Economy

Patterson-UTI Energy, Inc. (PTEN): What's the Story?

A number of other hedge funds also recently made changes to their positions in PTEN.

Analyst Thoughts About Patterson-UTI Energy, Inc. Axar Capital Management L.P. bought a new stake in Patterson-UTI Energy in the 2nd quarter valued at about $59,956,000. The Stock now has a Weekly Volatility of 2.42% and Monthly Volatility of 3.34%. Pacad Investment Ltd. acquired a new stake in shares of Patterson-UTI Energy during the second quarter valued at about $246,000. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the stock.

Cobalt Capital Management Inc. lifted its holdings in Patterson-UTI Energy, Inc.

The counter witnessed a trading volume of 0.38 million shares versus an average volume of 0.4 million shares during last trading session. State Street Corp now owns 4,141,885 shares of the oil and gas company's stock valued at $111,502,000 after buying an additional 53,727 shares in the last quarter. Values can range from 0 to -100.

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Patterson-UTI Energy Inc.as 685.5 Million.

The price target set for the stock is $24.58 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. Hancock Holding Co. now owns 480,503 shares of the oil and gas company's stock valued at $9,701,000 after acquiring an additional 9,862 shares during the period. Current market cap is $4.42B and the stock has an EPS of -$1.96. Schroder Investment Management Group's holdings in Patterson-UTI Energy were worth $914,000 as of its most recent filing with the SEC. 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. (NASDAQ:PTEN). Moreover, Utah Retirement System has 0.02% invested in Patterson-UTI Energy, Inc.

The stock decreased 0.53% or $0.11 during the last trading session, reaching $20.83.

Taking a peek at some Moving Averages, the 200-day is at 22.58, the 50-day is 17.97, and the 7-day is sitting at 20.73.

Patterson-UTI Energy (NASDAQ:PTEN) previously announced its earnings report on Early Thur, Jul 27th. The company now has a Return on Equity (ROE) of 0 and a Return on Investment (ROI) of 0. The business's revenue for the quarter was up 198.5% compared to the same quarter a year ago. Patterson-UTI Energy had a negative net margin of 34.79% and a negative return on equity of 13.25%. Its revenue totaled $556.29 million up 82.29% from the previous quarter. During the same period in the prior year, the business posted ($0.58) earnings per share. On average, analysts forecast that Patterson-UTI Energy, Inc. will post ($1.12) EPS for the current fiscal year. Stockholders of record on Thursday, September 7th were paid a $0.02 dividend. The firm has "Overweight" rating by Barclays Capital given on Wednesday, September 21. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. About shares traded. Patterson-UTI Energy, Inc.

PTEN has been the topic of several recent analyst reports.

04/28/2017 - Patterson-UTI Energy, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Jefferies maintained Patterson-UTI Energy, Inc. Jefferies Group LLC set a $32.00 price target on shares of Patterson-UTI Energy and gave the company a "buy" rating in a research report on Tuesday, June 6th. At the time of writing, the First Call consensus price target for the company is $27.82.

Among 3 analysts covering Aurinia Pharmaceuticals Inc (NASDAQ:AUPH), 3 have Buy rating, 0 Sell and 0 Hold.

Alexander's, Inc. (ALX) formed triangle with $460.87 target or 8.00% above today's $426.73 share price. The company has market cap of $4.43 billion. The Firm owns and operates a fleet of land drilling rigs and a fleet of pressure pumping equipment in the United States. 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.



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