Economy

Patterson-UTI Energy (PTEN) Earning Somewhat Positive Media Coverage, Accern Reports

Patterson-UTI Energy (PTEN) Earning Somewhat Positive Media Coverage, Accern Reports

Jennison Ltd owns 0.09% invested in Patterson-UTI Energy, Inc. Jag Capital Management Llc who had been investing in Alaska Air Group for a number of months, seems to be bullish on the $9.07 billion market cap company. The NASDAQ-listed company saw a recent bid of $24.30 on volume of 2.44 million shares.

Public Employees Retirement System of OH lessened its stake in Patterson-UTI Energy, Inc. It has outperformed by 16.21% the S&P500.The move comes after 8 months negative chart setup for the $5.23B company.

Irving Kahn increased its stake in Patterson Energy (PTEN) by 39.44% based on its latest 2017Q3 regulatory filing with the SEC. Legal & General Group Plc bought 37,166 shares as the company's stock declined 16.81% while stock markets rallied. The stock increased 0.37% or $0.08 during the last trading session, reaching $20.71. Wellington Llp owns 9.33 million shares. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 10, 2017 and is uptrending. It has underperformed by 3.46% the S&P500. Mraz Amerine Inc invested in 33,900 shares or 0.22% of the stock. (NASDAQ:OVAS) by 1.20% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Jefferies Group also issued estimates for Patterson-UTI Energy's Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.07 EPS, FY2018 earnings at $0.15 EPS, FY2019 earnings at $1.40 EPS and FY2020 earnings at $2.60 EPS. Its up 0.19, from 1.15 in 2017Q2. Gluskin Sheff & Assoc Inc. boosted its holdings in shares of Patterson-UTI Energy by 7.1% in the 2nd quarter. BlackRock Fund Advisors raised its position in Patterson-UTI Energy by 3.7% in the third quarter. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. The Makaira Partners Llc holds 2.31M shares with $76.63 million value, up from 2.02 million last quarter. Fmr Ltd, Massachusetts-based fund reported 9.90 million shares.

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Makaira Partners Llc increased Commscope Hldg Co Inc (COMM) stake by 14.1% reported in 2017Q3 SEC filing.

Hl Financial Services Llc, which manages about $5.17B US Long portfolio, upped its stake in First Tr Dorsey Etf (IFV) by 16,662 shares to 195,418 shares, valued at $4.18 million in 2017Q3, according to the filing. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). State Of New Jersey Common Pension Fund D invested in 0.01% or 121,000 shares. Cubist Systematic Strategies Ltd Liability Co has invested 0.06% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Alphaone Investment Svcs Ltd Liability Corporation invested in 2,525 shares or 0.01% of the stock. 21,000 were accumulated by Vaughan Nelson Invest Lp. Deutsche Bank started coverage on shares of Patterson-UTI Energy in a research note on Tuesday, October 10th. (NASDAQ:PTEN) for 7,448 shares. Zacks Investment Research raised shares of Patterson-UTI Energy from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research note on Wednesday, October 11th. Therefore 68% are positive. Cowen and Company lowered Patterson-UTI Energy from an "outperform" rating to a "market perform" rating and set a $26.00 price target on the stock.in a research note on Thursday, January 19th. The firm earned "Buy" rating on Thursday, October 5 by Citigroup. The firm has "Hold" rating by BMO Capital Markets given on Tuesday, September 5. The last close places the company's stock about $5.46 off its 52 week high of $29.76 and $9.47 above the 52 week low of $14.83. Goldman Sachs upgraded CommScope Holding Company, Inc.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has "Buy" rating given on Thursday, July 13 by Jefferies. Morgan Stanley maintained the stock with "Overweight" rating in Tuesday, April 19 report. Cowen & Co maintained Patterson-UTI Energy, Inc. Patterson-UTI Energy had a negative return on equity of 12.24% and a negative net margin of 29.69%. (NASDAQ:ROKU) are -8.32%; 7.25% for the month; 104.61% for the last quarter; 0% for the past six-months; and 0% for the last 12 months. They expect $-0.08 earnings per share, up 84.91% or $0.45 from last year's $-0.53 per share. World Asset Management Inc boosted its holdings in shares of Patterson-UTI Energy by 22.5% in the 3rd quarter. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the stock. Therefore 58% are positive. Sabre Corporation had 23 analyst reports since July 21, 2015 according to SRatingsIntel. (NASDAQ:PTEN) earned "Buy" rating by RBC Capital Markets on Friday, November 3. The rating was downgraded by KeyBanc Capital Markets to "Sector Weight" on Wednesday, October 25. The rating was maintained by BMO Capital Markets on Friday, September 4 with "Outperform". On Friday, January 8 the stock rating was initiated by Macquarie Research with "Neutral". The company was maintained on Wednesday, March 9 by Susquehanna. As per Monday, June 20, the company rating was maintained by Howard Weil.


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