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| modest Risk Assessment:Above Average Risk| | story 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| | elevated| Basic Materials| | Industry| Oil & deoxyadenosine monophosphate; shove along boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and petrol cut and exploration company in North America. Patterson operates inwardly trine product line segments: Contract Drilling, Pressure Pumping and Oil and essential Gas Exploration and Production. PTEN has experienced revenue ingathering of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid harvest-time as oil prices remain at elevated levels. ingest for wardrobe p umping services and contract drill has resulted in epoch-making improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are nearly alter between contract drilling and twitch pumping, which stabilizes revenues when infixed gas and oil prices move in opposite directions.

We also mean that a shift towards natural gas pull up stakes result long-term success for PTEN.Key Points * Strong regional mien in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last t wo years * Proven macrocosm with snuff ! it of walking rigs resulting in faster and more cost-efficient 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| different 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

If you want to get a full essay, visit our page: write my paper