Patterson-UTI Energy (NASDAQ:PTEN) is a US small cap stock which sits in the energy sector. It generates revenue by providing onshore contract drilling and pressure pumping services to exploration and production companies in North America.
There are both macro and micro features which make this stock a compelling buy. Recent technological advancements, commonly known as "fracking", have allowed many basins within the US to become economically viable. This has begun to, and will continue to lead to an increase in onshore drilling within the US, which should see PTEN grow revenues. On a micro level, PTEN is currently trading on around 11x earnings, so it is a very good entry point for an energy stock with long term...
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