Economy

Selected Notes From Analysts On Patterson-UTI Energy, Inc. (PTEN)

Selected Notes From Analysts On Patterson-UTI Energy, Inc. (PTEN)

The stock increased 0.73% or $0.13 during the last trading session, reaching $17.93. 5,595,600 shares of the company traded hands, compared to its average volume of 4,138,691. General Mills, Inc. (NYSE:GIS) has declined 10.63% since February 14, 2017 and is downtrending. Millennium Management LLC grew its stake in Patterson-UTI Energy by 601.6% during the 4th quarter.

Capital One National Association decreased Ishares Tr (IWN) stake by 12,169 shares to 80,251 valued at $9.96 million in 2017Q3. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Over the last six months, Patterson-UTI Energy, Inc.'s stock has been 6.97% and -37.81% for the year. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company's stock. About 1.79M shares traded or 12.92% up from the average. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 15, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Geosphere Capital Management holds 7.7% of its portfolio in Patterson-UTI Energy, Inc. for 140,000 shares. Therefore 71% are positive.

On 2/8/2018 Patterson-UTI Energy announced a quarterly dividend of $0.02 0.000916170407695832% with an ex dividend date of 3/7/2018 which will be payable on 3/22/2018. Patterson Energy now has $4.07 billion valuation. (NASDAQ:PTEN) rating on Thursday, July 20. The firm has "Buy" rating given on Monday, November 30 by Guggenheim. Wall Street is only getting more bullish on the stock, with 14 of analysts who cover MRVL having a buy-equivalent rating. The company was maintained on Thursday, January 18 by Cowen & Co. The rating was downgraded by Seaport Global on Wednesday, June 21 to "Neutral". RBC Capital Markets maintained Patterson-UTI Energy, Inc. The firm earned "Neutral" rating on Friday, September 22 by Credit Suisse.

Ratings analysis reveals 50% of MercadoLibre's analysts are positive.

Short Ratio of stock is 3.57. Manning & Napier Ltd Liability Corporation invested 0.01% of its portfolio in American International Group, Inc.

In addition to that, the company is witnessing a major top-line growth, with their year/year quarterly revenue decreasing by -1.40%. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. At present, 7 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

Analyst EPS Estimates Coverage: Bristol-Myers Squibb Company (BMY)
Bristol-Myers is expecting the deal to shave 2 cents off adjusted 2018 per-share earnings and 10 cents off adjusted 2019 EPS. Finally, Murphy Pohlad Asset Management LLC grew its position in Bristol-Myers Squibb by 5.8% during the first quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported.

In other Patterson-UTI Energy news, Director Tiffany J. Thom sold 2,574 shares of the stock in a transaction that occurred on Tuesday, January 2nd. Goldman Sachs Group invested in 0.01% or 2.60M shares. 814.86 million shares or 0.93% less from 822.50 million shares in 2017Q2 were reported. Scout invested in 0.2% or 350,550 shares. (NASDAQ:PTEN). Hsbc Public Ltd Com stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. Year to Date (YTD) performance of Patterson-UTI Energy Inc. (NASDAQ:PTEN). Alyeska Gp LP stated it has 3.23 million shares or 0.55% of all its holdings.

Dynamo Internacional Gestao De Recursos Ltda. holds 12.71% of its portfolio in Mercadolibre, Inc. for 348,848 shares. Moreover, Price T Rowe Associate Incorporated Md has 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 393,732 shares. Woodstock Corp accumulated 19,735 shares. 27,001 were reported by Tiedemann Wealth Mgmt Limited Liability Co. Utah Retirement has invested 0.02% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:CME) for 517 shares. Teton Advsr holds 0.16% or 82,646 shares in its portfolio. They expect $0.58 EPS, down 50.00% or $0.58 from last year's $1.16 per share.

Equities researchers at SunTrust Banks boosted their Q3 2018 earnings per share estimates for Patterson-UTI Energy in a research report issued on Tuesday.

How Company Returns Shareholder's Value? RBC Capital Markets maintained the shares of PTEN in report on Thursday, July 20 with "Buy" rating. On Wednesday, September 7 the stock rating was upgraded by Jefferies to "Hold". The companyƂ's Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. JP Morgan maintained it with "Neutral" rating and $52 target in Tuesday, February 23 report. The company was upgraded on Wednesday, September 14 by Gabelli. (NASDAQ:CME) earned "Buy" rating by Deutsche Bank on Friday, July 29. BMO Capital Markets has "Hold" rating and $2300 target.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 26. For the Current month, 6 analysts have assigned this stock as Buy where 10 assigned Outperform, 5 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. MELI's profit will be $25.61 million for 158.93 P/E if the $0.58 EPS becomes a reality. During the same period in the previous year, the firm posted ($0.53) EPS.

A ratio that is below one though indicates that the price has decreased during that timeframe. Its down 0.16, from 1 in 2017Q2. 62 funds opened positions while 314 raised stakes.


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