Equity Research on Patterson-UTI Energy Inc. and Hercules Offshore Inc. - Mixed Results for Drillers
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/27/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Oil & Gas Drilling & Exploration industry and are offering free analytical research on (NASDAQ: PTEN) and (NASDAQ: HERO). Register with us today at to have free access to these research reports.
Companies within the oil and gas drilling and exploration industry have been moving in different directions. Since the beginning of the year, there does appear to be a correlation between types of drilling operations and success though. Get your free reports on and at . There is no commitment to join.
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Some companies with shallow water operations have not fared as well as their deep-water and land-based counterparts. Hercules Offshore Inc. saw fourth quarter revenues fall slightly on a year-over-year basis. The company does expect demand for jack-up rigs in the Gulf to improve this year though. report is accessible for free by registering today at .
Land-based and deep-water drillers keep posting impressive numbers as a whole. Patterson-UTI Energy Inc., the second largest land-drilling contractor in North America, saw fourth quarter revenues jump 43.3% over the prior year period. report is accessible for free by registering today at .
Moving forward, if oil prices remain steady and demand levels hold or improve, industry-wide growth appears within reach. Natural gas price improvement would also help companies with such operations.
The two stocks research reports are available for free by signing up now on .
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