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

Rating:
Neutral PTEN

Patterson-uti Energy, Inc. (PTEN) rated Neutral with price target $20 by UBS

Posted on: Friday,  Oct 29, 2010  12:25 PM ET by UBS

UBS rated Neutral Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 10/29/2010. Previously UBS rated Sell Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 05/14/2009.,
when the stock price was $13.10. Since then, Patterson-uti Energy, Inc. has gained 17.40% as of 10/01/2009's recent price of $15.38.
If you would have followed the previous UBS's recommendation on PTEN, you would have lost 14.82% of your investment in 140 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2014 11:25 AM Buy
None
25.05
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/7/2014 11:25 AM Hold
None
28.08 30.00
2/8/2013 11:25 AM Hold
None
23.06 25.00
7/30/2012 12:28 PM Hold
None
15.69 17.00
7/29/2011 10:25 AM Hold
None
32.22 36.00
4/29/2011 10:25 AM Hold
None
31.48 34.00
2/4/2011 8:25 AM Hold
None
25.32 27.00
10/29/2010 12:25 PM Hold
None
19.20 20.00
10/1/2009 8:25 AM Hold
None
15.38
5/14/2009 8:25 AM Sell
None
13.10

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