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

Rating:
Hold PTEN

Patterson-uti Energy, Inc. (PTEN) rated Hold by Jesup & Lamont

Posted on: Tuesday,  Dec 9, 2008  8:25 AM ET by Jesup & Lamont

Patterson-UTI (PTEN) rated
Hold by Jesup & Lamont.

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.

Jesup & Lamont's research analysts provide world class research analysis to our clients. Our goal is to deliver fresh ideas within the right sectors, at the right time. In addition to fundamental analysis of companies and sectors, we employ strategists, and technical analysts with comprehensive research insights. As much as we put an emphasis on having the best analytical minds in the business and high ethical standards, intellectual honesty and objectivity are equally as important. Based on its experience and depth of resources, Jesup & Lamont Equity Research provides the financial and strategic advice necessary for successful equity management. Dedicated to providing insightful analysis of stockmarkets and companies, Jesup & Lamont Equity Research is recognized for the quality and timeliness of its investment recommendations. In Equity Research, we have significantly expanded our capabilities to better serve our corporate and institutional clients. Our current coverage list spotlights; Aerospace & Defense, Alternative Energy, Oil & Gas, Retail, Transportation and Utilities. Research extends into every corner of our equities business, supplying invaluable analysis, information, and advise for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2008 8:25 AM Hold
None
10.45
as of 12/24/2008
1 Week up  6.14 %
1 Month up  21.63 %
3 Months   
1 YTD up  21.63 %

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