BUY| EPS (2012) = $2.50| Target Price (2012): $28.00|
P/E (ttm) = 8.53| soft Risk Assessment:Above Average Risk|
| chronicle 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|
| empyrean| Basic Materials|
| Industry| Oil & shove along boring & exploration|
Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and accelerator cut and exploration company in North America. Patterson operates within trine business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production. PTEN has experienced revenue growth of 87.1% and 75.4% in 2010 and 2011, respectively, and the intentness as a whole is experiencing rapid growth as oil prices remain at elevated levels. Demand for wardrobe pumping services and contract drill has resulted in significant improvements in profitability for the company and for its shareholders. In addition, despite declining prices in inseparable gas PTENs operations are well alter between contract drilling and twitch pumping, which stabilizes revenues when natural gas and oil prices move in opposite directions.
We also mean that a shift towards natural gas will result long-term success for PTEN.Key Points * Strong regional presence in the Southwestern and Northeastern United States * Strong top-line and bottom-line growth everyplace the last two years * Proven innovation 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: Orderessay
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