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Selected Notes From Analysts On Patterson-UTI Energy, Inc. (PTEN)
15 February 2018, 06:24 | Hattie Nash
Analyst Upgrades – Patterson-UTI Energy (NASDAQ:PTEN) Stock Gets Upgraded By BMO Capital Markets from Market Perform to Buy
The Mesirow Financial Investment Management Us Value Equity holds 1.06 million shares with $22.17M value, up from 734,613 last quarter. Madden Advisory Services Inc. bought a new position in shares of Patterson-UTI Energy during the second quarter valued at approximately $236,000. The average revenue per share growth rate of CBS Corporation during the past 12 months was 19 percent.
Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. It has outperformed by 16.21% the S&P500. Teacher Retirement System Of Texas reported 667,366 shares or 0.21% of all its holdings. The stock is now showing its Return on Assets (ROA) value of -5.7 Percent. The Capital One National Association holds 63,856 shares with $8.66M value, up from 58,104 last quarter. Patterson Energy now has $3.99B valuation. The stock decreased 0.33% or $0.015 during the last trading session, reaching $4.59. The Proshare Advisors Llc holds 53,834 shares with $2.79M value, up from 46,619 last quarter. (NYSE:AIG) has risen 8.59% since February 14, 2017 and is uptrending. It has underperformed by 27.33% the S&P500. Therefore 62% are positive. The company's revenue was up 218.9% on a year-over-year basis. analysts predict that Patterson-UTI Energy will post 0.05 EPS for the current year. PTEN was included in 9 notes of analysts from September 14, 2016. RBC Capital Markets maintained the shares of PTEN in report on Thursday, July 20 with "Buy" rating. Credit Suisse Group lifted their price target on shares of Patterson-UTI Energy from $17.00 to $21.00 and gave the company a neutral rating in a research note on Friday, October 27th. On Friday, February 9 the stock rating was maintained by BMO Capital Markets with "Hold".
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.
In other Patterson-UTI Energy news, Director Tiffany J. Thom sold 2,574 shares of the stock in a transaction that occurred on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Seaport Global Securities now has a "Hold" rating and a $24.00 price target on the stock. As per Wednesday, January 4, the company rating was upgraded by KeyBanc Capital Markets. (NASDAQ:PTEN) earned "Underweight" rating by Stephens on Monday, April 18.
If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it. Its down 0.25, from 1.66 in 2017Q2.
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Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. It fall, as 74 investors sold CSCO shares while 637 reduced holdings. 127 funds opened positions while 298 raised stakes.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTEN. 78 funds opened positions while 211 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Gluskin Sheff And Associates Inc accumulated 38,090 shares or 0.08% of the stock. Paloma Prtnrs Mgmt owns 32,270 shares for 0.03% of their portfolio. Moreover, Heartland Advisors Incorporated has 0.71% invested in Patterson-UTI Energy, Inc. Ls Inv Advsrs Ltd Liability Company, a Michigan-based fund reported 16,535 shares. Heartland Advsr accumulated 526,311 shares. Da Davidson & Communications owns 0.02% invested in Albemarle Corporation (NYSE:ALB) for 6,333 shares. Price T Rowe Assoc Md reported 80,022 shares stake. Vertex One Asset Mngmt stated it has 307,339 shares. Fuller & Thaler Asset Management Inc. now owns 2,722,481 shares of the oil and gas company's stock worth $57,009,000 after purchasing an additional 2,015,336 shares in the last quarter. Howard Weil upgraded shares of Patterson-UTI Energy from a "sector perform" rating to a "sector outperform" rating in a research report on Friday, January 12th. (NASDAQ:PTEN). Public Employees Retirement Association Of Colorado has invested 0.01% in Patterson-UTI Energy, Inc.
The Nasdaq composite climbed 0.5 percent to close at 7,013.51, with shares of Nvidia and Amazon both climbing about 2 percent.
On 10/27/2016 Patterson-UTI Energy announced a quarterly dividend of $0.02 0.34% with an ex dividend date of 12/6/2016 which will be payable on 12/22/2016.
Other equities research analysts also recently issued research reports about the company.
Bank Of Montreal, which manages about $34.23B and $109.19B US Long portfolio, upped its stake in Pembina Pipeline Corp (NYSE:PBA) by 1.40M shares to 13.57M shares, valued at $476.24 million in 2017Q3, according to the filing.
Among 18 analysts covering CME Group (NASDAQ:CME), 10 have Buy rating, 1 Sell and 7 Hold. BMO Capital Markets maintained the shares of PTEN in report on Wednesday, June 21 with "Hold" rating. The stock of CME Group Inc. (NYSE:AIG) on Wednesday, August 9 to "Neutral" rating.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. (NASDAQ:CME) earned "Buy" rating by Deutsche Bank on Friday, July 29. The stock of ConocoPhillips (NYSE:COP) earned "Underweight" rating by JP Morgan on Tuesday, December 15. The firm has "Buy" rating given on Friday, November 3 by RBC Capital Markets.
Kahn Brothers Group Inc decreased Ibm (NYSE:IBM) stake by 3,273 shares to 50 valued at $7.25 million in 2017Q3. WealthTrust Axiom LLC acquired a new position in shares of Patterson-UTI Energy in the fourth quarter valued at approximately $217,000.
Investors sentiment decreased to 1.13 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. About 1.70 million shares traded.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.
Dynamo Internacional Gestao De Recursos Ltda. holds 12.71% of its portfolio in Mercadolibre, Inc. for 348,848 shares. Patterson-UTI Energy had a negative net margin of 23.78% and a negative return on equity of 10.03%. The New York-based Hap Trading Lc has invested 0.03% in Patterson-UTI Energy, Inc. North Carolina-based Carroll Financial Assocs has invested 0% in CME Group Inc. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported.
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The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.