The Deutsche Bank AG Begins Coverage on Patterson-UTI Energy, Inc. (PTEN)

Analyst Upgrades – Patterson-UTI Energy (NASDAQ:PTEN) Stock Gets Upgraded By BMO Capital Markets from Market Perform to Buy

Analysts Recommended this Stock: Patterson-UTI Energy Inc. (PTEN)

The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.08) by ($0.02). For this relative risk measurement, PTEN has beta value of 1.23. About 3.01 million shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since February 13, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Robert Rodriguez increased its stake in Patterson (PTEN) by 2.55% based on its latest 2017Q3 regulatory filing with the SEC. Hedge funds and other institutional investors own 97.79% of the company's stock. The corporation has a market cap of US$426.69 Million.

Marvell Technology Group Ltd. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 7.57% of shares outstanding. About 2.60 million shares traded.

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BMO Capital Markets upgraded shares of Patterson-UTI Energy (NASDAQ:PTEN) from a market perform rating to a buy rating in a research report sent to investors on Wednesday. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 0.63 in Q3 2017. Its up 0.15, from 0.64 in 2017Q2.

Kahn Brothers Group Inc decreased Hologic (NASDAQ:HOLX) stake by 67,649 shares to 731,816 valued at $26.85B in 2017Q3. 56 funds opened positions while 220 raised stakes. Meeder Asset Management stated it has 0.04% in ConocoPhillips (NYSE:COP). Lord Abbett Limited Liability Co invested 0.1% of its portfolio in American International Group, Inc. Hbk Sorce Advisory owns 8,648 shares. Mastrapasqua Asset Mngmt holds 48,253 shares. Hanson & Doremus Inv Management accumulated 17,878 shares. 265.89 million shares or 1.13% less from 268.92 million shares in 2017Q2 were reported. Stratos Wealth Limited, Ohio-based fund reported 31,894 shares. Bankshares Of Montreal Can owns 254,555 shares or 0% of their United States portfolio. First Midwest Bankshares Trust Division owns 23,585 shares.

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On 6/12/2014 Kenneth N Berns, SVP, sold 85,000 with an average share price of $33.62 per share and the total transaction amounting to $2,857,700.00. Estabrook Mgmt holds 500 shares or 0% of its portfolio. M&T Commercial Bank reported 0% stake. The Mesirow Financial Investment Management Us Value Equity holds 1.06 million shares with $22.17M value, up from 734,613 last quarter. PNC Financial Services Group Inc. now owns 10,392 shares of the oil and gas company's stock worth $210,000 after purchasing an additional 1,089 shares in the last quarter. Seaport Global Securities now has a "Hold" rating and a $24.00 price target on the stock. Therefore 68% are positive. The firm has "Overweight" rating given on Tuesday, April 19 by Morgan Stanley. (NASDAQ:CME) earned "Buy" rating by Deutsche Bank on Friday, July 29. The company was upgraded on Tuesday, February 14 by Guggenheim. Firm's net income measured an average growth rate of 48.40%. As per Tuesday, January 30, the company rating was upgraded by UBS. (NASDAQ:PTEN). Sg Americas Secs Ltd Liability Co reported 31,689 shares. On Wednesday, August 2 the stock rating was maintained by RBC Capital Markets with "Hold".

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. It turned negative, as 40 investors sold PTEN shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Scout invested in 0.2% or 350,550 shares. Legal & General Group Incorporated Public Ltd Com owns 271,342 shares or 0% of their USA portfolio. Kahn Brothers Group Inc acquired 363,985 shares as Patterson Energy (PTEN)'s stock declined 16.81%. (NASDAQ:PTEN) or 158,624 shares. The correct version of this story can be viewed at https://weekherald.com/2018/02/15/patterson-uti-energy-inc-pten-expected-to-post-q1-2018-earnings-of-0-07-per-share.html.

On 2/8/2018 Patterson-UTI Energy announced a quarterly dividend of $0.02 0.000916170407695832% with an ex dividend date of 3/7/2018 which will be payable on 3/22/2018. It also reduced Trinity Place Holdings (TPHS) stake by 80,921 shares and now owns 968,129 shares. RBC Capital Markets maintained Patterson-UTI Energy, Inc. Perritt Management has invested 0.09% in General Mills, Inc. Pointstate Capital Limited Partnership owns 0.43% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Alyeska Gp LP stated it has 3.23 million shares or 0.55% of all its holdings. Kanawha Cap Mngmt Ltd Liability Co invested 0.08% of its portfolio in Albemarle Corporation (NYSE:ALB).

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Patterson-UTI Energy Inc (NASDAQ: PTEN) has grabbed attention from the analysts when it experienced a change of -1.93% in the last trading session to close at $17.80. Therefore 62% are positive. The rating was downgraded by Tudor Pickering to "Hold" on Wednesday, September 9. Cowen set a $24.00 price objective on shares of Patterson-UTI Energy and gave the company a "hold" rating in a research report on Wednesday, October 18th. The firm has "Hold" rating by Credit Suisse given on Thursday, December 21. On Monday, February 12 the stock rating was maintained by Seaport Global with "Hold". Patterson-UTI Energy's revenue for the quarter was up 218.9% compared to the same quarter a year ago. (NASDAQ:CME) earned "Neutral" rating by JP Morgan on Monday, November 14. (NASDAQ:PTEN) has "Buy" rating given on Thursday, October 5 by Jefferies.

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