Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Valuation According To Analysts

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) in the last month has increased +23.86%. (NASDAQ:PTEN). Rbf Ltd Company has invested 0.16% in Patterson-UTI Energy, Inc.

PTEN is now undervalued by -21.52% relative to the average 1-year price target of $24.67 taken from a group of Wall Street Analysts.

PTEN has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a "buy" rating and set a $29.00 price target on shares of Patterson-UTI Energy in a research note on Thursday, July 20th. They noted that the move was a valuation call. It improved, as 44 investors sold Patterson-UTI Energy, Inc. shares while 61 reduced holdings. BidaskClub raised Patterson-UTI Energy from a sell rating to a hold rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co's target price would suggest a potential upside of 22.89% from the stock's current price. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. The stock now has a consensus rating of "Hold" and a consensus price target of $27.36.

Patterson-UTI Energy (NASDAQ:PTEN) last released its earnings results on Thursday, July 27th. The corporation has a market cap of US$4.08 Billion. The share price has already crossed its 20 days moving average, floating at a distance of 0.12% and sits 2.63% higher versus its 50 days moving average. After having $-0.21 EPS previously, Patterson-UTI Energy, Inc.'s analysts see -14.29% EPS growth.

Analysts expect Patterson-UTI Energy, Inc. The oil and gas company reported ($0.21) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.30) by $0.09. The firm had revenue of $579.00 million for the quarter, compared to analyst estimates of $556.47 million. Goldman Sachs Gru Inc stated it has 0.01% in Patterson-UTI Energy, Inc. Patterson-UTI Energy's revenue was up 198.5% on a year-over-year basis. Equities analysts predict that Patterson-UTI Energy, Inc. will post ($0.91) earnings per share for the current year.

07/31/2017 - Patterson-UTI Energy, Inc. had its "buy" rating reiterated by analysts at UBS. "(NASDAQ:PTEN) Shares Bought by Commonwealth Bank of Australia" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & global copyright and trademark legislation. (NASDAQ:PTEN). Intrepid Capital Mgmt holds 6.86% of its portfolio in Patterson-UTI Energy, Inc.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 6th. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Patterson-UTI Energy's dividend payout ratio (DPR) is now -4.06%. LS Investment Advisors LLC lifted its holdings in Patterson-UTI Energy by 7.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 1,570,180 shares of the oil and gas company's stock valued at $38,108,000 after purchasing an additional 46,250 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Patterson-UTI Energy during the 1st quarter worth approximately $263,000. Capstone Asset Management Co. lifted its holdings in Patterson-UTI Energy by 3.4% during the 2nd quarter. Finally, Timber Hill LLC acquired a new stake in Patterson-UTI Energy during the 1st quarter worth approximately $269,000. Bank of New York Mellon Corp now owns 3,280,292 shares of the oil and gas company's stock valued at $66,229,000 after purchasing an additional 1,228,607 shares in the last quarter. State Treasurer State of MI lifted its holdings in Patterson-UTI Energy by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,303 shares of the oil and gas company's stock valued at $225,000 after purchasing an additional 683 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company's stock. The Firm focuses its investment activities primarily on Energy Efficiency Projects, which include projects typically undertaken by energy service companies, which reduce a building's or facility's energy usage or cost by installing various building components, including heating, ventilation and air conditioning systems, lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems, and Renewable Energy Projects, which include projects that deploy cleaner energy sources, such as solar and wind to generate power production.

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