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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related News:

  • Checking Indicators on Ishares III Plc (IAUS.L) — Market Focus

    A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.
    Michigan State unanimous champion in Big Ten preseason media poll

    Michigan State unanimous champion in Big Ten preseason media poll

    Penn State forward Denis Smirnov was the second star, while Minnesota forward Brannon McManus was the third star. Tough to pick a team of the week in the Big Ten as most of the games finished according to plan with no upsets.
    Analysts See $0.86 EPS for Buckeye Partners, LP (BPL)

    Analysts See $0.86 EPS for Buckeye Partners, LP (BPL)

    Boyer & Corporon Wealth Management LLC purchased a new stake in Buckeye Partners the 2nd quarter valued at $2,172,000. Cetera Investment Advisers acquired a new position in shares of Buckeye Partners the 2nd quarter valued at $498,000.
  • Teva Pharmaceutical Industries (NYSE:TEVA) Experiences Heavier than Average Trading Volume

    Teva Pharmaceutical Industries Limited's institutional ownership is 60.1%, while its institutional transactions stand at -0.35%. On October 4 Barclays maintained a stock rating of "Equal-Weight" but moved down the price target to $21.00 from $23.00.
    Richard Jefferson signs 1-year deal with Nuggets

    Richard Jefferson signs 1-year deal with Nuggets

    And let's be honest, previous year with Jameer as our starter we made a great push for the playoffs and came up one game short. I don't foresee if any changes are made, there being any negative effects to that.
    Kenya poll commissioner quits, says election can not  be 'credible'

    Kenya poll commissioner quits, says election can not be 'credible'

    Dr Akombe toured Nyanza and the Western region last week as the commission worked to train officers to handle elections. A senior official from the Kenyan electoral commission has fled the country.
  • Chelsea v AS Roma

    Chelsea v AS Roma

    The defeat leaves Antonio Conte's men trailing league leaders Manchester City by nine points in the defence of their title. The Chelsea manager will be up against a familiar face in Roma captain Daniele de Rossi.
    Mandalay Bay Security Guard To Appear On 'Ellen' After Ducking Other Interviews

    Mandalay Bay Security Guard To Appear On 'Ellen' After Ducking Other Interviews

    The image shows final preparations for the Route 91 Harvest Festival and the surrounding main casinos and hotels. But the man of the moment has still not appeared amid mounting evidence that he wishes to dodge the media.
    Doug Baldwin, Roger Goodell pen joint letter for prison sentencing reform

    Doug Baldwin, Roger Goodell pen joint letter for prison sentencing reform

    Baldwin said the fund was a collaborative effort among him and his teammates to figure out ways they could affect social change. What they do care about is getting the players to agree to stop the protests, and that's all this letter is about.
  • Superior Energy Services, Inc. (NYSE:SPN) Valuation According To Analysts

    The Ontario - Canada-based Manufacturers Life Insurance The has invested 0% in Superior Energy Services, Inc. Another trade for 6,853 shares valued at $1.13M was made by Peters Gregory K on Tuesday, May 30.
    Coal mine collapses in Turkey, 6 miners killed, 1 wounded - aid agency

    Coal mine collapses in Turkey, 6 miners killed, 1 wounded - aid agency

    The tragedy worst ever mining disaster to take place since May 2014 when 301 miners were killed in Turkey's western town of Soma. .

    Comey Discussed Clinton Email Statement Months Before Announcement — FBI Email

    Department of Justice pursue charges against Clinton, despite her acting "careless" with sensitive government documents. The title of the release is "Drafts of Director Comey's July 5, 2016 Statement Regarding Email Server Investigation".

Most liked

Announcement tomorrow on next NZ Government
1 NEWS' Corin Dann says Mr Peters has spoken with both National and Labour and told them he'll go public tomorrow. New Zealand First will be in a position tomorrow afternoon to make an announcement on the result of negotiations.

Isolated heavy rain likely over coastal AP
They have even advised that the citizens must be well equipped with all the safety measures in order to face any possible after-effects of the rains.

Neo-Nazi stuns world after coming out as GAY and JEWISH
You can see the complete segment below. "That's the generalization that leads to 6 million people being deliberately murdered". Now that Wilshaw has publically disowned the group, he fears that the alt-right will want to seek revenge against him.

Manchester United want the signing of Espanyol youngster Aaron Martin
Indeed, the promising defender has made eight appearances in La Liga this term to prompt talk of interest from the Premier League. The Spain under-21 global has made 30 appearances for the Liga outfit since being promoted to the senior squad previous year .

Deepika Padukone's Padmavati theme Rangoli was ruined by people, here's the 'proof'
Padukone said playing a role like Queen Padmavathi has been a memorable experience in her career. But since then, no one has contacted us, nor has the film been shown to us".

Select Comfort Corporation (SCSS) Position Reduced by Gotham Asset Management LLC
Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS) for 18,600 shares. Alps Advisors Inc. increased its position in Select Comfort Corporation by 0.3% in the 2nd quarter. (NASDAQ:SCSS) for 322 shares.

Corker: 'I loved' McCain's speech, gave him a 'big hug'
This is not a new thing, it's been building for some time. "But at some point I fight back and it won't be pretty". Trump called out Corker for a lack of leadership skills, and impeding his administration's policy with his tweets.

BTS Announces New Japanese Release 'Crystal Snow'
At the event, the members brought an unexpected news to fans by revealing that they will drop a new Japanese single on December 6. For the first time in K-Pop history, four Korean artists have taken over the top spots of an global music chart.

Marin County fires prompt Highway 101 closure and evacuations
Firefighters have deployed multiple engines and bulldozers as well as aircraft to a pair of roadside wildfires near U.S. Traffic is now being diverted off the freeway at Marin City and drivers are recommended to use alternate routes.

Kansas City Chiefs at Oakland Raiders - 10/19/17 NFL Pick, Odds, and Prediction
Kansas City was beaten by a Pittsburgh Steelers' team that has their number and has defeated them three times in the past year . Maybe he won't throw for 300 yards and multiple touchdowns, but he should have chances to make some big plays Thursday night.

What Do Analysts Say About Oracle Corporation (ORCL)
Taking a look at Oracle Corp ( ORCL ) stock, we have recently spotted the Percentage Price Oscillator Histogram line above zero. Assets Investment Ltd Liability Corporation holds 0.68% of its portfolio in Oracle Corporation (NYSE: ORCL ) for 65,600 shares.

Liar star Ioan Gruffudd: 'Perhaps Andrew killed himself!'
So, who killed Andrew? The second series will again be written by Jack Williams and Harry Williams of Two Brothers Pictures. Andrew had evaded arrest and disappeared, only to turn up in the closing shots lying in some bogland with his throat slit.

Facebook's secret hardware lab is losing its chief visionary
Regina Dugan is leaving her position as head of Facebook's fledgling consumer hardware lab, Building 8 . This will not be finished in the first 100 days.

Dominion Energy Midstream Partners, LP (NYSE:DM): Placing Shares in the Spotlight
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. With so much historical data available, investors may choose to look at many different time frames when examining a stock.

Interpublic Group of Companies (IPG) — Equity in Focus
The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the business's stock in a transaction on Monday, August 21st.