

Patterson-uti Energy, Inc. (NASDAQ: PTEN)
rated Buy with price target $26 by Dahlman Rose.

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.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2013 4:25 PM Buy
None
26.00
as of 12/31/2012
1 Week up  1.74 %
1 Month up  4.83 %
3 Months up  17.76 %
1 YTD down  -6.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/2/2011 8:25 AM Buy
None
30.98 40.00
3/8/2011 8:25 AM Buy
None
27.32 34.00
11/19/2010 8:25 AM Hold
None
19.63
4/7/2010 9:25 AM Buy
None
14.44 22.00

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