Published: Sat, January 13, 2018
Finance | By Loren Pratt

Patterson-UTI Energy (PTEN) Coverage Initiated at Stephens

Patterson-UTI Energy (PTEN) Coverage Initiated at Stephens

Cramer Rosenthal Mcglynn Llc who had been investing in Patterson for a number of months, seems to be bullish on the $5.49 billion market cap company.

According to reports, the stock price of Patterson-UTI gained 0.56 or +2.43% in 2017 and in the past period of three months the shares have appreciated +2.53 or +12.02%. About 2.42M shares traded or 1.31% up from the average. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 11, 2017 and is uptrending. It has outperformed by 22.83% the S&P500.

Cramer Rosenthal Mcglynn Llc increased its stake in Patterson (PTEN) by 16.77% based on its latest 2017Q3 regulatory filing with the SEC. Intrepid Capital Management Inc sold 258,900 shares as the company's stock declined 16.81% while stock markets rallied. The institutional investor held 226 shares of the energy company at the end of 2017Q3, valued at $5,000, down from 87,038 at the end of the previous reported quarter. Patterson-UTI Energy, Inc. earnings have declined with an annualized rate of -25% over the last 5 years. It closed at $24.7 lastly.

DIMENSIONAL FUND ADVISORS LP lowered its stake in Patterson-UTI Energy, Inc. It has outperformed by 16.21% the S&P500.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.20 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.21. The analyst recommendations from a month ago are 16 Buy, 1 Overweight, 0 Sell, 0 Hold and 0 Underweight. It turned negative, as 40 investors sold PTEN shares while 64 reduced holdings. NN Investment Partners Holdings N.V. raised its stake in Patterson-UTI Energy by 32.9% in the fourth quarter. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Creative Planning has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 95,175 shares. Ftb Advisors owns 16,265 shares or 0.13% of their United States portfolio. Jennison Associate Limited holds 0.09% of its portfolio in Patterson-UTI Energy, Inc.


Btg Pactual Global Asset Management Ltd increased Time Warner Inc (TWX) stake by 7.58% reported in 2017Q3 SEC filing. Geode Cap Limited Com invested in 0.24% or 4.73M shares. The number of shares now owned by investors are 221.79 mln. Royal Retail Bank Of Canada owns 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Estabrook Mgmt reported 500 shares or 0% of all its holdings. The company trades at a free cash flow yield of 4.17 and has a P/E of 9.07. 110,539 are held by Valueworks Ltd Com. Finally, Pacad Investment Ltd. purchased a new position in shares of Patterson-UTI Energy during the 2nd quarter valued at $246,000. The SI to Patterson-uti Energy Incorporated's float is 8.96%. The oil and gas company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.04. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/q4-2018-eps-estimates-for-patterson-uti-energy-inc-raised-by-jefferies-group-pten.html. SunTrust Banks lifted their target price on shares of Patterson-UTI Energy to $31.00 and gave the stock a buy rating in a research report on Wednesday, December 6th. Therefore 71% are positive. The stock of Patterson-UTI Energy, Inc. The firm has "Buy" rating by RBC Capital Markets given on Friday, September 1.

Patterson-UTI Energy, Inc is an oilfield services company. Piper Jaffray has "Buy" rating and $24.0 target. As per Thursday, January 4, the company rating was maintained by Susquehanna. Standpoint Research initiated General Electric Company (NYSE:GE) on Friday, July 22 with "Sell" rating. Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report. (NASDAQ:PTEN) earned "Outperform" rating by BMO Capital Markets on Friday, September 4. Finally, Jefferies Group set a $26.00 target price on shares of Patterson-UTI Energy and gave the stock a "buy" rating in a report on Thursday, October 5th. The company was maintained on Thursday, August 10 by Cowen & Co. The stock has "Underweight" rating by JP Morgan on Friday, April 15. On Friday, December 15 Reilly Robert Q sold $2.85 million worth of The PNC Financial Services Group, Inc. (NASDAQ:PTEN) or 18.65 million shares. The company had revenue of $684.99 million for the quarter, compared to analysts' expectations of $688.05 million. Jarislowsky Fraser holds 0% or 3,290 shares. During the same quarter in the previous year, the company earned ($0.58) EPS.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. 72 funds opened positions while 272 raised stakes. (NASDAQ:PTEN). 43,248 are held by Liberty Mutual Gru Asset Inc. Geosphere Management holds 7.7% or 140,000 shares in its portfolio. Encompass Capital Advsr Lc reported 275,000 shares. Bailard Inc has 0.26% invested in Comcast Corporation (NASDAQ:CMCSA). Commonwealth Financial Bank Of Aus invested in 901,658 shares or 0.18% of the stock. Regis Management Company Ltd Limited Liability Company owns 0.11% invested in Comcast Corporation (NASDAQ:CMCSA) for 19,012 shares. It has ditched 1.21 million shares. Janney Cap Ltd Liability Company reported 140,274 shares. Citadel Advsrs Limited Liability Company stated it has 4.72M shares or 0.14% of all its holdings. Lsv Asset Mgmt owns 139,400 shares. Navient Corporation (NASDAQ:NAVI)'s market cap is $3598.01. Van Eck Associates holds 1.09% or 10.18 million shares.

Since January 1, 0001, it had 0 insider buys, and 12 selling transactions for $211.64 million activity. BLOCK ARTHUR R had sold 5,630 shares worth $224,575. (NASDAQ:PTEN) for 55,000 shares. (NASDAQ:PTEN) news were published by: Prnewswire.com which released: "Patterson-UTI Energy, Inc". Therefore 38% are positive. Patterson-UTI Energy Inc had 96 analyst reports since July 28, 2015 according to SRatingsIntel. Cowen & Co has "Outperform" rating and $18 target. (NYSE:REIT) on Monday, November 27 with "Hold" rating. Citigroup maintained it with "Buy" rating and $24 target in Thursday, October 5 report. (NASDAQ:PTEN) on Thursday, July 13 with "Buy" rating. The rating was maintained by Howard Weil on Monday, June 20 with "Sector Perform". The company was upgraded on Wednesday, June 29 by Simmons & Co.

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