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

Rating:
Hold PTEN
up 40.39 %

Patterson-uti Energy, Inc. (PTEN) downgraded to Hold with price target $29 by Wunderlich

Posted on: Wednesday,  Feb 12, 2014  8:25 AM ET by Wunderlich

Wunderlich rated Hold Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 02/12/2014. Previously Wunderlich rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 07/26/2013.,
when the stock price was $20.10. Since then, Patterson-uti Energy, Inc. has gained 40.40% as of 02/12/2014's recent price of $28.22.
If you would have followed the previous Wunderlich's recommendation on PTEN, you would have gained 40.39% of your investment in 201 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/12/2014 8:25 AM Hold
None
28.22 29.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD up  11.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/26/2013 8:25 AM Buy
None
20.10 28.00
2/8/2013 8:25 AM Buy
None
23.47 28.00
9/20/2012 8:25 AM Buy
None
16.89 20.00

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