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

Rating:
Buy PTEN
down 31.18 %

Patterson-uti Energy, Inc. (PTEN) rated Buy

Posted on: Friday,  Sep 7, 2007  9:25 AM ET by Bernstein

Bernstein rated Buy Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 09/07/2007, when the stock price was $21.90. Since
then, Patterson-uti Energy, Inc. has lost 31.19% as of 11/30/2015's recent price of $15.07.
If you would have followed this Bernstein's recommendation on PTEN, you would have lost 31.18% of your investment in 3006 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.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/7/2007 9:25 AM Buy
None
21.90
as of 8/27/2015
1 Week down  -10.82 %
1 Month down  -24.68 %
3 Months down  -28.20 %
1 YTD down  -40.48 %

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