Patterson-UTI Energy Inc. (PTEN) — Trending Stock Analysis

Patterson-UTI Energy Inc. (PTEN) — Trending Stock Analysis

Patterson-UTI Energy has an average rating of "Buy" and an average target price of $26.28. The SI to Patterson-uti Energy Incorporated's float is 8.96%.

The counter witnessed a trading volume of 4.48 million shares versus an average volume of 3.5 million shares during last trading session.

Patterson-UTI Energy, Inc. (PTEN) stock price traded at a gap of -22.15% from an average price of last twenty days and stands at a distance of -20.16% away from it's an average price of recent fifty days. It has outperformed by 16.21% the S&P500. Over the same time span, the stock marked US$23.49 as its best level and the lowest price reached was US$5.5. The Intrepid Capital Management Inc holds 608,980 shares with $12.75 million value, down from 867,880 last quarter. The stock decreased 1.29% or $0.23 during the last trading session, reaching $17.92. The shares now trade at $17.80 and have been able to report a change of -22.47% over the past one week. General Mills, Inc. (NYSE:GIS) has declined 10.63% since February 14, 2017 and is downtrending. It has underperformed by 15.13% the S&P500.

Investors sentiment increased to 0.79 in 2017 Q3. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. 30 funds opened positions while 117 raised stakes. The daily trading volume average remained 9.68 million shares over the course of 3 months.

The stock has Return on Assets (ROA) of -5.7 percent. Moreover, Oceanic Investment Management Ltd has 5.53% invested in the company for 362,775 shares. Eaton Vance Mgmt holds 158,624 shares. Heartland Advsr accumulated 526,311 shares. Advsrs Asset Mgmt holds 0.02% or 58,897 shares in its portfolio. The oil and gas company reported ($0.10) EPS for the quarter, missing the Zacks' consensus estimate of ($0.08) by ($0.02). J.P. Morgan upgraded Patterson-UTI Energy, Inc. (NASDAQ:CME) for 517 shares. Auxier Asset Mngmt reported 0.34% stake. Patterson-UTI Energy's payout ratio is -61.54%. (NASDAQ:PTEN) for 1.25 million shares. Patterson-UTI Energy's payout ratio is now -57.14%. (NASDAQ:PTEN). Moreover, Hancock Comm has 0.06% invested in Patterson-UTI Energy, Inc. Arosa Capital Management LP invested in 123,302 shares. Guild Inv stated it has 35,340 shares. During the key period of last 5 years, Patterson-UTI Energy, Inc. Therefore 71% are positive. Finally, TheStreet raised Patterson-UTI Energy from a "d+" rating to a "c-" rating in a research report on Monday, December 4th. The firm has "Neutral" rating by Credit Suisse given on Wednesday, January 4. They anticipate the PTEN stock will hit $27.19 on a short term (12 month) basis.

Now we move forward to see the historical returns of Patterson-UTI Energy, Inc. which is United States of America based stock. A ratio that is above 1 shows that there is an increase in stock price over that period. Susquehanna maintained Patterson-UTI Energy, Inc. Sg Americas Securities Ltd Co holds 0.01% or 31,689 shares in its portfolio.

Irving Kahn increased its stake in Patterson Energy (PTEN) by 39.44% based on its latest 2017Q3 regulatory filing with the SEC. The company has market cap of $4.10 billion. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. It has a 593.33 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

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Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.16, from 1 in 2017Q2. It is positive, as 72 investors sold American International Group, Inc. shares while 293 reduced holdings. Parametric reported 393,732 shares. Schwab Charles Invest Management holds 771,726 shares.

Disclaimer: Any news, report, research, and analysis published on are only for information purposes. Energ Opportunities Mngmt Limited holds 444,897 shares or 6.06% of its portfolio. Jefferies has "Buy" rating and $2600 target. Ibm Retirement Fund has 14,429 shares. Northern Trust invested in 0.01% or 1.79M shares.

On 6/12/2014 Kenneth N Berns, SVP, sold 85,000 with an average share price of $33.62 per share and the total transaction amounting to $2,857,700.00. (NYSE:GIS) for 2,556 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 7,448 shares or 0% of the stock. Cubist Systematic Strategies Lc reported 51,594 shares. Bankshares Of Montreal Can owns 254,555 shares or 0% of their U.S. portfolio. Da Davidson & Communications owns 0.02% invested in Albemarle Corporation (NYSE:ALB) for 6,333 shares.

Analysts await Mercadolibre, Inc. The hedge fund run by Robert Rodriguez held 1.80 million shares of the energy company at the end of 2017Q3, valued at $37.79 million, up from 1.76M at the end of the previous reported quarter. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets has "Hold" rating and $2300 target. The firm has "Overweight" rating given on Tuesday, April 19 by Morgan Stanley. Stockholders of record on Thursday, March 8th will be given a $0.02 dividend. The firm has "Buy" rating by SunTrust given on Wednesday, January 18. The company was upgraded on Wednesday, January 3 by PiperJaffray.

2/9/2018-Cowen Reiterated Rating of Market Perform. On Tuesday, March 21 the stock rating was downgraded by Bernstein to "Underperform". The Company's year to date (YTD) performance is now negative at -20.47%.

Proshare Advisors Llc decreased West Pharmaceutical Svsc Inc (NYSE:WST) stake by 12,932 shares to 106,120 valued at $10.22M in 2017Q3. It also reduced Lockheed Martin Corp (NYSE:LMT) stake by 1,439 shares and now owns 40,798 shares. Ny Times Cl A (NYSE:NYT) was reduced too.

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