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

Rating:
Buy PTEN
up 51.61 %

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

Posted on: Monday,  Nov 30, 2015  10:25 AM ET by Guggenheim

Guggenheim rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 11/30/2015. Previously Guggenheim rated Sell Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 01/28/2014.,
when the stock price was $24.94. Since then, Patterson-uti Energy, Inc. has lost 34.04% as of 11/30/2015's recent price of $16.45.
If you would have followed the previous Guggenheim's recommendation on PTEN, you would have gained 51.61% of your investment in 671 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.

Guggenheim
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/30/2015 10:25 AM Buy
None
16.45
as of 8/27/2015
1 Week up  10.82 %
1 Month up  24.68 %
3 Months up  28.20 %
1 YTD up  37.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2014 8:25 AM Sell
None
24.94
1/6/2014 9:25 AM Hold
None
24.88
2/11/2013 10:25 AM Buy
None
23.43

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