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

Sector Outperform
down 52.03 %

Patterson-uti Energy, Inc. (PTEN) rated Sector Outperform with price target $38 by Howard Weil

Posted on: Friday,  Oct 24, 2014  9:25 AM ET by Howard Weil

Howard Weil rated Sector Outperform Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 10/24/2014. Previously Howard Weil rated Market Outperform Patterson-uti Energy, Inc. (NASDAQ: PTEN)
on 04/29/2011., when the stock price was $31.42. Since then, Patterson-uti Energy, Inc. has lost 52.04% as of 11/30/2015's recent price of $15.07.
If you would have followed the previous Howard Weil's recommendation on PTEN, you would have lost 52.03% of your investment in 1676 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.

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/24/2014 9:25 AM Buy
24.83 38.00
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
2/11/2013 9:25 AM Buy
23.64 27.00
10/28/2011 9:25 AM Buy
21.30 29.00
4/29/2011 9:25 AM Buy
31.42 38.00
12/20/2010 10:25 AM Hold
21.09 26.00
1/21/2010 10:25 AM Hold
17.81 20.00
9/29/2009 10:25 AM Sell
14.58 16.00

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