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

New Generation Advisors Has Decreased Position in Patterson (PTEN) by $1.49 Million; As Bunge Limited (BG) Shares Declined, Breton Hill Capital LTD Cut Stake by $577,323

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.

Finally, Nepal Makes it to 2019 ICC Cricket World Cup Qualifier
Gerhard Erasmus (58, 63b, 3×4, 2×6) was yet again the stand out batter, whose attempt to get Namibia across the line was not quite enough.

Surprise! Amy Schumer Just Married Chris Fischer in a Secret Wedding
Fellow comedian, Bridget Everett, told Us Weekly in December that her best friend Schumer was in a new relationship. Amy Schumer has known Fischer since at least November and they've only been seen publically together twice.

Danica Patrick set for Ed Carpenter Racing drive at Indy 500
Patrick confirmed last month that she was dating Rodgers , who broke up with actress Olivia Munn previous year . Rodgers and Patrick were photographed together at last week's AT&T Pebble Beach Pro-Am golf tournament .

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 Alphabetastock.com 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related:

  • Lawsuit Behind Kanye West's Saint Pablo Tour Has Been Settled

    Lawsuit Behind Kanye West's Saint Pablo Tour Has Been Settled

    After trying to undercut West's claim for lost expenses, the Chicago superstar opened up a $10 million lawsuit. The company said that West's reason for the cancellations were not really beyond his control.
    Matiang'i moves to appeals court to challenge order on Miguna

    Matiang'i moves to appeals court to challenge order on Miguna

    Following his deportation, Miguna vowed to seek legal redress, maintaining that he has never renounced his Kenyan citizenship. The judge gave the government seven days to comply.
    '13 Reasons Why' Author Removed From Writer's Group Over Harassment Allegations

    '13 Reasons Why' Author Removed From Writer's Group Over Harassment Allegations

    Though he was banned from the organization previous year , this is all coming to light now in part due to the #MeToo movement . Children's book illustrator David Diaz resigned from SCBWI in December after harassment allegations by author Ishta Mercurio.
  • Bristol-Myers, Nektar ink $1.85B cancer drug deal

    Bristol-Myers, Nektar ink $1.85B cancer drug deal

    It operates in four divisions: Medical & Scientific Imaging; RF Technology; Industrial Technology; and Energy Systems & Controls. According to their observations and findings, the stock could provide a high EPS of $0.98/share and a low EPS of $0.74/share.

    James Investment Research Inc. Purchases 89658 Shares of Huntsman Co. (NYSE:HUN)

    Tim Mullen decreased its stake in Huntsman Corp (HUN) by 6.54% based on its latest 2017Q3 regulatory filing with the SEC. The Victory Capital Management Inc holds 48,407 shares with $1.33M value, down from 1.57M last quarter.
    Meek Mill arresting officer on list of police suspected of being tainted

    Meek Mill arresting officer on list of police suspected of being tainted

    Graham also claimed the rapper pulled out an illegal gun and started trying to shoot at them, which the rapper denied. Reginald Graham is the officer who arrested Meek in 2007 on a drug and gun charge, TMZ reported Wednesday , Feb. 14.
  • Facebook will launch two new smart speakers in July, claims report

    Facebook will launch two new smart speakers in July, claims report

    If you are wondering about the Fiona smart speaker, unfortunately the report has not mentioned much. So let's put our paranoia to one side and talk about how good Facebook's speaker could be.
    New Orleans gets 14 nods on James Beard semifinalists list

    New Orleans gets 14 nods on James Beard semifinalists list

    The overall winners will be announced at the annual James Beard Foundation Awards ceremony on May 7 at the Lyric Opera of Chicago. In each of the previous nine years, Highlands has gone on to be a finalist for the top restaurant award but has yet to win.
    Judge to hear case of Powerball victor  who wants anonymity

    Judge to hear case of Powerball victor who wants anonymity

    Her lawyers suggested that the victor be allowed to white out her name and replace it with the name of her trust. A woman who says she's now a millionaire will fight to keep her anonymity Tuesday in a court in New Hampshire.
  • Mercedes-AMG GT Four-Door Nears Its Official Unveiling

    Mercedes-AMG GT Four-Door Nears Its Official Unveiling

    The AMG Performance steering wheel comes covered in Nappa leather, while the shift paddles are galvanized. In terms of design, there isn't much to differentiate between the recently unveiled G63 and the AMG G63 .
    Scientists struggle over the demand for GPUs

    Scientists struggle over the demand for GPUs

    Cryptocurrency mining is the process by which transactions on the blockchain are confirmed and added to the public ledger. Likewise, Nvidia has advised retailers to make arrangements to make sure that they're prioritizing gamers over miners .
    Trump administration proposes big changes for SNAP benefits

    Trump administration proposes big changes for SNAP benefits

    Organizations like the Maryland Food Bank say this would drastically hurt their efforts of getting food to communities in need . The White House says the program , called " America's Harvest Box ", would save taxpayers $214 billion over a decade.

Comments

Latest news

Tesla (TSLA) Downgraded to Hold at Vetr
Tesla Motors, Inc. (NASDAQ: TSLA ) now has a Weekly Volatility of 5.94% percent while its Monthly Volatility is at 3.70% percent. On Monday, October 2 IZZO RALPH sold $968,803 worth of Public Service Enterprise Group Incorporated (NYSE:PEG) or 20,833 shares.

India, US working together to isolate Pakistan at key Paris meet
His organisations, the Jamaat-ud-Dawa and the Falah-e-Insaniyat were just frontal outfits of the Lashkar-e-Tayiba. Saeed is reportedly the focus of the motion introduced by the US and United Kingdom.

Selena shows off new hair at New York Fashion Week
There won't be a day when I'm like, "Here I am in a pretty dress- I won!'" I'm starting my year off with that thought. The New York Fashion Week outing marked Selena's first high profile appearance of 2018.

Buffett's Berkshire Hathaway Adds Apple and Teva Shares, Dumps IBM
During the quarter, Berkshire unloaded 94% of its remaining IBM stake, and now owns just 0.2% of Big Blue worth $314 million. Berkshire's Apple stake grew by about 23% since the end of September to roughly 165.3 million shares worth $28 billion.

Changes coming to McDonald's Happy Meals to improve nutrition
By 2022, the Happy Meal menu across 120 global markets will improve to offer more balanced meals and simplify ingredients. We urge restaurants around the world to follow suit and promote better-for-you food and beverage choices.

President Trump To Speak To Nation About Deadly Florida High School Shooting
Frantic parents rushed to Marjory Stoneman Douglas High School , where SWAT team members and ambulances had surrounded the campus. The suspect reportedly fled school grounds, and was able to escape by blending in with other students who were running to safety.

Sinn Fein To Meet With Irish And UK Governments After Talks Fail
The DUP has revealed that there was "no current prospect " of an agreement, bringing Wednesday's discussion to an end. But what does direct rule mean?

Infiltration bid foiled on LoC in Poonch
Singh and condemned the unprovoked ceasefire violations by the Indian occupation forces. The Indian Army is specifically targeting Pakistani posts and facilities along the LoC.

Himax Technologies, Inc. (NASDAQ:HIMX) To Release Earnings
Shareholders will be the losers if a company invest in ventures that aren't profitable enough to support upbeat growth. Viking Therapeutics, Inc. price was kept to a minimum $6 in intra-day trade and has returned 51.23% this year alone.

Armando Iannucci's David Copperfield movie starts casting
Patel is just coming off his directorial debut with " Home Shopper " a film featured at the Sundance Festival. It will be written and directed by Emmy-winning Veep creator Armando Iannucci , reports Variety .

Recent Analysts Ratings Duke Realty Corporation (DRE)
Finally, Synovus Financial Corp acquired a new position in shares of Duke Realty in the 3rd quarter valued at about $212,000. The stock of Duke Realty Corporation (NYSE: DRE ) earned "Equalweight" rating by Barclays Capital on Thursday, February 4.

One million Snapchat users sign petition against recent update
A user posted: "Snapchat is too confusing now going to have to swap over to Instagram #snapchatupdate #Snapchat #confused". Well-intentioned as it may be, however, from a user-interface point of view, Snapchat's redesign is a bit of a nightmare.

Ahead of Tillerson's visit, Lebanon seeks strategy to weather regional turmoil
Earlier in the day, he met with key allies of the Iranian-backed Hezbollah group including the president and parliament speaker. Secretary of State Rex Tillerson is urging Hezbollah to cease its activities overseas to help reduce tensions in the region.

Roger Federer begins bid for No 1 spot with easy win
They have squared off only once since 2015, with the Swiss coasting 6-4, 6-2, 7-5 in the fourth round of the 2017 U.S. With two more victories, Federer would become the oldest man by three years to hold the top position in the rankings.

Oakland Raiders to Release Longtime Kicker Sebastian Janikowski
According to ESPN's Adam Schefter , the Raiders will be parting ways with Janikowski as the sweeping changes continue in Oakland. The left-footed Janikowski has 1,799 points, including 414 field goals, both ranking 10th in National Football League history.

Other news