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Enter Symbol:
Rating: PTEN
up 34.00 %

Patterson-uti Energy, Inc. (NASDAQ: PTEN) upgraded to Buy by Guggenheim

Monday,  Nov 30, 2015  10:25 AM ET by Dave Ficere

Guggenheim upgraded Patterson-uti Energy, Inc. (NASDAQ: PTEN) to Buy. Previously Guggenheim rated Sell Patterson-uti Energy, Inc. (NASDAQ: PTEN) on 01/28/2014, when
the stock price was $24.94. Since then, Patterson-uti Energy, Inc.'s stock price has lost 34% as of 11/30/2015's recent price of $16.45.
If you would have followed the previous Guggenheim's recommendation on PTEN, you would have gained 34% of your investment in 671 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.


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