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

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On Monday, February 12 the stock rating was maintained by Seaport Global with "Hold". Finally, LS Investment Advisors LLC grew its position in shares of Patterson-UTI Energy by 22.5% in the 3rd quarter.

Ratings analysis reveals 44% of Patterson-UTI's analysts are positive. The stock increased 2.75% or $0.49 during the last trading session, reaching $18.29. The shares were sold at an average price of $23.08, for a total value of $59,407.92.

Patterson-UTI Energy, Inc. (PTEN) shares are down -18.13% for the week and that has got investors and traders sitting up and taking note. It has outperformed by 16.21% the S&P500. Capital One National Association acquired 5,752 shares as Cme Group Inc (CME)'s stock declined 4.72%. About 556,149 shares traded. General Mls Inc now has $31.73B valuation.

The stock decreased 1.93% or $0.35 during the last trading session, reaching $17.8. About 1.70 million shares traded. It has outperformed by 8.65% the S&P500.


Investors sentiment decreased to 1.41 in 2017 Q3. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Moreover, Van Eck Associate has 1.09% invested in Patterson-UTI Energy, Inc.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Boothbay Fund Management Ltd reported 0.09% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Tci Wealth Advsrs holds 0% or 195 shares. Moreover, Oceanic Investment Management Ltd has 5.53% invested in the company for 362,775 shares. Employees Retirement System Of Ohio has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Amalgamated Bankshares invested in 0.03% or 39,750 shares. Morgan Stanley reported 0.01% stake. (NYSE:AIG). 42.98 million were reported by Icahn Carl C. Edge Wealth Ltd Liability Company has invested 0.02% in American International Group, Inc. (NASDAQ:PTEN). Nikko Asset Mngmt Americas Inc has invested 0.39% in Patterson-UTI Energy, Inc. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 14, 2017 and is uptrending. Sumitomo Mitsui Tru Hldg invested in 14,900 shares or 0% of the stock. 2,600 are owned by Ranger Invest Limited Partnership. Therefore 62% are positive. Patterson-UTI Energy Inc had 105 analyst reports since July 28, 2015 according to SRatingsIntel. Citigroup set a $24.00 target price on Patterson-UTI Energy and gave the company a "buy" rating in a research report on Friday, February 9th. The firm has "Neutral" rating by Credit Suisse given on Wednesday, January 4. (NASDAQ:MELI) has "Buy" rating given on Wednesday, December 7 by Goldman Sachs. RBC Capital Markets maintained it with "Buy" rating and $13600 target in Monday, June 12 report.

In other news, Director Tiffany J. Thom sold 2,574 shares of Patterson-UTI Energy stock in a transaction dated Tuesday, January 2nd. (NASDAQ:PTEN) in a report released on Tuesday morning, Marketbeat reports. As per Wednesday, August 30, the company rating was upgraded by Citigroup.

COPYRIGHT VIOLATION WARNING: "Key Square Capital Management LLC Buys New Stake in Patterson-UTI Energy, Inc". (NASDAQ:PTEN) on Thursday, January 19 to "Market Perform" rating. The company was maintained on Thursday, July 13 by BMO Capital Markets.


Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has Relative Strength Index (RSI 14) of 26.38 together with Average True Range (ATR 14) of 1.22. It has a 7.95 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Investors sentiment increased to 0.83 in 2017 Q3. Its down 0.08, from 0.71 in 2017Q2. It is negative, as 40 investors sold PTEN shares while 64 reduced holdings. 91 funds opened positions while 283 raised stakes. Mraz Amerine Assoc Inc invested in 33,900 shares. First Manhattan reported 0% in Albemarle Corporation (NYSE:ALB). Rhode Island-based Newman Dignan & Sheerar has invested 0.15% in ConocoPhillips (NYSE:COP). Investec Asset Management Ltd holds 0.05% or 500,796 shares in its portfolio. Energy Opportunities Capital Management Llc owns 444,897 shares or 6.06% of their USA portfolio. Dorsey & Whitney Trust Company Llc sold 13,555 shares as the company's stock declined 0.06% while stock markets rallied. Ibm Retirement Fund has 14,429 shares. Windward Mgmt Ca reported 1.6% stake. Schwab Charles Invest Management holds 771,726 shares. (NYSE:GIS) for 2,556 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 7,448 shares or 0% of the stock. Teton Advsr holds 0.16% or 82,646 shares in its portfolio. Beacon Fincl Gp, a Texas-based fund reported 173,578 shares. Mitsubishi Ufj Securities Holdings Company who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $12.32B market cap company.

Analysts await Mercadolibre, Inc. Out of 4 Wall Street analysts rating MercadoLibre, 2 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Microsoft Corporation had 166 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 5 by FBR Capital. The firm earned "Outperform" rating on Wednesday, July 20 by BMO Capital Markets. Shareholders of record on Thursday, March 8th will be issued a $0.02 dividend. The company was maintained on Tuesday, October 31 by Piper Jaffray. On Tuesday, March 21 the stock rating was downgraded by Bernstein to "Underperform". The rating was maintained by RBC Capital Markets with "Buy" on Friday, September 1.

Kahn Brothers Group Inc decreased Hologic (NASDAQ:HOLX) stake by 67,649 shares to 731,816 valued at $26.85B 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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