Economy

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Underpriced by 27.2%?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Underpriced by 27.2%?”

(NASDAQ:PTEN) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Patterson-UTI Energy by 7.9% during the 1st quarter. World Asset Management Inc now owns 12,324 shares of the oil and gas company's stock worth $249,000 after acquiring an additional 295 shares during the period. The stock of Patterson-UTI Energy, Inc. Gluskin Sheff & Assoc Inc. now owns 11,740 shares of the oil and gas company's stock valued at $237,000 after purchasing an additional 780 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Patterson-UTI Energy by 76.1% in the second quarter. (NASDAQ:PTEN). Arizona State Retirement Systems stated it has 69,700 shares. State Treasurer State of MI now owns 68,200 shares of the oil and gas company's stock worth $1,377,000 after acquiring an additional 600 shares during the period. RBC Capital Markets maintained Patterson-UTI Energy, Inc. PNC Financial Services Group Inc. now owns 8,732 shares of the company's stock worth $186,000 after buying an additional 4,118 shares during the period. Institutional investors own 98.45% of the company's stock. Patterson-UTI Energy, Inc. dipped to as low as $17.65 throughout the day and has returned -33.25% in this year. (NASDAQ:PTEN) is a huge mover today! About 1.14 million shares traded. The portion of a company's profit allocated to each outstanding share of common stock was $0.07 a share in the trailing twelve months. The company reported ($0.58) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.63) by $0.05. Patterson-UTI Energy had a negative return on equity of 10.03% and a negative net margin of 23.78%.

Looking forward, for the quarter ending Dec-17, 22 analysts have a mean sales target of 734.51 million. During the same quarter in the previous year, the firm posted ($0.58) earnings per share.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its quarterly earnings results on Thursday, July 27th. On average, equities analysts predict that Patterson-UTI Energy, Inc. will post ($0.90) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US & worldwide copyright laws. Patterson-UTI Energy, Inc.is given 9 buy-equivalent recommendations, 0 sells and 8 holds. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. The Company's shares were trading -39.62% below from the 52-week high price mark of $29.76 and 21.17% above from the 52-week price bottom of $21.17%. Finally, Macquarie cut Patterson-UTI Energy from a "neutral" rating to an "underperform" rating and set a $14.00 price objective on the stock.in a report on Tuesday, August 9th. They noted that the move was a valuation call. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. Keefe Bruyette & Woods maintained the shares of STI in report on Monday, June 5 with "Hold" rating.

In the most updated research from a number of analysts on Wall Street, the company gets 19 Buys and 1 Sell among 28 analysts. (NASDAQ:PTEN) on Monday, October 2 with "Buy" rating. Pine River Capital Management Lp acquired 94,288 shares as Patterson (PTEN)'s stock declined 16.81%. The Firm owns and operates a fleet of land drilling rigs and a fleet of pressure pumping equipment in the United States. The Company's divisions include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators.



Like this

Latest


27 October 2017
Samsung Galaxy A7 (2018) With Exynos 7885 Chipset Appears on Geekbench
Exynos processors are typically manufactured by Samsung itself and they provide tough competition to the Qualcomm processors. As for the Geekbench score, the device posted a 1490 score on the single core test and 4172 points on the multi-core test.

27 October 2017
What's The Story Behind Laboratory Corp. of America Holdings (NYSE:LH)
KeyBanc Capital Markets downgraded Laboratory Corp. of America Holdings (NYSE:LH) on Tuesday, June 27 to "Sector Weight" rating. Sun Life Financial INC grew its stake in shares of Laboratory Corporation of America Holdings by 9,200.0% in the 2nd quarter.

27 October 2017
Cowboys release Kellen Moore as Cooper Rush becomes backup QB
Moore was previously cut during final roster cuts in September, but when Rico Gathers went down with an injury, he was re-signed. The Cowboys used the roster spot opened by the Moore transaction to sign tight end Blake Jarwin from their practice squad.

27 October 2017
Taylor Swift Goes Full Bionic Woman In 'Ready For It' Music Video
The new song is seemingly about Swift's current boyfriend Joe Alwyn, who she has been dating since late past year . The video was described by director Joseph Kahn as "an homage to sci-fi and anime".

27 October 2017
GFvip 2, caos nella notte, interviene la sicurezza
Spaesato ripeteva: " Grande Fratello , mi sentite?" Passati pochi minuti tutto è tornato alla calma: cosa accadrà ora per i concorrenti del Grande Fratello VIP?

27 October 2017
Nikola Mirotic wouldn't veto trade out of Chicago
Mirotic chose to stay in Chicago by agreeing to a new deal with the Bulls in the offseason citing that his family loves it here. You don't usually want to see players fighting in practice at all, and certainly not in a way that sends one to the hospital.

27 October 2017
Arsene Wenger wants Theo Walcott to stay at club
Theo Walcott is still wanted at Arsenal and will get a chance in the Premier League , says Arsene Wenger . He said, after the game: "I can't remember a young player having such an impact in a game like that".

27 October 2017
Joe Flacco leaves game after cheap shot by Kiko Alonso
Ravens offensive lineman Ryan Jensen quickly went after Alonso after the hit and skirmish between the two teams erupted. Flacco looked dazed for the seconds after the hit, putting his finger up as if he wanted to come out of the game.

27 October 2017
Tragic Drug Death: Eric Bolling Son Opioid Overdose Ruled An Accident
Eric Chase Bolling, 19, was found dead in an apartment in Boulder, Colo., on September 9, the city coroner's office said. The 19-year-old was a student at the University of Colorado and was studying economics and a member of a fraternity.

27 October 2017
Google Pixel 2 e il mistero della variante "muskie"
Tre ci comunica che scegliendo Pixel 2 e la All In Master c'è un ulteriore sconto del 30 % sulla tariffa che diventa di 10 euro al mese al posto di 15 euro .