Economy

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Under Analyst Spotlight

200.72 million shares or 15.08% more from 174.43 million shares in 2017Q1 were reported.

Among new and sold out positions, 48 holders initiated new positions by a total of 17.02 million shares and 53 holders exited their positions by a total of 10.59 million shares. Tekla Cap Mgmt Limited Liability holds 114,966 shares or 0.34% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited holds 0.01% or 3,800 shares. It also reduced Spdr S&P 500 Etf Trust (Put) (SPY) stake by 1.39 million shares and now owns 2.96M shares. Texas Permanent School Fund has 120,715 shares for 0.03% of their portfolio. Institutional investors and hedge funds own 98.67% of the company's stock.

Latest evolution in the price of Patterson-UTI Energy, Inc. (PTEN). These ratios are important while doing valuation of the company or the shares of the company. Teachers Retirement Sys Of The State Of Kentucky reported 66,783 shares or 0.02% of all its holdings. Intrepid holds 6.86% of its portfolio in Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. has a 50 day moving average of 19.02 and a 200 day moving average of 20.22.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. The correct version of this piece can be viewed at https://www.truebluetribune.com/2017/10/19/patterson-uti-energy-pten-receives-media-impact-score-of-0-19.html. New Generation Advsr Limited Liability owns 4.2% invested in Patterson-UTI Energy, Inc. There has been an observed change of 0.00% in the ownership of the shares in the past six months. Vanguard Group Inc. now owns 16,761,217 shares of the oil and gas company's stock worth $338,409,000 after buying an additional 3,115,388 shares during the last quarter.

Media stories about Patterson-UTI Energy (NASDAQ:PTEN) have been trending somewhat positive on Thursday, Accern reports. It has outperformed by 16.21% the S&P500.

Deutsche Bank began new coverage on Patterson-UTI Energy, Inc. giving the company a "buy" rating. During the same quarter in the prior year, the business earned ($0.58) earnings per share. The stock of Patterson-UTI Energy, Inc.

07/31/2017 - Patterson-UTI Energy, Inc. had its "buy" rating reiterated by analysts at UBS.

Osborne Partners Capital Management Llc increased its stake in Stericycle Inc. Finally, Credit Suisse Group dropped their price objective on Patterson-UTI Energy from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, September 22nd. Winch Advisory Svcs Ltd Com reported 1.11% of its portfolio in Patterson-UTI Energy, Inc. The other 20, though not evenly; between analysts who think you should buy Patterson-UTI Energy, Inc. versus those who think you should sell it. Therefore 68% are positive. Patterson-UTI Energy has a 52-week low of $14.83 and a 52-week high of $29.76. The share price has moved forward from its 20 days moving average, trading at a distance of 11.1% and stays -3.42% away from its 50 days moving average. The rating was upgraded by JP Morgan on Tuesday, September 5 to "Overweight". The firm has "Buy" rating given on Friday, July 7 by Stifel Nicolaus. The firm has "Buy" rating by Gabelli given on Wednesday, September 14. (NASDAQ:PTEN) has "Outperform" rating given on Monday, January 11 by Wells Fargo. Guggenheim upgraded the stock to "Buy" rating in Monday, November 30 report. As per Wednesday, May 4, the company rating was reinitiated by Seaport Global. BMO Capital Markets has "Outperform" rating and $134 target. The firm earned "Buy" rating on Friday, December 11 by Citigroup. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Tuesday, September 5 with "Buy" rating.

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