Patterson-UTI Energy (PTEN) Coverage Initiated at Stephens


Over the past five trading sessions it is 4.57%; 10.81% for the month; 15.91% for the last quarter; 20.9% for the past six-months; and -12.47% for the last 12 months. About 2.43M shares traded or 13.99% up from the average. Hudbay Minerals Inc. (NYSE:HBM) has risen 39.53% since January 12, 2017 and is uptrending.

Winch Advisory Services Llc decreased its stake in Patterson (PTEN) by 99.74% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Timber Hill LLC bought a new position in Patterson-UTI Energy in the 3rd quarter worth $256,000.

Patterson-UTI Energy, Inc is an oilfield services company. The stock decreased 0.38% or $0.16 during the last trading session, reaching $42.44. As a result results using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference. BlackRock Inc. boosted its stake in Patterson-UTI Energy by 11.5% during the 2nd quarter. It has outperformed by 16.21% the S&P500. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported.

Investors sentiment increased to 1.03 in Q3 2017. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.23. Ci Invests reported 2.15 million shares. 80 funds opened positions while 259 raised stakes. Teacher Retirement Sys Of Texas holds 1.43% or 2.44 million shares. Commonwealth Bancorp Of Aus reported 901,658 shares. Wealth Architects Llc has 8,668 shares. Grassi Investment Management holds 7,027 shares or 0.12% of its portfolio. Pettee has 99,001 shares. Kbc Group Nv invested in 0.08% or 89,937 shares. (NASDAQ:PTEN). Profund Advsrs Lc owns 35,993 shares for 0.03% of their portfolio. 287,625 are owned by State Board Of Administration Of Florida Retirement. First Manhattan holds 193,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 7,448 shares. Glovista Invs Ltd Company invested in 0.05% or 10,617 shares. Summit Asset Management Limited Liability Corp holds 2,275 shares. Hollencrest Secs Ltd Liability Corporation owns 7,235 shares or 0.04% of their U.S. portfolio. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company's stock. Therefore 65% are positive. The stock has a market capitalization of $5,490.00, a P/E ratio of -15.94 and a beta of 1.08. Cowen & Co maintained the stock with "Outperform" rating in Friday, July 24 report. As per Wednesday, October 26, the company rating was upgraded by Barclays Capital. The firm has "Neutral" rating given on Friday, October 27 by Credit Suisse. Keefe Bruyette & Woods downgraded JPMorgan Chase & Co. The rating was maintained by Citigroup on Tuesday, August 9 with "Neutral". The rating was upgraded by KBW to "Outperform" on Monday, August 17. A 30 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:CMCSA) or, if they already own its stock, sell it.

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Since August 21, 2017, it had 0 insider purchases, and 2 insider sales for $1.12 million activity. After having $-0.16 EPS previously, Patterson-UTI Energy, Inc.'s analysts see -50.00% EPS growth. Lpl Fincl Ltd Liability Com reported 0% in Patterson-UTI Energy, Inc. During the same period in the prior year, the business posted ($0.58) earnings per share. Encompass Capital Advisors Llc who had been investing in Patterson Uti Energy Inc for a number of months, seems to be less bullish one the $5.49 billion market cap company.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Patterson-UTI Energy Inc had 97 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Evercore on Tuesday, June 6 with "Buy". Wells Fargo downgraded the stock to "Market Perform" rating in Tuesday, September 1 report. Citigroup set a $24.00 target price on Patterson-UTI Energy and gave the stock a buy rating in a report on Thursday, October 5th. The firm earned "Buy" rating on Wednesday, August 30 by Citigroup. Standpoint Research initiated General Electric Company (NYSE:GE) on Friday, July 22 with "Sell" rating. The firm has "Neutral" rating by Credit Suisse given on Monday, September 11. The stock has "Buy" rating by Piper Jaffray on Thursday, July 27. The rating was upgraded by KeyBanc Capital Markets to "Overweight" on Wednesday, January 4.

Chilton Capital Management Llc, which manages about $1.18 billion and $1.04 billion US Long portfolio, decreased its stake in Waters Corp (NYSE:WAT) by 3,069 shares to 6,667 shares, valued at $1.20M in 2017Q3, according to the filing. It also increased its holding in Bp Plc Spons Adr (NYSE:BP) by 22,758 shares in the quarter, for a total of 56,213 shares, and has risen its stake in Vanguard Short Term Bond Fund (BSV). Its down 0.06, from 0.93 in 2017Q2. It turned negative, as 40 investors sold PTEN shares while 64 reduced holdings. 118 funds opened positions while 525 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. (NASDAQ:PTEN). Key (Cayman) Ltd reported 1.29M shares stake. Tokio Marine Asset Management Ltd has 0.17% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 128,000 shares. Creative Planning has 0.01% invested in Patterson-UTI Energy, Inc. Doheny Asset Mgmt Ca invested in 0.8% or 72,092 shares. PNC Financial Services Group Inc. raised its holdings in Patterson-UTI Energy by 11.7% in the 2nd quarter. (NASDAQ:PTEN). Horizon Kinetics Limited Liability Corporation holds 493,742 shares. Prudential Public Ltd Com owns 7,200 shares for 0% of their portfolio. At Bancorporation, a Iowa-based fund reported 6,400 shares. Royal Retail Bank Of Canada owns 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 732,480 shares. Nippon Life Global Investors Americas reported 19,750 shares. Brandywine invested in 36,840 shares or 1.27% of the stock. Patterson-UTI Energy had a negative return on equity of 7.31% and a negative net margin of 14.73%. The firm earned "Buy" rating on Tuesday, February 14 by Guggenheim.