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

Rating:
Buy PTEN
up 10.63 %

Patterson-uti Energy, Inc. (PTEN) upgraded to Buy with price target $24 by C.K. Cooper

Posted on: Thursday,  Apr 29, 2010  10:25 AM ET by C.K. Cooper

C.K. Cooper rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 04/29/2010. Previously C.K. Cooper rated Sell Patterson-uti Energy, Inc. (NASDAQ: PTEN) on
01/22/2010., when the stock price was $17.38. Since then, Patterson-uti Energy, Inc. has lost 9.61% as of 04/29/2010's recent price of $15.71.
If you would have followed the previous C.K. Cooper's recommendation on PTEN, you would have gained 10.63% of your investment in 97 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.

C. K. Cooper & Company has for over a decade provided insightful research ideas and commentary. As the firm identifies focus industries it brings together an analytical team to provide unique vision and insight to select investment ideas. In addition, leveraging on the expertise of the firm, the Research Team can evaluate opportunities against a wide database of industry and competitive trends.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2010 10:25 AM Buy
None
15.71 24.00
as of 12/31/2010
1 Week down  -4.90 %
1 Month up  5.22 %
3 Months up  21.37 %
1 YTD up  41.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/22/2010 9:25 AM Sell
None
17.38

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