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

Market Perform

Patterson-uti Energy, Inc. (PTEN) rated Market Perform with price target $40 by Cowen

Posted on: Thursday,  Jul 24, 2014  12:00 AM ET by Cowen

Cowen rated Market Perform Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 07/24/2014. Previously Cowen rated Outperform Patterson-uti Energy, Inc. (NASDAQ: PTEN) on
07/29/2013., when the stock price was $19.72. Since then, Patterson-uti Energy, Inc. has gained 13.79% as of 10/09/2013's recent price of $22.44.
If you would have followed the previous Cowen's recommendation on PTEN, you would have gained 13.79% of your investment in 72 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.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2014 12:00 AM Hold
37.39 40.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/12/2014 8:25 AM Hold
28.22 29.00
10/9/2013 8:25 AM Hold
22.44 24.00
7/29/2013 12:25 PM Buy
19.72 22.00

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