Patterson-UTI Energy Inc

NASDAQ: PTEN
$11.53
-$0.07 (-0.6%)
Closing price April 24, 2024
Patterson-UTI Energy Inc is a key player in the oil and natural gas sector, offering a wide range of services across the United States and internationally. With a focus on contract drilling, the company supports oil and gas operators with essential services including directional drilling, equipment certification, and automation solutions. Additionally, Patterson-UTI Energy extends its expertise to completion services like hydraulic fracturing and cementing, alongside manufacturing drill bits for the energy and mining industries. Founded in 1978 and based in Houston, Texas, the company stands as a vital resource for the energy, marine, and mining sectors.
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These analyst favorites may appeal to aggressive accounts looking to get share count leverage on companies that have sizable upside potential.
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The days of zero volatility and smooth sailing may be over, and it could be time to switch from growth to value stocks as the valuation difference between the two is stunning.
In a new research report, Jefferies makes the bold contrarian call of advising clients and investors to take advantage of price drops in some of the top land drillers and buy shares now.
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