Published: Thu, February 15, 2018
Finance | By Loren Pratt

The Deutsche Bank AG Begins Coverage on Patterson-UTI Energy, Inc. (PTEN)


Institutional investors own 98.56% of the company's stock.

The stock decreased 0.07% or $0.01 during the last trading session, reaching $15.11. (NYSE:AIG) has risen 8.59% since February 14, 2017 and is uptrending. It has outperformed by 17.82% the S&P500. Mesirow Financial Investment Management Us Value Equity acquired 324,130 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. PNC Financial Services Group Inc. now owns 10,392 shares of the oil and gas company's stock worth $210,000 after purchasing an additional 1,089 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Patterson-UTI Energy during the 4th quarter valued at about $216,000.

Patterson-UTI Energy (NASDAQ:PTEN) traded up $0.50 during trading hours on Thursday, hitting $18.30. (NASDAQ:PTEN). Macquarie Group, Australia-based fund reported 3.98M shares. The correct version of this story can be viewed at https://weekherald.com/2018/02/15/patterson-uti-energy-inc-pten-expected-to-post-q1-2018-earnings-of-0-07-per-share.html. It has outperformed by 16.21% the S&P500. Analysts on average have given a price target of $27.19 to Patterson-UTI Energy Inc. stock. Therefore 71% are positive.

From another technical standpoint, Patterson-UTI Energy, Inc. State Of New Jersey Common Pension Fund D holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. The firm issued a buy rating and a $25.00 target price on the oil and gas company's stock. (NASDAQ:PTEN) on Friday, July 29 with "Outperform" rating. Standpoint Research upgraded the shares of AIG in report on Tuesday, January 19 to "Buy" rating. The firm has "Neutral" rating by JP Morgan given on Wednesday, December 7. (NASDAQ:PTEN) has "Market Perform" rating given on Tuesday, September 1 by Wells Fargo. Syntal Capital Prns Ltd Co reported 0.32% in Patterson-UTI Energy, Inc. The ex-dividend date of this dividend is Wednesday, March 7th. Deutsche Bank maintained the shares of PTEN in report on Friday, February 9 with "Buy" rating. The stock of ConocoPhillips (NYSE:COP) has "Buy" rating given on Tuesday, November 21 by Piper Jaffray. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating by Citigroup given on Friday, December 11. Zurcher Kantonalbank (Zurich Cantonalbank) holds 7,448 shares or 0% of its portfolio.

Investors sentiment increased to 0.79 in 2017 Q3.

The company's Average Earnings Estimate for the Current Fiscal quarter is $1.22, according to consensus of 20 analysts. It is negative, as 40 investors sold PTEN shares while 64 reduced holdings. BNP Paribas Arbitrage SA raised its stake in shares of Patterson-UTI Energy by 14.1% in the third quarter. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported.

The company reported its EPS on 12/30/2017. (NASDAQ:CME). Commerzbank Aktiengesellschaft Fi invested in 38,538 shares or 0.07% of the stock. Scout invested in 0.2% or 350,550 shares. Estabrook Capital invested 0% of its portfolio in Patterson-UTI Energy, Inc. Millennium Management LLC grew its stake in Patterson-UTI Energy by 601.6% during the 4th quarter. (NASDAQ:PTEN). Whittier Co invested in 60 shares. Riverpark Ltd Liability Corporation holds 0.43% or 24,083 shares in its portfolio.


Equities researchers at Seaport Global Securities raised their Q1 2018 earnings estimates for Patterson-UTI Energy in a research note issued on Monday. Tiedemann Wealth Mgmt Limited Liability Company stated it has 0.03% of its portfolio in CME Group Inc.

On 6/12/2014 Mark S Siegel, Chairman, sold 340,000 with an average share price of $33.62 per share and the total transaction amounting to $11,430,800.00. Cornerstone Advsr accumulated 576 shares or 0.02% of the stock. Point72 Asset Management Ltd Partnership has 1.45M shares. Bankshares Of Montreal Can owns 254,555 shares or 0% of their USA portfolio. Therefore 56% are positive. Microsoft Corporation had 166 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, October 12 the stock rating was maintained by Piper Jaffray with "Buy". The company was upgraded on Wednesday, September 14 by Gabelli.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. The rating was maintained by RBC Capital Markets on Thursday, September 21 with "Sector Perform". (NASDAQ:MELI) to report earnings on February, 22. The stock has "Neutral" rating by Citigroup on Wednesday, July 13. The stock has "Hold" rating by BMO Capital Markets on Thursday, July 13.

2/9/2018-Cowen Reiterated Rating of Market Perform.

Analysts await Mercadolibre, Inc. During the same quarter in the previous year, the business earned ($0.53) earnings per share. ALB's profit will be $133.70M for 23.04 P/E if the $1.21 EPS becomes a reality. During the same quarter in the previous year, the business posted ($0.58) EPS.

Investors sentiment increased to 0.83 in 2017 Q3. Its down 0.16, from 1 in 2017Q2. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. Thompson holds 2.7% in Microsoft Corporation (NASDAQ:MSFT) or 194,367 shares. Moreover, Paradigm Asset Management Ltd has 0.1% invested in General Mills, Inc. (NYSE:GIS). 29,975 were reported by First Natl Com. Eubel Brady & Suttman Asset Mngmt stated it has 121,901 shares. 41,932 are owned by Agf America. Great West Life Assurance Can has 263,457 shares for 0.09% of their portfolio. Illinois-based North Star Mgmt has invested 0.04% in American International Group, Inc. Guild Inv stated it has 35,340 shares. Jgp Global Gestao De Recursos Ltda. owns 35,400 shares or 9.41% of their United States portfolio.

Bank Of Montreal, which manages about $34.23B and $109.19B US Long portfolio, upped its stake in Pembina Pipeline Corp (NYSE:PBA) by 1.40M shares to 13.57M shares, valued at $476.24 million in 2017Q3, according to the filing.

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