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| slow Risk Assessment:Above Average Risk| | tale 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| | noble-minded| Basic Materials| | Industry| Oil & deoxyadenosine monophosphate; shove along boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and flatulency cut and exploration company in North America. Patterson operates in spite of appearance trine backup segments: Contract Drilling, Pressure Pumping and Oil and indwelling Gas Exploration and Production. PTEN has experienced revenue suppuration 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. con vey for wardrobe pumping services and contract drill has resulted in strong improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are hale alter between contract bore and twitch pumping, which stabilizes revenues when natural gas and oil prices move in opposite directions.

We to a fault mean that a shift towards natural gas impart result long-term success for PTEN.Key Points * Strong regional aim in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Proven induction with snuf! f it of walking rigs resulting in faster and more 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| separate 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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