Economy

Weekly Analysts' Ratings Changes for Patterson-UTI Energy (PTEN)

The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). (NASDAQ:PTEN). Van Eck Assoc invested in 8.55M shares or 1.15% of the stock. Howard Weil maintained Patterson-UTI Energy, Inc.

Several other research analysts have also issued reports on the stock. References to previousperiods reflect stated financial results from Patterson-UTI on a standalone basis. They now have a $24.00 price target on the stock. Nikko Asset Management Americas Inc. boosted its stake in Patterson-UTI Energy by 0.7% in the first quarter. Profund Advisors Ltd Liability Company reported 37,985 shares. Finally, Timber Hill LLC bought a new stake in shares of Patterson-UTI Energy during the first quarter worth about $269,000. ProShare Advisors LLC now owns 28,449 shares of the oil and gas company's stock worth $690,000 after buying an additional 1,818 shares during the last quarter. Hedge funds and other institutional investors own 85.04% of the company's stock. Tudor Pickering started coverage on shares of Patterson-UTI Energy in a research note on Thursday, March 23rd.

COPYRIGHT VIOLATION NOTICE: "Patterson-UTI Energy (NASDAQ:PTEN) Getting Positive Media Coverage, Study Shows" was reported by Chaffey Breeze and is owned by of Chaffey Breeze. Now trading with a market value of 4.40B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Patterson-UTI Energy, Inc. has a one year low of $17.61 and a one year high of $29.76. The company has an average rating of Hold and an average price target of $27.54.

04/28/2017 - Patterson-UTI Energy, Inc. had its " rating reiterated by analysts at Deutsche Bank. Note, this compares with a consensus analyst forecast of -0.28 in earnings per share for its next fiscal quarterly report. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson-UTI Energy, Inc. with MarketBeat.com's FREE daily email newsletter. The business had revenue of $579 million for the quarter, compared to analysts' expectations of $556.47 million.

Its net loss of $92 million, or 46 cents a share, in the second quarter, was larger than its loss of $86 million, or 58 a share, in the same period past year.

7/11/2017 - Patterson-UTI Energy had its "hold" rating reaffirmed by analysts at Cowen and Company.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. (NASDAQ:PTEN) is down -26.89%, compared with a fall of almost -12.69% for 3 months and about 0.46% for the past 30 days. The dividend was $0.020 per share for the quarter or $0.08 annualized.

Patterson-UTI Energy, Inc is an oilfield services company. "(NASDAQ:PTEN)" was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another site, it was stolen and reposted in violation of United States & global trademark and copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/07/28/patterson-uti-energy-inc-pten-stake-raised-by-credit-suisse-ag.html.

A number of brokerages have recently commented on PTEN. Patterson-UTI Energy presently has a consensus rating of "Hold" and a consensus price target of $27.54.

Session activity on Patterson-UTI Energy, Inc.(NASDAQ:PTEN) shares bumps the stock on today's most active list.

7/12/2017 - Patterson-UTI Energy had its "neutral" rating reaffirmed by analysts at Piper Jaffray Companies. Royal Bank Of Canada set a $35.00 price objective on Patterson-UTI Energy and gave the company a "buy" rating in a research note on Saturday, June 24th.

Among 4 analysts covering Avingtrans PLC (LON:AVG), 3 have Buy rating, 0 Sell and 1 Hold.

On June 21, 2017 the stock rating was rated "Neutral" according to a Seaport Global report down from the previous "Neutral" rating. Patterson-UTI has deployed all of its super-spec rigs and has set aside funds to upgrade other machines in its fleet.

The Houston drilling and pressure pumping contractor said its average USA rig count rose 23 percent to 100 in the second quarter, and that figure should rise to 159 in July.



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