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Patterson-UTI Energy Inc. (PTEN) — Trending Stock Analysis

Patterson-UTI Energy Inc. (PTEN) — Trending Stock Analysis

It has a 593.33 P/E ratio. The companyÂ's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services. Analysts at Cowen have not made any change to their Market Perform rating on Patterson-UTI Energy, Inc. when they released a research note on February 9th, 2018, but they now have set a price target of $23, which is a decrease from the previous $30. Patterson Uti Energy Inc now has $3.92B valuation. The Proshare Advisors Llc holds 53,834 shares with $2.79M value, up from 46,619 last quarter.

M.D.C. Holdings, Inc. (MDC) stock moved with shift of 0.10% in the past week. The stock increased 0.73% or $0.13 during the last trading session, reaching $17.93. About 1.70 million shares traded. The Relative Volume value measured for Patterson-UTI Energy Inc. stands at 1.55. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 1.41 in Q3 2017. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. It fall, as 40 investors sold PTEN shares while 64 reduced holdings. State Street Corp raised its stake in shares of Patterson-UTI Energy by 9.3% in the second quarter. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Over the last 12 months, BIOA's free cash flow per share is a negative -0.09. Zurcher Kantonalbank (Zurich Cantonalbank) holds 7,448 shares or 0% of its portfolio.

In other Patterson-UTI Energy news, Director Tiffany J. Thom sold 2,574 shares of the stock in a transaction that occurred on Tuesday, January 2nd. (NASDAQ:PTEN). Moreover, Penn Capital Mngmt Incorporated has 0.09% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 220,000 shares.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.09 per share, according to consensus of 28 analysts. The institutional investor bought 343,271 shares of the oil and gas company's stock, valued at approximately $7,899,000. (NASDAQ:PTEN) for 100,734 shares. (NASDAQ:PTEN). Teton Advisors invested in 0.16% or 82,646 shares. Citigroup owns 629,714 shares or 0.01% of their U.S. portfolio. Fuller & Thaler Asset Management Inc. now owns 2,722,481 shares of the oil and gas company's stock worth $57,009,000 after purchasing an additional 2,015,336 shares in the last quarter. M&T Commercial Bank reported 0% stake. (NASDAQ:PTEN). Hsbc Public Ltd Com stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Sg Americas Secs Ltd Liability Co reported 31,689 shares.

Capital One National Association decreased Ishares Tr (IWN) stake by 12,169 shares to 80,251 valued at $9.96 million in 2017Q3. Wells Fargo Co New (NYSE:WFC) was reduced too. Eqis Capital Management Inc. increased its holdings in shares of Patterson-UTI Energy by 12.4% in the fourth quarter. Therefore 62% are positive. Patterson-UTI Energy, Inc.is a part of Basic Materials sector and belongs to Oil & Gas Drilling & Exploration industry. Patterson-UTI Energy's revenue for the quarter was up 218.9% compared to the same quarter past year. (NASDAQ PTEN) traded up $0.50 during trading on Thursday, hitting $18.30. The company was upgraded on Wednesday, January 4 by Credit Suisse.




Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. Cowen set a $24.00 price target on Patterson-UTI Energy and gave the company a "hold" rating in a research note on Wednesday, October 18th. As per Wednesday, December 7, the company rating was upgraded by JP Morgan. The rating was maintained by UBS with "Neutral" on Tuesday, September 19. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/15/patterson-uti-energy-pten-upgraded-to-buy-at-bmo-capital-markets.html. On Friday, February 9 the stock rating was maintained by BMO Capital Markets with "Hold".

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.05, and a price to sales ratio of 2.26. On Tuesday, September 5 the stock rating was maintained by Piper Jaffray with "Buy". The rating was downgraded by Seaport Global to "Neutral" on Wednesday, June 21. Viking Fund Mngmt Limited Liability holds 260,000 shares or 0.87% of its portfolio. Beacon Fincl Gp, a Texas-based fund reported 173,578 shares. 5,595,600 shares of the company traded hands, compared to its average volume of 4,138,691. The Washington-based Zevenbergen Capital Investments Llc has invested 4.44% in the stock. Goldman Sachs and 3M were the biggest contributor of gains to the 30-stock index, both rising 0.9 percent. (NYSEAMERICAN:NRO) has risen 1.57% since February 14, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

Analysts expect Aerojet Rocketdyne Holdings, Inc.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 26. Peddock Limited Liability Company reported 0.08% stake. Its revenue totaled $613.57 million up 1.46% from the previous quarter.

Ratings analysis reveals 50% of MercadoLibre's analysts are positive.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.