Economy

(PTEN) a Sell? The Stock Formed Bearish Ascending Triangle Pattern

Creative Planning holds 128,798 shares or 0.01% of its portfolio. Roumell Asset Management Llc who had been investing in Paratek Pharmaceuticals Inc for a number of months, seems to be less bullish one the $501.54 million market cap company. The stock increased 0.03% or $0.05 during the last trading session, reaching $181.54. The hedge fund run by Eric Edidin held 11,597 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.10M, down from 115,164 at the end of the previous reported quarter. TheStreet upgraded shares of Patterson-UTI Energy from a "d+" rating to a "c-" rating in a research note on Monday, December 4th. It has outperformed by 75.15% the S&P500.

Eric Edidin decreased its stake in Straight Path Communicatns I (STRP) by 89.93% based on its latest 2017Q3 regulatory filing with the SEC. Scout Investments Inc. now owns 1,049,136 shares of the oil and gas company's stock valued at $21,182,000 after buying an additional 529,023 shares during the last quarter. Advisors Asset Management Inc. now owns 70,544 shares of the oil and gas company's stock valued at $1,424,000 after purchasing an additional 1,101 shares during the last quarter. The stock had a trading volume of 3,280,253 shares, compared to its average volume of 3,040,000. Profund Advsrs Ltd Liability reported 0.03% of its portfolio in Patterson-UTI Energy, Inc. It has outperformed by 24.27% the S&P500.

SunTrust Banks also issued estimates for Patterson-UTI Energy's Q4 2017 earnings at ($0.07) EPS, FY2017 earnings at ($0.83) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at ($0.10) EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.49 EPS. Patterson-UTI Energy, Inc. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17.

Several other institutional investors have also sold shares of the company. 22 funds opened positions while 47 raised stakes. New York State Common Retirement Fund has invested 0% in Epizyme, Inc. Retirement Systems Of Alabama has 675,199 shares for 0.07% of their portfolio. (NASDAQ:PTEN). Aqr Capital Mngmt Lc stated it has 1.23M shares. Wells Fargo Mn owns 8.12 million shares. Keybank Natl Association Oh reported 18,001 shares stake. Shareholders of record on Thursday, December 7th were issued a dividend of $0.02 per share. Millennium Mgmt Ltd Llc, New York-based fund reported 637,140 shares. Stevens Management Ltd Partnership holds 0.24% or 36,311 shares. Swiss Bancorp has 69,600 shares for 0.01% of their portfolio. Moreover, Federated Pa has 0% invested in Epizyme, Inc. (NASDAQ:SAGE) for 23,452 shares. 27,000 were accumulated by State Of Wisconsin Invest Board. (NYSEAMERICAN:STRP). Longfellow Inv Mngmt Llc holds 2.15% or 44,343 shares. The firm's market cap is $3.28 billion.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 21 have Buy rating, 1 Sell and 9 Hold.

Mark Travis decreased its stake in Patterson Uti Energy Inc Com (PTEN) by 29.83% based on its latest 2017Q3 regulatory filing with the SEC. The firm has "Market Outperform" rating given on Wednesday, March 9 by JMP Securities. (NASDAQ:ABMD) earned "Buy" rating by Jefferies on Thursday, August 3. The company was maintained on Thursday, July 20 by RBC Capital Markets.

Since August 15, 2017, it had 0 buys, and 4 sales for $1.23 million activity. The rating was maintained by SunTrust on Friday, October 27 with "Buy". (NASDAQ:PTEN) earned "Neutral" rating by Credit Suisse on Wednesday, January 4. Therefore 68% are positive. Ellington Gp Ltd Liability Co holds 0.04% of its portfolio in Patterson-UTI Energy, Inc. The firm has "Hold" rating by Cowen & Co given on Thursday, August 10. They set a hold rating on the stock. The rating was upgraded by Gabelli on Wednesday, September 14 to "Buy".

COPYRIGHT VIOLATION WARNING: "Nationwide Fund Advisors Has $8.65 Million Holdings in Patterson-UTI Energy, Inc".

PTEN has been the topic of a number of other research reports.

Another recent and important Patterson-UTI Energy, Inc. (NASDAQ:SWKS) on Friday, July 21 with "Buy" rating. Stephens has "Underweight" rating and $10 target. (NASDAQ:PTEN) rating on Tuesday, April 19. Piper Jaffray Companies set a $24.00 target price on shares of Patterson-UTI Energy and gave the stock a "buy" rating in a report on Tuesday, October 31st. Howard Weil downgraded the stock to "Sector Perform" rating in Monday, March 28 report. Its down 0.25, from 1.66 in 2017Q2. Vanguard Group Inc. increased its holdings in shares of Patterson-UTI Energy by 22.8% in the second quarter. 30 funds opened positions while 117 raised stakes. (PTEN) worth $379.59 million at the end of the most recent reporting period.The investor is now holding 17,671,620 shares thanks to an increase of 910,403 new shares in their portfolio. Texas Permanent School Fund owns 155,755 shares or 0.04% of their United States portfolio. Caxton Lp has invested 0.41% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 9,900 shares. Finally, Deutsche Bank initiated coverage on Patterson-UTI Energy in a research report on Tuesday, October 10th. The Kansas-based Tortoise Advsr Lc has invested 0.01% in Patterson-UTI Energy, Inc.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its quarterly earnings results on Thursday, April 27th. Principal Group Inc Incorporated Inc invested 0.04% of its portfolio in Patterson-UTI Energy, Inc.

The industry-wide Asset Turnover is 0.51, while that of Patterson-UTI Energy Inc (NASDAQ:PTEN) is now 0.39. (NASDAQ:PTEN). Intrepid Cap holds 5.17% or 608,980 shares in its portfolio. The oil and gas company reported ($0.13) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.04. Howe And Rusling Inc invested in 0% or 70 shares. Patterson-UTI Energy has a one year low of $14.83 and a one year high of $29.76.



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