Economy

Investec Asset Management LTD Takes Position in Patterson-UTI Energy, Inc. (PTEN)

About 2.77 million shares traded. For the quarter, shares have been noted at -7.66%. It has outperformed by 16.21% the S&P500.The move comes after 9 months positive chart setup for the $4.33B company. The value of the investment in Patterson-UTI Energy, Inc. decreased from $5,588,000 to $4,848,000 a change of 13.2% for the reporting period.

For the current quarter, 24 analysts are projecting a mean EPS of $-0.18/share. Delta Air Lines Inc Del now has $35.34 billion valuation. Eqis Mngmt accumulated 16,499 shares or 0.02% of the stock.

About 56,828 shares traded. Delta Air Lines, Inc. (PTEN) has risen 32.91% since September 25, 2016 and is uptrending. It has underperformed by 27.33% the S&P500. Year to Date (YTD) performance of Patterson-UTI Energy Inc. The company has market cap of $4.36 billion. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. It now has negative earnings. The Company is also engaged in the development, exploration, acquisition & production of oil and natural gas; however, due to the substantial growth in the Company's drilling contract operations, the oil & natural gas operations are no longer material to the Company's overall operations.

Investors sentiment increased to 1.66 in Q2 2017. Looking at some alternate time periods, the 12 month price index is 0.99539, the 24 month is 1.46265, and the 36 month is 0.60318. Keybank National Association acquired 28,709 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. 52 funds opened positions while 122 raised stakes. 389.74 million shares or 0.52% less from 391.76 million shares in 2017Q1 were reported. 88,737 were reported by Creative Planning. Citadel Advsr Ltd Limited Liability Company has 6.89 million shares.

PTEN has been the topic of a number of research analyst reports. Canada Pension Plan Invest Board holds 130,100 shares or 0.01% of its portfolio.

TRADEMARK VIOLATION NOTICE: "Patterson-UTI Energy, Inc". The legal version of this news story can be viewed at https://weekherald.com/2017/09/26/investec-asset-management-ltd-invests-14-46-million-in-patterson-uti-energy-inc-pten.html. Bessemer Gru has invested 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 87,038 shares. Goldman Sachs downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Symphony Asset Limited Liability Corporation stated it has 73,721 shares. Mraz Amerine & Assoc holds 0.22% or 34,600 shares in its portfolio. Kahn Brothers Group Inc Inc De holds 922,906 shares. Energy Opportunities Mngmt Lc holds 6.15% or 558,561 shares in its portfolio. Patterson-UTI Energy, Inc. (NASDAQ:PTEN), at its latest closing price of $20.47, it has a price-to-book ratio of 0.00, compared to an industry average at 0.67. Therefore 22% are positive. Patterson-UTI Energy Inc had 83 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Seaport Global on Wednesday, June 21. (NASDAQ:PTEN). Citigroup owns 10,992 shares. The ex-dividend date was Wednesday, September 6th. Guggenheim upgraded the shares of PTEN in report on Tuesday, February 14 to "Buy" rating. The rating was maintained by Cowen & Co with "Outperform" on Friday, October 23. (NASDAQ:PTEN) on Friday, October 28 with "Sector Perform" rating.

Since January 1, 0001, it had 0 buys, and 9 selling transactions for $12.93 million activity. The insider Bastian Edward H sold 25,000 shares worth $1.21 million. The forecast of 2 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The firm has "Overweight" rating given on Friday, July 14 by Morgan Stanley. As per Thursday, January 19, the company rating was downgraded by Cowen & Co. (NYSE:DAL) rating on Monday, December 5. Wedbush has "Outperform" rating and $70.0 target. Also Finance.Yahoo.com published the news titled: "Is It Time To Buy Patterson-UTI Energy Inc (PTEN)?" on September 17, 2017. As per Friday, June 23, the company rating was maintained by RBC Capital Markets. Wedbush maintained Splunk Inc (NASDAQ:SPLK) rating on Friday, August 19. The company was maintained on Tuesday, September 5 by Piper Jaffray. Stephens initiated it with "Overweight" rating and $65 target in Tuesday, March 29 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Like this

Latest


26 September 2017
I was comfortable with Hardik Pandya going ahead of me: Manish Pandey
The Indian talisman is one of the most fierce personalities in the game and never likes holding back. "There is pressure. The Australian players like having a go at their opponents and Virat Kohli's men are known to give as good as they get.

26 September 2017
Donald Trump extends travel ban to North Korea and Venezuela
But an administration official admitted that the number of North Koreans travelling to the United States is very low. The order expired on Sunday and the Supreme Court is set to hear arguments about its constitutionality next month.

26 September 2017
HP, Acer, and Lenovo ready low-priced laptops with Windows 10 S
This refers to users who are "first to engage customers, represent a company's brand, and those who see products in action". The Aspire will be a 14-inch laptop and the Swift a 13-inch model, retailing at $299 (£220) and $349 (£260) respectively.

26 September 2017
Labour members who make anti-Semitic remarks should be expelled, says Jonathan Ashworth
In April, the former Mayor of London Ken Livingstone was suspended over controversial comments about Adolf Hitler and Zionism. Asked whether the remarks had given those at the top of the party a lot of concern, he replied: "Yes, yes it has".

26 September 2017
NFL Players Kneel, Lock Arms in Unity During National Anthem
But that misses the point - a point that many National Football League team owners and players have grasped, unlike the president. Most Redskins stood arm-in-arm on Sunday night as the anthem played before their nationally-televised game against the Raiders.

26 September 2017
Are Analysts Bullish about Garmin Ltd. (NASDAQ:GRMN) after last week?
As of the end of the quarter Edge Asset Management, Inc had acquired a total of 142,654 shares growing its stake by 26.9%. Bokf Na owns 85,210 shares for 0.14% of their portfolio. 57,326 were reported by Magnetar Limited Liability Company.

26 September 2017
Blue Apron Holdings Inc (NASDAQ:APRN) Receives "Sector Weight" Rating from KeyCorp
Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Blue Apron Holdings during the 2nd quarter worth $110,000. The firm set its price target for Blue Apron stock at $9, representing a premium of more than 73% to Friday's close at $5.19.

26 September 2017
New travel ban adds North Korea, Venezuela
Senior administration officials told reporters about the new revised ban regulations in a phone conference Sunday. However, it remains unclear whether it can withstand legal challenge.

26 September 2017
'Avatar' Sequels Start Shooting With Budget Spanning $1 Billion
It's an unprecedented price for a quartet of movies, Deadline notes, already dubbing this the "most expensive shoot of its kind". All sequels are expected to be filmed in 3D, a factor that contributed to Avatar's incredible box office gross in 2009.

26 September 2017
Ataribox Retro Console Runs Linux And Features AMD APU With Radeon Graphics
The Ataribox team posted a handful of new images of the upcoming console, and also shared a bit more about the game system. Apparently, the Ataribox is expected to launch at between $249 and $299 in the United States next Spring (£185 to £222).



Recommended