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

Rating:
Outperform
PTEN
down 10.29 %

Patterson-uti Energy, Inc. (PTEN) rated Outperform by BMO Capital Markets

Posted on: Thursday,  Oct 15, 2009  8:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Outperform Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 10/15/2009, when the stock price was $16.80.
Since then, Patterson-uti Energy, Inc. has lost 10.30% as of 11/30/2015's recent price of $15.07.
If you would have followed this BMO Capital Markets's recommendation on PTEN, you would have lost 10.29% of your investment in 2237 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2009 8:25 AM Buy
None
16.80
as of 12/31/2009
1 Week up  29.48 %
1 Month up  34.69 %
3 Months up  23.39 %
1 YTD up  23.39 %

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