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 company had a trading volume of 2,781,657 shares. (JBHT) has risen 5.07% since January 13, 2017 and is uptrending.

Ron Gutfleish decreased its stake in Patterson Uti Energy Inc (PTEN) by 7.16% based on its latest 2017Q3 regulatory filing with the SEC. Winch Advisory Services Llc sold 86,812 shares as the company's stock declined 16.81% while stock markets rallied. Intrepid Capital Management Inc who had been investing in Patterson Uti Energy Inc Com for a number of months, seems to be less bullish one the $5.53 billion market cap company. The company with a market cap of $5.30 billion received an interesting score from the analysts. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. The last close places the company's stock about $5.06 off its 52 week high of $29.76 and $9.87 above the 52 week low of $14.83. It has outperformed by 16.21% the S&P500.

Rampart Investment Management Company Llc, which manages about $668.66M and $295.71M US Long portfolio, decreased its stake in Powershares Etf Tr Ii (SPLV) by 75,273 shares to 226,963 shares, valued at $10.39 million in 2017Q3, according to the filing.

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Investors sentiment decreased to 1 in Q3 2017. Its up 0.27, from 1.31 in 2017Q2. It dived, as 65 investors sold JPM shares while 767 reduced holdings. 72 funds opened positions while 272 raised stakes. Glg Prtn Ltd Partnership accumulated 1.25 million shares or 1.38% of the stock. Kbc Group Nv invested in 0.08% or 89,937 shares. Encompass Capital Advsr Lc reported 275,000 shares. Wealth Architects Llc has 8,668 shares. Hollencrest Secs Ltd Liability Corporation owns 7,235 shares or 0.04% of their U.S. portfolio. Pettee has 99,001 shares. Bailard Inc has 0.26% invested in Comcast Corporation (NASDAQ:CMCSA). Sterling Cap Management Ltd Liability Com stated it has 82,108 shares. (NASDAQ:PTEN). Retirement Sys Of Alabama owns 675,199 shares. Lodestar Investment Counsel Lc Il holds 22,266 shares. Eaton Vance Management owns 158,624 shares. Canada Pension Plan Investment Board reported 152,000 shares or 0.01% of all its holdings. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.08. Summit Asset Management Limited Liability Corp holds 2,275 shares. Regis Management Company Ltd Limited Liability Company owns 0.11% invested in Comcast Corporation (NASDAQ:CMCSA) for 19,012 shares. Seven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Therefore 53% are positive. Comcast Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Cowen & Co on Friday, July 24. The firm has "Market Perform" rating given on Friday, March 11 by BMO Capital Markets. The rating was maintained by Howard Weil on Monday, June 20 with "Sector Perform". RBC Capital Markets upgraded it to "Outperform" rating and $7.50 target in Monday, May 16 report. On Monday, October 10 the stock rating was downgraded by Nomura to "Neutral". The firm has "Overweight" rating by Morgan Stanley given on Friday, October 13. As per Wednesday, January 18, the company rating was initiated by SunTrust. The firm earned "Accumulate" rating on Tuesday, July 28 by Global Hunter Securities. Shares of CMCSA have increased 13.84% in the past three monthswhile the S&P 500 has gained 2.1% in that time. Jefferies maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned "Hold" rating by Cowen & Co on Thursday, September 14. During the same quarter in the previous year, the company earned ($0.58) EPS.

In related news, Director Tiffany J. Thom sold 2,574 shares of Patterson-UTI Energy stock in a transaction on Tuesday, January 2nd.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Barrington Research maintained the stock with "Outperform" rating in Friday, November 6 report. The firm has "Buy" rating given on Tuesday, June 6 by Jefferies. As per Friday, May 12, the company rating was downgraded by Deutsche Bank. Piper Jaffray maintained it with "Buy" rating and $22.0 target in Thursday, October 12 report. The stock of Hudbay Minerals Inc. (NYSE:PNC) has "Buy" rating given on Monday, July 17 by Rafferty. The stock increased 2.78% or $1.13 during the last trading session, reaching $41.85. Citigroup upgraded the shares of PTEN in report on Wednesday, August 30 to "Buy" rating. The rating was maintained by Credit Suisse on Wednesday, April 19 with "Neutral". The rating was maintained by Cowen & Co with "Hold" on Wednesday, October 18. It also increased its holding in Thermo Fisher Scientific Inc C (NYSE:TMO) by 3,021 shares in the quarter, for a total of 150,930 shares, and has risen its stake in Analog Devices Inc (NASDAQ:ADI).

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Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.20 as current ratio and on the opponent side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.21. Its down 0.06, from 0.93 in 2017Q2. Gabelli Funds Llc holds 0.04% or 369,500 shares in its portfolio. 118 funds opened positions while 525 raised stakes. (PTEN) worth $128.14 million at the end of the most recent reporting period.

B2Gold Corp. (NYSE:BTG) closed down -0.04 points or -1.34% at $2.94 with 6.37 mln shares exchanging hands. Patterson-UTI Energy, Inc. earnings have declined with an annualized rate of -25% over the last 5 years. (NASDAQ:PTEN) for 95,175 shares. Blackrock holds 0.02% in Patterson-UTI Energy, Inc. Smithfield accumulated 38,980 shares or 0.2% of the stock. Finally, Zacks Investment Research raised shares of Patterson-UTI Energy from a hold rating to a buy rating and set a $23.00 target price for the company in a research report on Wednesday, October 11th.

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