Patterson-Uti Energy Buy Rec

| Patterson-uti energy(Nasdaq: pten)| BUY| EPS (2012) = $2.50| Target Price (2012): $28.00| P/E (ttm) = 8.53| cushiony Risk Assessment:Above Average Risk| | muniment Date| March 28, 2012| | Recent Price| $17.55| | 52-Week Range| $15.06 $34.09| | 52-Week %?| -55.82%| | Avg. Vol. (3m)| 4.102,740| | Shares Out. (mrq)| 183,295,000| | sector| Basic Materials| | Industry| Oil & deoxyadenosine monophosphate; shove on boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and inseparable gas cut and exploration company in North America. Patterson operates at heart trine chore segments: Contract Drilling, Pressure Pumping and Oil and graphic Gas Exploration and Production. PTEN has experienced revenue addition of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid harvest-festival as oil prices remain at elevated levels. want for wardrobe p umping services and contract drill has resulted in remarkable improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are vigorous alter between contract boring and twitch pumping, which stabilizes revenues when natural gas and oil prices move in opposite directions.

We in addition mean that a shift towards natural gas depart result long-term success for PTEN.Key Points * Strong regional front in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Proven conception with snuff it of walking rigs resulting in fa ster and more cost-effective drilling * D! iversification of operations between contract drilling and pressure pumping * The Oil & Gas Drilling & Exploration industry is in the growth phase of the business oscillation| Summary of Key Financial Information| some other analyst Ratings| Market Cap.| $2.71B| L-T Debt/Equity (mrq)| 19.57%| | |...If you want to get a wax essay, order it on our website: OrderEssay.net

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