Economy

Patterson-UTI Energy, Inc. (PTEN) Receives $27.60 Consensus Price Target from Analysts

Enova International Inc had 12 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, April 29, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, June 6 by Evercore. Macquarie Research initiated the shares of ENVA in report on Thursday, May 26 with "Neutral" rating. They set a buy rating and a $22.00 target price on the stock. The ex-dividend date is Wednesday, September 6th. As per Monday, June 20, the company rating was maintained by Howard Weil. (NASDAQ:PTEN) earned "Buy" rating by Jefferies on Monday, July 11. The firm has "Market Perform" rating by Cowen & Co given on Thursday, January 19. Lord Abbett Company Lc stated it has 0.17% of its portfolio in Patterson-UTI Energy, Inc. $0.08 is the ADY. This represents a $0.08 annualized dividend and a yield of 0.47%.

Patterson-UTI Energy chairman Mark Siegel said: "The acquisition of MS Energy will broaden our service offerings and strengthen our position as a leading provider of oilfield services in the US". Analysts anticipate that Patterson-UTI Energy will post ($0.91) earnings per share for the current year. Jul 27, 2017 is the announcement.

About 11,587 shares traded.

In a research note made public on 5 September, JP Morgan announced that they have chose to upgrade shares of Patterson-UTI Energy (NASDAQ:PTEN) stock from a Neutral to a Overweight. It has outperformed by 16.21% the S&P500. The company has market cap of $5.46 billion. Our contract drilling business operates in the continental United States and western Canada, and our pressure pumping and oilfield rental tools businesses operate primarily in Texas and the Mid-Continent and Appalachian regions. It now has negative earnings.

Investors sentiment increased to 1.66 in 2016 Q4. Its up 0.01, from 0.96 in 2016Q3. Under the terms of the transaction, Patterson-UTI will acquire all of the issued and outstanding limited liability company interests of MS Energy for consideration of approximately 8.8 million shares of Patterson-UTI common stock and $75 million of cash. 55 funds opened positions while 78 raised stakes. Zacks Investment Research downgraded shares of Patterson-UTI Energy from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, OppenheimerFunds Inc. boosted its stake in shares of Patterson-UTI Energy by 1.7% in the first quarter. (NASDAQ:PTEN) for 181,094 shares. Symphony Asset Mngmt Limited Liability Co holds 0.13% in Patterson-UTI Energy, Inc. Stevens Mgmt Lp stated it has 94,307 shares or 0.1% of all its holdings. Bridgeway Management Inc owns 70,700 shares. Ci Invs holds 2.02M shares or 0.59% of its portfolio. Morgan Stanley holds 0.01% or 1.21M shares. Ubs Asset Mgmt Americas reported 0.02% stake. Thrivent Financial For Lutherans lifted its holdings in shares of Patterson-UTI Energy by 3.0% during the first quarter. (NASDAQ:PTEN) or 52,302 shares. Strategic Advsrs Limited Liability Co holds 40,305 shares or 0.4% of its portfolio. State Street Corporation owns 171,125 shares for 0% of their portfolio. The oil and gas company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.09. Gates Capital Management Inc sold 1.80M shares as Darling Ingredients Inc (DAR)'s stock rose 25.73%. (NASDAQ:PTEN). Boothbay Fund Management Ltd Llc invested in 0.07% or 8,103 shares. The legal version of this report can be read at https://weekherald.com/2017/09/06/patterson-uti-energy-inc-pten-given-buy-rating-at-piper-jaffray-companies.html. Therefore 62% are positive. Patterson-UTI Energy has a 52 week low of $14.83 and a 52 week high of $29.76. The average 12-month price target among brokerages that have covered the stock in the past year is $27.60. Finally, Jefferies Group LLC set a $26.00 price objective on shares of Patterson-UTI Energy and gave the company a buy rating in a report on Saturday, July 29th. On Wednesday, March 9 the stock rating was maintained by Susquehanna with "Positive". Airain ltd acquired a new stake in shares of Patterson-UTI Energy during the first quarter worth $966,000. Citigroup downgraded the stock to "Neutral" rating in Friday, March 18 report. Howard Weil has "Sector Perform" rating and $27 target. The firm has "Underperform" rating by Credit Suisse given on Wednesday, June 1. Gabelli upgraded the stock to "Buy" rating in Wednesday, September 14 report. The rating was downgraded by Goldman Sachs to "Neutral" on Friday, December 16. The firm has "Buy" rating by Maxim Group given on Wednesday, January 4. "Their internally-developed and patented Clean Communications ("C2") technology enables high-speed electromagnetic MWD telemetry independent of geological formation constraints in pad drilling, which saves E&P companies considerable drilling time and expense". The company has market cap of $1.20 billion. It has a 16.72 P/E ratio. The 7 months bullish chart indicates low risk for the $534.82 million company.

The stock decreased 0.41% or $0.05 during the last trading session, reaching $12.1. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since September 6, 2016 and is uptrending. It has outperformed by 85.30% the S&P500.

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