Economy

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Therefore 50% are positive. Gluskin Sheff & Assoc Inc. increased its stake in shares of Patterson-UTI Energy by 7.1% in the second quarter. Credit Suisse Group cut their target price on shares of Patterson-UTI Energy from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, September 22nd. Citigroup maintained it with "Buy" rating and $24 target in Thursday, October 5 report. If the published price targets set by Patterson-UTI Energy, Inc. analysts have any power to influence the stock's share price, the highest price target set for PTEN is $33. Riverhead Capital Management LLC lifted its holdings in Patterson-UTI Energy by 86.2% in the second quarter. The Elm Ridge Management Llc holds 529,959 shares with $10.70M value, up from 485,349 last quarter.

Analysts await Patterson-UTI Energy, Inc.

PTEN traded at an unexpectedly low level on 07/12/2017 when the stock experienced a 2.71% gain to a closing price of $21.57. Pine River Capital Mgmt Lp invested in 0.73% or 1.03 million shares.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its earnings results on Thursday, October 26th. It has outperformed by 16.21% the S&P500. Next year this growth will reach 45.16% to attain $0.9. About 459,449 shares traded or 23.43% up from the average. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.16. PNC Financial Services Group Inc. now owns 10,392 shares of the oil and gas company's stock worth $210,000 after acquiring an additional 1,089 shares in the last quarter. 38,073 were reported by Utah Retirement. The firm owned 31,689 shares of the oil and gas company's stock after selling 77,413 shares during the period. (NASDAQ:PTEN) for 2.64M shares. (NASDAQ:PTEN). Blackrock accumulated 16.12 million shares or 0.02% of the stock. Osborne Prtnrs Cap Management Limited Liability Co accumulated 57,300 shares. 23,000 are owned by Leavell Inv Mngmt Incorporated. Metropolitan Life Insur Ny, New York-based fund reported 317,186 shares. Goldman Sachs Inc has 17,817 shares. Texas Permanent School Fund invested in 0.03% or 120,715 shares.

Key Tronic Corporation, doing business as KeyTronicEMS Co., provides electronic manufacturing services and solutions to original equipment manufacturers in the United States and internationally. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is -4.90%, which is worse than the Oil & Gas Drilling & Exploration industry average ROE.

Concentrate on Analyst's Ratings:: The Procter & Gamble Company (PG)
The stock of The Procter & Gamble Company (NYSE:PG) has "Equal-Weight" rating given on Monday, March 21 by Barclays Capital. Analysts have placed a $92.15 price target on The Procter & Gamble Company, suggesting a 2.28% gain from recent close.

Patterson-UTI Energy, Inc is an oilfield services company. SunTrust Banks also issued estimates for Patterson-UTI Energy's Q4 2017 earnings at ($0.07) EPS, FY2017 earnings at ($0.83) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at ($0.10) EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.49 EPS. Its up 0.27, from 1.39 in 2017Q1.

SG Americas Securities LLC reduced its holdings in shares of Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. most recently reported earnings per share (EPS) of -$0.13 for the September 2017 versus -$0.57 in the same quarter previous year, representing -77% growth. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Teton Advsr reported 85,473 shares. Moreover, Keybank Natl Association Oh has 0.01% invested in Patterson-UTI Energy, Inc. Tiaa Cref Invest Ltd Liability holds 0.01% or 825,045 shares in its portfolio. Wells Fargo And Mn invested in 7.97 million shares or 0.05% of the stock. 307,339 were accumulated by Vertex One Asset Mgmt. Northern Corporation reported 1.58 million shares. Howe & Rusling invested in 70 shares or 0% of the stock. After a recent check, it is observed that the insiders for the firm now own 0.50% shares. State Of New Jersey Common Pension Fund D holds 121,000 shares.

What Historical Figures Say About Patterson-UTI Energy, Inc.

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