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

Rating:
Buy PTEN
down 31.34 %

Patterson-uti Energy, Inc. (PTEN) rated Buy by BofA/Merrill

Posted on: Thursday,  Sep 26, 2013  9:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 09/26/2013, when the stock price was $21.95. Since
then, Patterson-uti Energy, Inc. has lost 31.34% as of 11/30/2015's recent price of $15.07.
If you would have followed this BofA/Merrill's recommendation on PTEN, you would have lost 31.34% of your investment in 795 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/26/2013 9:25 AM Buy
None
21.95
as of 12/13/2013
1 Week down  -0.29 %
1 Month down  -3.53 %
3 Months up  8.20 %
1 YTD up  8.20 %

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