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

Rating:
Hold PTEN

Patterson-uti Energy, Inc. (PTEN) rated Hold by Tudor Pickering

Posted on: Wednesday,  Sep 9, 2015  10:25 AM ET by Tudor Pickering

Patterson-uti Energy, Inc.
(NASDAQ: PTEN) rated Hold by Tudor Pickering.

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.

Tudor Pickering
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2015 10:25 AM Hold
None
14.80
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2013 10:25 AM Hold
None
19.36

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