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

Rating:
Buy PTEN
down 49.95 %

Patterson-uti Energy, Inc. (PTEN) upgraded to Buy by Goldman

Posted on: Monday,  Mar 17, 2014  8:25 AM ET by Goldman

Goldman rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 03/17/2014, when the stock price was $30.11. Since
then, Patterson-uti Energy, Inc. has lost 49.95% as of 11/30/2015's recent price of $15.07.
If you would have followed this Goldman's recommendation on PTEN, you would have lost 49.95% of your investment in 623 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.

Goldman
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2014 8:25 AM Buy
None
30.11
as of 10/17/2014
1 Week down  -3.97 %
1 Month down  -25.56 %
3 Months down  -30.72 %
1 YTD down  -19.72 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/28/2013 8:25 AM Hold
None
22.64
5/23/2013 8:25 AM Sell
None
21.18

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