Patterson-UTI Energy (PTEN) Stock Rating Upgraded by Scotiabank

Patterson-UTI Energy (PTEN) Stock Rating Upgraded by Scotiabank

It is up 32.91% since January 13, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Cramer Rosenthal Mcglynn Llc increased its stake in Patterson (PTEN) by 16.77% 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. Elm Ridge Management Llc who had been investing in Patterson Uti Energy Inc for a number of months, seems to be less bullish one the $5.49 billion market cap company.

Analysts expect Patterson-UTI Energy, Inc. The stock increased 0.17% or $0.16 during the last trading session, reaching $92.05.

The company had seen its current volume reaching at 4.01 million shares in the last trade. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 11, 2017 and is uptrending. It has outperformed by 16.21% the S&P500. The oil and gas company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.17) by $0.04.

Investors sentiment decreased to 0.87 in Q3 2017. Current price places the company's stock 9.93% away from its 200-day simple moving average, 7.24%, away from the 50-day average and also 0.32% away from 20-day average. 72 funds opened positions while 272 raised stakes.

Since January 1, 0001, it had 0 insider buys, and 12 selling transactions for $211.64 million activity. Wealth Architects Llc has 8,668 shares. Pettee has 99,001 shares. Guggenheim Capital Ltd Co invested in 149,337 shares. Bailard holds 0.06% or 33,255 shares in its portfolio. 42,404 are held by State Of Wisconsin Inv Board. First Manhattan holds 193,000 shares. It also increased its holding in Ishares Tr (EEM) by 11,603 shares in the quarter, for a total of 46,717 shares, and has risen its stake in Ishares Tr (IVV). Vanguard Grp Inc reported 17.67 million shares. Glovista Invs Ltd Company invested in 0.05% or 10,617 shares. (NASDAQ:PTEN). Voya Management Ltd Limited Liability Company invested in 0.01% or 253,425 shares. 4,050 are owned by Cetera Advisor Ltd. Gamco Invsts Inc Et Al owns 2,880 shares for 0% of their portfolio.

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Among 20 analysts covering Crown Castle International Corp (NYSE:CCI), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. PNC Financial Services had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Wednesday, January 4 by Credit Suisse. As per Tuesday, September 5, the company rating was maintained by BMO Capital Markets. The firm has "Outperform" rating by FBR Capital given on Monday, October 31. As per Thursday, January 4, the company rating was maintained by Susquehanna. The company was downgraded on Tuesday, November 29 by Keefe Bruyette & Woods. (NYSE:HBM) on Tuesday, August 2 to "Market Perform" rating. The rating was downgraded by Citigroup on Monday, July 11 to "Neutral". Alliancebernstein LP has 0.02% invested in Patterson-UTI Energy, Inc.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its quarterly earnings results on Thursday, October 26th. They expect $-0.08 earnings per share, up 84.91% or $0.45 from last year's $-0.53 per share. Patterson-UTI Energy accounts for 2.6% of Sicart Associates LLC's portfolio, making the stock its 9th largest position. Therefore 71% are positive. SunTrust Banks upped their price objective on shares of Patterson-UTI Energy to $31.00 and gave the company a "buy" rating in a research note on Wednesday, December 6th. The rating was maintained by Evercore on Tuesday, June 6 with "Buy". As per Friday, April 29, the company rating was downgraded by Wunderlich. Piper Jaffray maintained Patterson-UTI Energy, Inc. The stock of Comcast Corporation (NASDAQ:CMCSA) earned "Buy" rating by Oppenheimer on Thursday, July 27.

NASDAQ:PTEN) shares were trading higher by 3.74 percent ($0.89) at $24.7 a piece in Thursday's session. The firm earned "Buy" rating on Wednesday, August 30 by Citigroup. On Thursday, October 5 the stock rating was maintained by Citigroup with "Buy". On Wednesday, January 4 the stock rating was upgraded by Credit Suisse to "Neutral". Piper Jaffray maintained the stock with "Buy" rating in Monday, July 10 report. Gabelli upgraded it to "Buy" rating and $26 target in Wednesday, September 14 report.

Investors sentiment decreased to 1.41 in 2017 Q3. Its up 0.02, from 1.01 in 2017Q2. Institutional investors and hedge funds own 97.71% of the company's stock. 30 funds opened positions while 117 raised stakes. 3,800 were accumulated by Old Mutual Customised Solutions (Proprietary) Ltd. Teacher Retirement Sys Of Texas accumulated 1.21M shares. Tokio Marine Asset Management Ltd has 0.17% invested in Patterson-UTI Energy, Inc. Manufacturers Life Insur Co The has invested 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Investec Asset Mgmt Limited has 500,796 shares. Castleark Management Ltd Liability Corporation reported 0.28% in Patterson-UTI Energy, Inc. Prelude Mngmt Limited Liability Com holds 95,827 shares. Schwartz Invest Counsel accumulated 14,300 shares. Acadian Asset Ltd Liability invested in 8,758 shares. Magnetar Fincl Ltd Limited Liability Company reported 179,500 shares. Royal Retail Bank Of Canada owns 0% invested in Patterson-UTI Energy, Inc. The number of shares now owned by investors are 221.79 mln. Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. Atlas Browninc stated it has 77,233 shares.

More notable recent Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Bessemer Group reported 0% in Patterson-UTI Energy, Inc.

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