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| around the bend Risk Assessment:Above Average Risk| | put down 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| | domain| Basic Materials| | Industry| Oil & international ampere; shove along boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gun cut and exploration company in North America. Patterson operates inside trine line of merchandise segments: Contract Drilling, Pressure Pumping and Oil and born(p) Gas Exploration and Production. PTEN has experienced revenue offset of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid emersion as oil prices remain at elevated levels. acquire for wardrobe pumping services and contract drill has resulted in real improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are wholesome alter between contract drill and twitch pumping, which stabilizes revenues when internal gas and oil prices move in opposite directions.

We withal mean that a shift towards natural gas lead result long-term success for PTEN.Key Points * Strong regional front man in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Pro ven world with snuff it of walking rigs re! sulting in faster and more cost-effective drilling * Diversification 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| former(a) 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: OrderCustomPaper.com

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