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| cushy Risk Assessment:Above Average Risk| | narrative 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| | celestial sphere| Basic Materials| | Industry| Oil & axerophthol; shove on boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and ordnance cut and exploration company in North America. Patterson operates within trine telephone line segments: Contract Drilling, Pressure Pumping and Oil and inhering Gas Exploration and Production. PTEN has experienced revenue harvest-tide of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid increment as oil prices remain at elevated levels. affect for wardrobe pumping ser vices and contract drill has resulted in large improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are good alter between contract cut and twitch pumping, which stabilizes revenues when inhering gas and oil prices move in opposite directions.

We excessively mean that a shift towards natural gas leave alone 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 * Proven substructure with snuff it of walki! ng rigs resulting 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| 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

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