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

Rating:
Overweight
PTEN
down 34.59 %

Patterson-uti Energy, Inc. (PTEN) rated Overweight with price target $34 by Barclays

Posted on: Wednesday,  Apr 16, 2014  12:00 AM ET by Barclays

Barclays rated Overweight Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 04/16/2014. Previously Barclays rated Overweight Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 02/08/2013.,
when the stock price was $23.04. Since then, Patterson-uti Energy, Inc. has lost 34.59% as of 11/30/2015's recent price of $15.07.
If you would have followed the previous Barclays's recommendation on PTEN, you would have lost 34.59% of your investment in 1025 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/16/2014 12:00 AM Buy
None
32.69 34.00
as of 10/17/2014
1 Week down  -3.97 %
1 Month down  -25.56 %
3 Months down  -30.72 %
1 YTD down  -4.54 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/26/2013 1:25 PM Buy
None
20.95 27.00
2/8/2013 1:25 PM Buy
None
23.04 30.00

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