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.

Related News:

  • SC asks Maha govt to bring all records of Loya's death

    The issue came to spotlight in November 2017 after media reports, quoting his sister, fuelled suspicion about his death. In his plea, Poonawala contended that the circumstances around the death of the judge were questionable and mysterious.

    PennyMac Mortgage Investment Trust (PMT) Analysts See $0.34 EPS

    With an institutional ownership near 67.7%, it carries an earnings per share ratio of 1.31. (NASDAQ:AMZN) for 10,992 shares. Commercial Bank Of America De holds 0% of its portfolio in Exact Sciences Corporation (NASDAQ:EXAS) for 441,217 shares.
    Coeur Mining Inc (CDE) Receives Average Rating of

    Coeur Mining Inc (CDE) Receives Average Rating of "Hold" from Analysts

    The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. Coeur Mining, Inc . ( CDE ) have shown a high EPS growth of -20.10% in the last 5 years and has earnings rose of 112.00% yoy.
  • Stock Notebook: Take-Two Interactive Software, Inc

    Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up $0.32 during midday trading on Tuesday, reaching $117.30. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has "Buy" rating given on Friday, November 10 by BMO Capital Markets.
    Claressa Shields vs. Tori Nelson live stream

    Claressa Shields vs. Tori Nelson live stream

    Hammer (22-0, 10 KOs) said she couldn't wait to make her USA debut. "I think she's pretty scared, to be honest". It looked as if Shields would get her icing on the cake with a knockout in the tenth as she had Nelson reeling.
    India bracing for next match as SA coach fires pace warning

    India bracing for next match as SA coach fires pace warning

    However, Rahane struggled to get going in India's 1-0 win over Sri Lanka in the three-Test series past year . But we chose to go with this combination and current form was definitely the criterion.
  • Major Changes for Troubled Youth Prison

    Major Changes for Troubled Youth Prison

    Up to three new prisons would be in southeastern Wisconsin near Milwaukee, though the sites have not yet been chosen. His plan doesn't call for opening the new regional prisons until 2019 at the earliest.

    Leucadia National Corp. (LUK) Shares Bought by Cubist Systematic Strategies LLC

    Next Finance Gp Inc reported 0.04% in Leucadia National Corporation (NYSE:LUK). (NYSE:TWX) to report earnings on February, 14. Robert Pitts decreased its stake in At&T Inc (Put) (T) by 62.83% based on its latest 2017Q3 regulatory filing with the SEC.

    Colgate-Palmolive (CL) Holdings Cut by Sumitomo Mitsui Asset Management Company LTD

    HANCOCK ELLEN M sold $363,664 worth of stock. 14,000 shares were sold by HUSTON JOHN J, worth $999,064 on Thursday, August 10. Out of 25 Wall Street analysts rating Colgate-Palmolive, 6 give it "Buy", 1 "Sell" rating, while 18 recommend "Hold".
  • Satellite images reveal North Korea may be preparing another missile test

    Satellite images reveal North Korea may be preparing another missile test

    Satellite imagery shows "significant tunneling" at North Korea's Punggye-ri nuclear test site, a report revealed Thursday. The accident is believed to have been caused by Kim Jong-un's last nuclear test which weakened the mountain.
    Android 8.0 Oreo update rolling out to unlocked HTC 10

    Android 8.0 Oreo update rolling out to unlocked HTC 10

    To manually download the update, Android Police suggests user to download the 1.8GB RUU package from the official HTC site. As promised during the launch of the device, Xiaomi had rolled out the Android 8.0 Oreo update to Mi A1 on 31 December.
    Tanger Factory Outlet Centers, Inc., (NYSE: SKT) - Investor's Alert (Volatility in Focus)

    Tanger Factory Outlet Centers, Inc., (NYSE: SKT) - Investor's Alert (Volatility in Focus)

    Arizona State Retirement System boosted its stake in shares of Tanger Factory Outlet Centers by 1.8% during the second quarter. Geldner sold 2,250 shares of Tanger Factory Outlet Centers stock in a transaction that occurred on Tuesday, November 28th.


Most liked

Six Things to Watch in Titans-Patriots Game Saturday
On the other hand, this may mean that they let Gronk get away with Hopkins-like pushoffs that are obviously penalties. You can watch the National Football League playoffs on Sky this year as they'll be broadcasting all the games live.

Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Prudential Financial Inc
The company reported $2.00 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.87 by $0.13. In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements.

Natalie Portman Presents Best Director: 'Here Are the All-Male Nominees'
And on that note, there has NEVER been an all-female group of director nominees, and in all honesty, we'll probably never see one. The night may have started off hours before Oprah's speech, but it was her moving words while accepting her Cecil B.

How Wisconsin politicians responded to Trump's 'shithole' comment
On Twitter , President Macky Sall of Senegal wrote: "I am shocked by President Trump's comments on Haiti and Africa". Durbin, a key negotiator in DACA talks, recounted the meeting on MSNBC Friday, saying, "He said, 'Haitians ".

Banco Santander, SA (SAN) Given Consensus Rating of "Hold" by Brokerages
Zacks Investment Research lowered Banco De Chile from a "hold" rating to a "sell" rating in a report on Tuesday, January 2nd. The firm operates in six divisions: Surveillance, Instruments, Security, OEM and Emerging Markets, Maritime, and Detection.

Anambra Central: Court Sets Aside Its Consent Judgment, Adjourns Indefinitely
He, therefore, submitted that his court being a lower court, is bound by the decision of the appellete court in the instant case. According to Tsoho, in the doctrine of precedence, Court of Appeal decisions takes precedence over decisions of any lower court.

By Kieran Gill for the Daily Mail
But Riley has expressed caution, warning VAR technology will not correct all of the injustices witnessed during matches. I think Chelsea will be more hard to play against at The Emirates. "The VAR would have pulled me back if it was ...

Harris slams Trump for 'hateful words' amid immigration debate
Graham was at the Oval Office Thursday to present a bipartisan agreement to overhaul the nation's immigration system to Trump. Durbin, a key negotiator in DACA talks, recounted the meeting on MSNBC Friday, saying, "He said, 'Haitians ".

Democrats want to interview Ivanka Trump in Russia probe
Sprinkle said during a briefing at the Surface Navy Association's annual symposium in Crystal City, Virginia. Justice Department's special counsel Robert Mueller .

Trump's Reported Expletive Hits Home for Connecticut Immigrants
Overshadowing the event was mounting backlash from Trump's comments during a private meeting with lawmakers the day before. That's according to three people who were briefed on the conversation but weren't authorized to describe it publicly.

Dark Souls 1 Reportedly Being Remastered for Multiple Platforms
The most recent entry in the Dark Souls franchise, Dark Souls 3, came to consoles and PC in early 2016. It's unclear what the resolution and frame rate are on a standard Xbox One or PS4 at this point.

Flores responds to Trump's controversial remarks about other nations
Baltimore Mayor Catherine Pugh said Trump is arguably the most influential person in the country and possibly the world. To believe otherwise is to oppose the very idea of America. " It was a heartbreaking moment ", Durbin said.

Silicon Motion Technology Corp. (NASDAQ:SIMO) Shares Sold by Nationwide Fund Advisors
It has outperformed by 4.76% the S&P500.The move comes after 7 months negative chart setup for the $1.84 billion company. Royal Commercial Bank Of Canada holds 0% of its portfolio in Skyline Corporation (NYSEAMERICAN:SKY) for 124,411 shares.

President Trump Honors the Legacy of Dr. King
A highlight will be the presentation of Drum Major Awards given to two community leaders who have supported Dr. The King Federal Holiday Commission was also created at this time, with Coretta Scott King as its first chair.

MLK celebration parade to be held Monday in downtown Charleston
Late Thursday, the city of Arlington announced that parade organizers fell short of meeting their obligations for the parade. Arlington's traditional Advancing the Dream celebration, hosted by the Arlington Martin Luther King, Jr.