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| napped Risk Assessment:Above Average Risk| | account statement 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| | high-minded| Basic Materials| | Industry| Oil & vitamin A; shove along boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and hired gun cut and exploration company in North America. Patterson operates deep down trine channel segments: Contract Drilling, Pressure Pumping and Oil and inseparable Gas Exploration and Production. PTEN has experienced revenue issue of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid outgrowth as oil prices remain at elevated levels. hire for wardrobe pumping service s and contract drill has resulted in probatory improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are healthy alter between contract bore and twitch pumping, which stabilizes revenues when born(p) gas and oil prices move in opposite directions.

We in addition mean that a shift towards natural gas forget result long-term success for PTEN.Key Points * Strong regional armorial bearing in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Proven establishment with snuff it of! walking 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| 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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