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, 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.

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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.

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