Economy

Growth Analysis of Patterson-UTI Energy Inc. (PTEN)

Sell-side analyst recommendations point to a short term price target of $7.83 on the company shares. The company's market cap is $4.07 Billion, and the average volume is 4.36 Million. Next year this decline will reach -88.46% to attain -$0.06. Currently, 397.8 million total shares are owned by the public and among those 394.5 million shares have been available to trade.

Patterson-UTI Energy, Inc. (PTEN) now the company's industry has 11.66 P/E and the sector P/E is 16.31. It has outperformed by 16.21% the S&P500. This works out to a decrease of -58.72% compared to last year's earnings. Similarly, the company's Director TALBOTT CLOYCE A on 2014-06-27 Sell 400000 shares of the company at a price of $34.49. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.04. Scout Investments Inc. now owns 1,049,136 shares of the oil and gas company's stock worth $21,182,000 after buying an additional 529,023 shares during the last quarter. The stock rose 2.11% or $3.43 reaching $166.48. About 156,483 shares traded or 2.16% up from the average. The stock has risen 30.04% since then. Royal Bank Of Canada restated a "buy" rating and set a $29.00 target price on shares of Patterson-UTI Energy in a research report on Thursday, July 20th. Citigroup Inc. set a $24.00 price objective on shares of Patterson-UTI Energy and gave the stock a "buy" rating in a research report on Thursday, October 5th. Therefore 50% are positive. The company was maintained on Friday, September 22 by Jefferies. (NASDAQ:PTEN) in a report issued on Friday, Marketbeat.com reports. (NASDAQ:PTEN) earned "Hold" rating by Cowen & Co on Friday, July 7. RBC Capital Markets maintained Murphy Oil Corporation (NYSE:MUR) on Friday, July 31 with "Sector Perform" rating.

The price target set for the stock is $24.67 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. The rating was maintained by Piper Jaffray with "Buy" on Monday, July 10. Credit Suisse upgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Monday, April 18. It has been assigned a low target price of $6.5 and a high target price of $10. The rating was initiated by JP Morgan on Wednesday, December 9 with "Neutral".

A number of large investors have recently added to or reduced their stakes in PTEN. 15 funds opened positions while 15 raised stakes. 200.72 million shares or 15.08% more from 174.43 million shares in 2017Q1 were reported. Finally, Scout Investments Inc. raised its holdings in shares of Patterson-UTI Energy by 101.7% in the second quarter. (NASDAQ:PTEN). Teton Advisors reported 85,473 shares. Sumitomo Mitsui Holding stated it has 0% in Patterson-UTI Energy, Inc. Societe Generale began coverage on Patterson-UTI Energy in a research report on Thursday, August 31st. Federated Investors Inc. PA raised its holdings in shares of Patterson-UTI Energy by 9.9% in the second quarter. The stock of Patterson-UTI Energy, Inc. State Street Corp increased its stake in Patterson-UTI Energy by 10.1% in the first quarter. During the same quarter in the prior year, the firm earned ($0.58) earnings per share.

Valuations and Returns for Cenovus Energy Inc. Moreover, Korea Investment Corporation has 0.01% invested in Murphy Oil Corporation (NYSE:MUR). (NASDAQ:PTEN) has "Hold" rating given on Thursday, July 13 by BMO Capital Markets. Weaver C Barksdale Assoc Incorporated reported 0.01% stake. Symphony Asset Lc reported 73,721 shares. Bank of New York Mellon Corp raised its holdings in shares of Patterson-UTI Energy by 59.9% in the second quarter.

Investors sentiment increased to 1.66 in Q2 2017.

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Bluecrest Capital Mngmt Ltd has 70,182 shares.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. (NASDAQ:PTEN). State Street stated it has 4.98M shares. (NASDAQ:AAPL) for 522,708 shares. Louisiana State Employees Retirement System holds 43,100 shares. Eaton Vance accumulated 8.15 million shares or 3.08% of the stock. Cue Inc has invested 1.46% in Gladstone Investment Corporation (NASDAQ:GAIN). Bonness Inc holds 1.62% of its portfolio in Apple Inc. Cambridge Inv Research Advsr owns 888,900 shares.



Like this

Latest


31 October 2017
MGIC Investment Corporation (MTG) Releases Earnings Results, Beats Expectations By $0.06 EPS
BlackRock Inc. increased its position in shares of MGIC Investment Corporation by 1.6% during the second quarter. MGIC Investment Corporation (MTG ) closed up +0.28 points or 2% at $14.29 with 3.99 mln shares exchanging hands.

31 October 2017
Active Stock Momentum: QUALCOMM Incorporated (QCOM)
The count of Hold ratings in that period was 0. (NASDAQ: QCOM ) has "Buy" rating given on Thursday, July 23 by Stifel Nicolaus. Empyrean Capital Partners Lp decreased Park Hotels Resorts Inc stake by 505,000 shares to 1.25M valued at $33.71M in 2017Q2.

31 October 2017
The Cerner Corp. (CERN) Stake Held by Retirement Planning Group
The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). State Farm Mutual Automobile Insurance Co. boosted its stake in Cerner Corporation by 381.0% during the second quarter.

31 October 2017
Can I watch the HTC U11 Plus and U11 Life launch online?
It is also understood that the fingerprint sensor has been moved to the rear side with this sort of hardware placements. Now we're waiting on confirmation of the time from HTC, but suspect it will be the same.

31 October 2017
Conservative Website Was First to Fund Research Leading to Trump-Russia Dossier
He called the dossier a "caricature of intel", adding that as many as 1,000 Trump "associates" were unmasked in the investigation. The Steele reports also alleged Russian Federation had been working with Trump associates to help him with the election.

31 October 2017
Valeant Pharmaceuticals International, Inc. (VRX)- Investments Worthy Stocks
Phoenix Investment Adviser Llc increased Valeant Pharmaceuticals Intl ( VRX ) stake by 137.13% reported in 2017Q2 SEC filing. It increased, as 48 investors sold FB shares while 553 reduced holdings. 73 funds opened positions while 143 raised stakes.

31 October 2017
IDFC calls off Shriram merger over differences in valuation
It is also the second-largest shareholder in Shriram City Union Finance Ltd and Shriram Transport. If we break Shriram Capital into its parts, we would have been able to save the deal.

31 October 2017
The Guggenheim Begins Coverage on Portland General Electric Co. (POR)
The conglomerate reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.20). Moreover, Semper Augustus Invs Group Inc Lc has 2.48% invested in General Electric Company (NYSE:GE) for 119,415 shares.

31 October 2017
IPS Officer, 29, Founded Civil Service Coaching, Now Caught Cheating
The alleged fraud was detected while he was appearing for the main civil services examinations. The officer was reportedly communicating with his wife over the device while writing the exam.

31 October 2017
German train dubbed 'Anne Frank' causes controversy
DB is state-owned and the successor of the Deutsche Reichsbahn, which deported millions of Jews and other victims of the Nazis. Anne Frank's name is one of 25 famous Germans chosen by a jury after a public consultation which will adorn new ICE trains.



Recommended