Economy

Is Patterson-UTI Energy Inc. (PTEN) a good buy?

Is Patterson-UTI Energy Inc. (PTEN) a good buy?”

PNC Financial Services Group Inc. now owns 9,303 shares of the oil and gas company's stock valued at $225,000 after buying an additional 683 shares during the last quarter. The company reported ($0.53) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.54) by $0.01. Facebook Inc (NASDAQ:FB) has risen 26.75% since September 14, 2016 and is uptrending.

Cohen & Steers Inc increased American Water Works Company Inc. (NASDAQ:PTEN). Hsbc Hldg Public Ltd Company stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. The stock rose 2.65% or $0.47 reaching $18.03. About 360,128 shares traded. Patterson Uti Energy Inc now has $3.94 billion valuation. It has outperformed by 16.21% the S&P500.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.01, from 0.96 in 2016Q3. 55 funds opened positions while 78 raised stakes. Dalton Greiner Hartman Maher & Company reported 538,692 shares or 0.85% of all its holdings. Citigroup holds 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Teachers Retirement Sys Of The State Of Kentucky holds 0.04% or 124,666 shares. M&T Natl Bank accumulated 8,852 shares. Prudential has 98,559 shares. (NASDAQ:PTEN). Hanseatic has 22,987 shares for 0.35% of their portfolio. Btg Pactual Glob Asset Mgmt Limited owns 68,750 shares for 1.67% of their portfolio.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Thursday, February 9th. 157.30 million shares or 0.85% less from 158.64 million shares in 2016Q3 were reported. 3,657 were accumulated by Glenmede Tru Company Na. Moreover, Argentiere Capital Ag has 0.89% invested in Patterson-UTI Energy, Inc. About 154,892 shares traded. State Of New Jersey Common Pension Fund D reported 0.01% stake. The legal version of this story can be accessed at https://stocknewstimes.com/2017/09/14/short-interest-in-patterson-uti-energy-inc-pten-grows-by-21-1.html. Evercore ISI reissued an "outperform" rating and issued a $35.00 price objective on shares of Patterson-UTI Energy in a research note on Tuesday, June 6th.

05/08/2017 - Patterson-UTI Energy, Inc. was upgraded to "overweight" by analysts at Capital One.

Patterson-UTI Energy, Inc. was upgraded to "overweight" by analysts at JP Morgan.

Elm Ridge Management Llc decreased Patterson Uti Energy Inc (PTEN) stake by 24.76% reported in 2016Q4 SEC filing. Therefore 39% are positive. During the last 52 weeks, the price has been as high as $29.76 and as low as $14.83. The stock has "Hold" rating by BMO Capital Markets on Thursday, July 13. (PTEN) are stable and safe compared to the lower market capitalization companies. The firm has "Market Perform" rating by Raymond James given on Friday, April 29. The rating was maintained by Piper Jaffray with "Buy" on Monday, July 10. Nomura upgraded the shares of PTEN in report on Wednesday, April 5 to "Buy" rating. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. The firm earned "Neutral" rating on Wednesday, January 4 by Credit Suisse. Time Warner Inc now has $78.56B valuation. (AMZN) Stock Investors Shouldn't Overlook These Risks" published on September 06, 2017 as well as Investorplace.com's news article titled: "Amazon.com, Inc. "(PTEN) Ex-Dividend Date Scheduled for September 06 ..." on September 05, 2017.

In the most updated research from a number of analysts on Wall Street, the company gets 19 Buys and 1 Sell among 28 analysts. Therefore 33% are positive. Facebook had 168 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 16 by KeyBanc Capital Markets.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd.

Since June 15, 2017, it had 1 insider buy, and 0 sales for $25,416 activity.

Twin Capital Management Inc increased Mfc Vanguard Bd Index Fds Vang (BND) stake by 16,602 shares to 201,371 valued at $16.27M in 2016Q4. (NASDAQ:AMZN) shares with value of $940.74M were sold by BEZOS JEFFREY P. The insider ALBERG TOM A sold 670 shares worth $630,102. Shares for $53,175 were sold by NELSON KATHLEEN M. on Monday, May 1. Another trade for 209 shares valued at $30,236 was sold by Desmond-Hellmann Susan.

Investors sentiment decreased to 0.87 in Q4 2016. It dropped, as 126 investors sold AMZN shares while 478 reduced holdings. 156 funds opened positions while 618 raised stakes. Scotiabank reissued a "sector perform" rating and issued a $27.00 price target (up from $22.00) on shares of Patterson-UTI Energy in a report on Friday, October 28th. Advantus Management owns 0.43% invested in The Coca-Cola Co (NYSE:KO) for 388,889 shares. New York-based Kingdon Mgmt Ltd Company has invested 0.79% in Amazon.com, Inc.

Analysts await Facebook Inc (NASDAQ:FB) to report earnings on November, 1. (NASDAQ:PTEN). Secor Advsrs Lp holds 0.05% or 14,643 shares in its portfolio. Cetera Advisor Ntwk Ltd Liability Corp holds 0.39% or 64,090 shares in its portfolio. Fortaleza Asset Management stated it has 10,240 shares or 2.5% of all its holdings. Kbc Grp Nv reported 360,530 shares. (NASDAQ:PTEN). Tortoise Advsr Ltd invested in 9,177 shares or 0% of the stock. Westpac Bk Corp holds 0% or 4,337 shares.



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