Patterson-UTI earns Strong Buy as ISI turns bullish on oil services

|About: Patterson-UTI Energy, Inc. (PTEN)|By:, SA News Editor

ISI Group turns bullish on the U.S. land rig and oil services sector after two years at neutral, as "E&P capex budgets finally appear poised for meaningful increases in 2014 driven by higher WTI prices, solid domestic production growth, and continued success in select basins." (Briefing.com)

The firm's top picks are Patterson-UTI Energy (PTEN), upgraded to Strong Buy, and Buy-rated Nabors Industries (NBR), Key Energy (KEG), and Helmerich & Payne (HP).