Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"

  • Howard Weil Upgrades Patterson-UTI Energy (PTEN) to

Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"

The Glg Partners Lp holds 1.25 million shares with $26.07 million value, up from 355,132 last quarter.

Analysts await Patterson-UTI Energy, Inc. At the close of regular trading, its last week's stock price volatility was 3.03% which for the month reaches 3.63%. About 4.02 million shares traded or 16.52% up from the average. Winch Advisory Services Llc who had been investing in Patterson for a number of months, seems to be less bullish one the $5.49 billion market cap company. It has outperformed by 16.21% the S&P500. (NASDAQ:PTEN). Key Group Inc (Cayman) Limited invested in 2.93% or 1.29 million shares. Over the past five trading sessions it is 4.57%; 10.81% for the month; 15.91% for the last quarter; 20.9% for the past six-months; and -12.47% for the last 12 months. About 3.07M shares traded. J.B. Hunt Transport Services, Inc. It has outperformed by 19.67% the S&P500.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. 72 funds opened positions while 272 raised stakes. Intrust National Bank & Trust Na holds 2,324 shares or 0.08% of its portfolio.

At the session level, shares of TechnipFMC plc (NYSE:FTI) moved 2.56% from the open. Regis Management Company Ltd Limited Liability Company owns 0.11% invested in Comcast Corporation (NASDAQ:CMCSA) for 19,012 shares. Deutsche Bankshares Ag holds 0.02% or 1.71M shares in its portfolio. At Bancorporation, a Iowa-based fund reported 6,400 shares. Bailard Inc has 0.26% invested in Comcast Corporation (NASDAQ:CMCSA). (NYSE:REIT). National Bank Of Montreal Can reported 639,850 shares. Schwab Charles Inv Management accumulated 771,726 shares or 0.01% of the stock. Raymond James Associate has 119,675 shares. Parkwood Lc reported 97,924 shares or 0.31% of all its holdings. Eaton Vance Management owns 158,624 shares. 13,220 are held by Brookfield Asset.

Several other institutional investors have also sold shares of the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. Therefore 34% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Jefferies given on Monday, July 11. The stock of The PNC Financial Services Group, Inc. During the last 52 weeks, the (NASDAQ:PTEN) price has been as high as $29.76 and as low as $14.83. Keefe Bruyette & Woods downgraded JPMorgan Chase & Co. The firm has "Neutral" rating given on Friday, March 18 by Citigroup. The company was maintained on Thursday, July 13 by Jefferies. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Scotiabank raised Patterson-UTI Energy from a "sector perform" rating to a "sector outperform" rating in a report on Friday. The rating was maintained by Citigroup with "Buy" on Friday, August 14. Corporate insiders own 4.60% of the company's stock. Vanguard Grp Inc reported 17.67 million shares. On Wednesday, January 18 the stock rating was initiated by Suntrust Robinson with "Buy". On Friday, December 8 Parsley E William III sold $6.64 million worth of The PNC Financial Services Group, Inc. Van Wyk Steven C. sold $675,000 worth of stock or 5,000 shares. Patterson-UTI Energy's revenue for the quarter was up 232.3% on a year-over-year basis. equities research analysts forecast that Patterson-UTI Energy, Inc. will post -0.8 earnings per share for the current fiscal year. Therefore 71% are positive. Cubist Systematic Strategies Limited Liability Com has 0.06% invested in Patterson-UTI Energy, Inc. The company was upgraded on Wednesday, January 4 by KeyBanc Capital Markets. As per Monday, October 5, the company rating was maintained by Citigroup. As per Wednesday, June 29, the company rating was upgraded by Simmons & Co. (NASDAQ:PTEN) on Wednesday, January 4 to "Neutral" rating. As per Friday, October 23, the company rating was maintained by Cowen & Co. Piper Jaffray maintained it with "Buy" rating and $22.0 target in Thursday, October 12 report. It also reduced its holding in Nasdaq Inc (NASDAQ:NDAQ) by 83,185 shares in the quarter, leaving it with 783,978 shares, and cut its stake in Atmos Energy Corp (NYSE:ATO). Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report. (NYSE:HBM) on Tuesday, August 2 to "Market Perform" rating. The stock of Patterson-UTI Energy, Inc.

Patterson-UTI Energy (NASDAQ:PTEN) last released its earnings results on Thursday, October 26th.

Investors sentiment decreased to 1.41 in 2017 Q3. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Investors may also want to take a longer-term look at company shares.

FIRST EAGLE INVESTMENT MANAGEMENT, LLC raised its stake in TechnipFMC plc (NYSE:FTI) by 10.95% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. (PTEN) worth $128.14 million at the end of the most recent reporting period. 608,980 are held by Intrepid Cap Management. Gmt has 363,800 shares for 0.74% of their portfolio. Patterson-UTI Energy accounts for 2.6% of Sicart Associates LLC's portfolio, making the stock its 9th largest position. (NASDAQ:PTEN). Viking Fund Mngmt Limited Liability Co invested 0.87% of its portfolio in Patterson-UTI Energy, Inc. Jane Street Ltd Com reported 24,399 shares. Alpha Windward Ltd Co has invested 0.38% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 264,811 shares. 9,644 are held by Dupont Capital Management. Pettyjohn Wood & White owns 63,815 shares or 0.91% of their U.S. portfolio. 3,800 were accumulated by Old Mutual Customised Solutions (Proprietary) Ltd. Teacher Retirement Sys Of Texas accumulated 1.21M shares. Massachusetts Svcs Comm Ma stated it has 720,758 shares or 0.01% of all its holdings. (NASDAQ:PTEN). Point72 Asset L P invested 0.14% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 84,875 shares.