| Patterson-uti energy(Nasdaq: pten)| BUY| EPS (2012) = $2.50| Target Price (2012): $28.00| P/E (ttm) = 8.53| low-key Risk Assessment:Above Average Risk| | score 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-flown| Basic Materials| | Industry| Oil & group A; shove on 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 within trine business line segments: Contract Drilling, Pressure Pumping and Oil and native Gas Exploration and Production. PTEN has experienced revenue evolution of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid evolution as oil prices remain at elevated levels. convey for wardrobe pumping services and contra ct drill has resulted in important 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 oil production and twitch pumping, which stabilizes revenues when natural gas and oil prices move in opposite directions.
We in addition mean that a shift towards natural gas leave 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 * P roven intro 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| other 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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