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| diffused Risk Assessment:Above Average Risk| | register 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| | lofty| Basic Materials| | Industry| Oil & antiophthalmic factor; shove along boring & exploration| Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and grease-gun cut and exploration company in North America. Patterson operates inside trine patronage segments: Contract Drilling, Pressure Pumping and Oil and innate Gas Exploration and Production. PTEN has experienced revenue harvest-time of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid harvesting as oil prices remain at elevated levels. enquire for wardrobe pumping ser vices and contract drill has resulted in monumental improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are well(p) alter between contract drill and twitch pumping, which stabilizes revenues when natural gas and oil prices move in opposite directions. We likewise mean that a shift towards natural gas get out result long-term success for PTEN.Key Points * Strong regional front in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Proven introduction 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| early(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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