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

Rating:
Neutral PTEN

Patterson-uti Energy, Inc. (PTEN) rated Neutral by MKM Partners

Posted on: Wednesday,  Feb 3, 2010  9:25 AM ET by MKM Partners

Patterson-uti Energy, Inc.
(NASDAQ: PTEN) rated Neutral by MKM Partners.

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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2010 9:25 AM Hold
None
16.67
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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