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

It increased, as 44 investors sold PTEN shares while 61 reduced holdings.

These funds have shifted positions in (PTEN). 200.72 million shares or 15.08% more from 174.43 million shares in 2017Q1 were reported. The average 1-year price target for (STAY) reveals an average price target of $21.65 per share.

Looking forward, the company's quarterly earnings are expected to come at $0.51 in the three months through September 2017 and $0.67 in the quarter ending December 2017, reflecting -33.77% and -27.17% growth, respectively.

Analysts are also projecting an Average Revenue Estimate for Patterson-UTI Energy $685770 in the Current Quarter.

As of the end of the quarter Davenport & Co LLC had bought 1,100 shares growing its position 10.6%. Encompass Limited Com, New York-based fund reported 678,712 shares. In contrast to the year ago quarter EPS was at -0.38. (NASDAQ PTEN) traded down 1.22% during trading on Tuesday, hitting $20.17. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Eaton Vance Mngmt holds 0.03% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 137,661 shares. Pioneer Invest Mgmt Inc has 1.37 million shares for 0.09% of their portfolio. 156,129 were reported by Raymond James And Assocs. Bank Of Montreal Can holds 391,644 shares or 0.01% of its portfolio. Ny State Common Retirement Fund has invested 0% of its portfolio in BioSpecifics Technologies Corp. Capstone Asset Communications accumulated 13,954 shares or 0.01% of the stock. Macquarie Gp invested in 3.66 million shares. Renaissance Technologies LLC owned approximately 0.85% of Patterson-UTI Energy worth $28,170,000 as of its most recent SEC filing.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $4.37B. After a recent check, it is observed that the insiders for the firm now own 1.70% shares. After the latest session, which saw the stock close at a price of $20.42, PTEN sits below its 52-week high. Citigroup Inc. set a $24.00 target price on Patterson-UTI Energy and gave the stock a "buy" rating in a report on Thursday, October 5th. It has outperformed by 16.21% the S&P500. Eqis Capital Management, Inc. added to its holdings by buying 1,733 shares an increase of 10.5% as of 09/30/2017. (NASDAQ:PTEN) has been trading recently. They expect $-0.18 earnings per share, up 68.97% or $0.40 from last year's $-0.58 per share. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.30) by $0.09.

Patterson-UTI Energy, Inc is an oilfield services company. The correct version of this news story can be viewed at (NASDAQ:PTEN). Federated Investors Pa holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN)'s Buy count is 1 and Strong Buy is 14 while the number of analysts recommending Sell and Strong Sell are 0 and 4, respectively. Therefore 68% are positive. Tygh Capital Management Inc sold 25,076 shares as Patterson Uti Energy Com (PTEN)'s stock declined 16.81%. The company's stock had a trading volume of 2,682,726 shares. Elm Ridge Lc has invested 3.52% in Patterson-UTI Energy, Inc. The firm has "Buy" rating by RBC Capital Markets given on Friday, September 1. Oppenheimer downgraded the stock to "Perform" rating in Friday, October 23 report. The firm earned "Buy" rating on Tuesday, September 5 by J.P. Morgan. The firm has "Outperform" rating given on Monday, January 11 by Wells Fargo. Piper Jaffray Companies reiterated a "neutral" rating and set a $20.50 price target (down from $22.00) on shares of Patterson-UTI Energy in a research report on Wednesday, July 12th. The company has market cap of $337.51 million. Gluskin Sheff & Assoc Inc. now owns 11,740 shares of the oil and gas company's stock worth $237,000 after acquiring an additional 780 shares during the period. Societe Generale initiated coverage setting a rating of "Buy". The rating was maintained by Jefferies with "Buy" on Friday, September 15.

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