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Patterson-UTI at Great Value

Tags: pten
22 Nov 5:46am
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Patterson-UTI Energy, Inc. (PTEN) is one of the largest onshore contract drillers in the U.S. with approximately 350 land-based rigs that operate primarily in the oil and natural gas producing regions of North America.The pullback in natural gas prices from their late-summer highs and the credit turmoil have helped erase the gains made by Patterson-UTI shares in the first half of the year and then some. But these negatives are already price in, leaving little downside risk from curren...

Vital Images Not Too Crucial

Tags: vtal
22 Nov 4:44am
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Vital Images, Inc. (VTAL) develops, markets, and supports medical visualization and analysis software for use primarily in clinical diagnosis, disease screening, and therapy planning. The company's software applies proprietary computer graphics and image processing technologies to a wide variety of data supplied by computed tomography (CT), magnetic resonance (MR), and positron emission tomography (PET) scanners.VTAL reported Q3 EPS that beat our estimate by $0.04 on revenue that also...

American Tower's Grand Outlook

Tags: amt
22 Nov 4:11am
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American Tower Corp. (AMT), a leading operator of wireless communications towers in the US and other emerging markets, declared third quarter 2008 financial results above our estimates. Overall performance has been driven by substantial demand for additional tower space to facilitate high-speed wireless data services and mobile video, along with emerging 3G technologies. Rental & management revenue, adjusted EBITDA, and free cash flow financial metrics remain favorable. We believ...

Double Eagle an Undervalued E&P

Tags: dble
22 Nov 3:46am
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We are maintaining our Buy recommendation on Casper, Wyoming-based Double Eagle Petroleum Co. (DBLE), a small-cap exploration and production (E&P) company, following the company's strong third-quarter results, with volumes up roughly 150% from the year-earlier level. We continue to believe that Double Eagle's low-risk reserves base and significant near-term production growth from the Atlantic Rim are undervalued. With production from the Catalina unit continuing to exceed our exp...

BJ's Wholesale Fairly Discounted

Tags: bj
22 Nov 3:23am
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BJ's Wholesale Club Inc. (BJ) is the third largest warehouse club operator in the U.S. BJ's reported better-than-expected results for the third-quarter, beating the EPS consensus by $0.03 and coming in at the high end of its most recent guidance. The upside was due to a boost in gasoline sales and profits. The company also upped its earnings guidance for fiscal 2008 from $2.10-$2.20 to $2.20-$2.30. Even so, we are reducing our fiscal 2008 EPS estimate by $0.02 and our fiscal 2009 EP...

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