Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. Teacher Retirement Sys Of Texas holds 1.43% or 2.44 million shares.

The average 1-year price target for Patterson-UTI Energy, Inc. The stock increased 3.74% or $0.89 during the last trading session, reaching $24.7.

In its recent announcement the company has said that it has priced its previously announced $525 million private offering of 3.95% senior notes that are due 2028. The last close places the company's stock about $5.06 off its 52 week high of $29.76 and $9.87 above the 52 week low of $14.83. It has outperformed by 16.21% the S&P500. World Asset Management Inc now owns 15,096 shares of the oil and gas company's stock valued at $316,000 after acquiring an additional 2,772 shares during the last quarter.

Over the past five trading sessions shares of B2Gold Corp. About 795,183 shares traded or 11.51% up from the average. Group Inc One Trading Lp owns 5,309 shares. (NYSE:PNC) has risen 35.14% since January 12, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Investors sentiment increased to 1.38 in Q3 2017. Its down 0.06, from 0.93 in 2017Q2. It dived, as 65 investors sold JPM shares while 767 reduced holdings. 75 funds opened positions while 289 raised stakes. Goldman Sachs Grp reported 111,809 shares stake. Summit Asset Management Limited Liability Corp holds 2,275 shares. Systematic Mngmt Limited Partnership holds 164,675 shares or 0.07% of its portfolio. Tygh Capital Mngmt invested in 89,002 shares or 0.37% of the stock. (NYSE:VEEV) shares with value of $54,687 were sold by Faddis Jonathan. (NASDAQ:PTEN). Ls Investment Advisors Limited Co accumulated 16,535 shares. Janney Cap Ltd Liability Company reported 140,274 shares. Glg Prtnrs Ltd Partnership reported 9,457 shares. (NYSE:VMI). 1,281 were accumulated by Magnetar Fincl Lc. Raymond James & Associate accumulated 119,675 shares. Amer Century has 5.19 million shares for 0.71% of their portfolio. Ironwood Ltd Liability Com has 0% invested in Veeva Systems Inc. 13,220 are held by Brookfield Asset. 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.

Among 14 analysts covering Veeva Systems (NYSE:VEEV), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Patterson-UTI Energy Inc had 96 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Credit Suisse given on Monday, September 11. The stock of Valmont Industries, Inc. Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report. Commonwealth Equity Svcs has invested 0% in Patterson-UTI Energy, Inc. The firm shows the market capitalization of $5.5 Billion. The company was maintained on Monday, October 5 by Citigroup. (NYSE:VMI) earned "Buy" rating by Stifel Nicolaus on Wednesday, August 30. The company has market cap of $4.36 billion. (NYSE:VMI) or 23,987 shares. $429,417 worth of stock was sold by Larrimer Karen L. on Monday, October 30. (NASDAQ:PTEN). Key Group Inc (Cayman) Limited invested in 2.93% or 1.29 million shares. PNC Financial Services Group Inc. raised its holdings in Patterson-UTI Energy by 11.7% in the 2nd quarter. Therefore 40% are positive. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The firm owned $8.88 million shares of the company's stock after selling 251350 shares during the period. Drexel Hamilton maintained the stock with "Buy" rating in Tuesday, November 7 report. The company was upgraded on Wednesday, June 29 by Simmons & Co. (NASDAQ:PTEN) on Wednesday, July 13 with "Neutral" rating. Howard Weil downgraded the shares of PTEN in report on Monday, March 28 to "Sector Perform" rating. The company was maintained on Friday, August 18 by RBC Capital Markets. Jefferies maintained it with "Buy" rating and $26.0 target in Thursday, October 5 report. Patterson-UTI Energy had a negative net margin of 14.73% and a negative return on equity of 7.31%. (NASDAQ:PTEN) rating on Friday, October 23. (NYSE:HBM) on Tuesday, August 2 to "Market Perform" rating. (NASDAQ:PTEN) has "Buy" rating given on Tuesday, February 14 by Guggenheim.

Investors sentiment decreased to 1.41 in 2017 Q3. Its up 0.13, from 1.13 in 2017Q2. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. 608,980 are held by Intrepid Cap Management. Asset Mngmt One Com Limited holds 153,884 shares or 0.02% of its portfolio. Cowen & Co maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 11,440 shares. State Bank Of America De reported 4.44 million shares. Encompass Capital Advisors Llc sold 403,712 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. (NASDAQ:PTEN). Affinity Inv Ltd Co owns 69,722 shares or 0.17% of their USA portfolio.

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