Patterson-UTI Energy, Inc. (PTEN) Receives Average Recommendation of "Buy" from Brokerages

Elm Ridge Management LLC Cut Holding in Patterson Uti Energy INC (PTEN) by $5.45 Million

Targeted Movers: Patterson-UTI Energy, Inc.'s (PTEN), Northern Trust Corporation's (NTRS)

Pointstate Capital Lp acquired 1.08 million shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. (NASDAQ:PTEN), lost -4.85% to $20.99.

Wall Street sell-side research analysts covering Patterson-UTI Energy, Inc. On Wednesday, May 24 the stock rating was downgraded by Credit Suisse to "Neutral". Bank of Nova Scotia purchased a new stake in shares of Patterson-UTI Energy during the first quarter valued at approximately $1,456,000. (NASDAQ:PTEN) for 126,152 shares. For the current year the company's revenue estimates are $2.19 Billion compared to low analyst estimates of $1.49 Billion and high estimates of $2.63 Billion according to 26 number of analysts. The firm has "Neutral" rating given on Wednesday, December 7 by JP Morgan.

The number of shares now held by investors is 212.62 Million. The insider Blackburn Jeffrey M sold $1.99M. Hanna James Kevin sold 10,000 shares worth $125,700. The firm has "Outperform" rating given on Friday, September 4 by BMO Capital Markets. State Of Tennessee Treasury Department owns 153,000 shares. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. DnB Asset Management AS now owns 15,400 shares of the oil and gas company's stock worth $344,000 after buying an additional 5,100 shares in the last quarter. (NYSE:HOS) declined -12.89% to $1.96.

Investors sentiment increased to 0.97 in 2016 Q4. It has a 36-month beta of 0.89, so you might not be in for a bumpy ride.

Recent session action on shares of Sirius XM Holdings Inc. 55 funds opened positions while 78 raised stakes. (NYSE:MORE) - averaging the work of different analysts - reveals a mean PT of $11.19/share. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. Tower Rech Capital Limited Liability Com (Trc) reported 3,855 shares.

Brokerage houses, on average, are recommending investors to hold Kohl's Corporation (KSS)'s shares projecting a $40.52 target price. Suntrust Banks holds 0% or 10,000 shares in its portfolio. Caxton Associates Lp reported 0.12% stake. 265,098 are held by Barnett & Communications Inc. (NASDAQ:PTEN). Marshall Wace Limited Liability Partnership owns 471,744 shares for 0.08% of their portfolio. (NASDAQ:AMZN). Primecap Mngmt Co Ca reported 0.23% stake. For the quarter, shares have been noted at -21.36%. Shares for $427,550 were sold by Zapolsky David on Tuesday, February 21. Brandywine Glob Management Lc stated it has 508,431 shares. ABX's SI was 14.35M shares in May as released by FINRA.

Patterson-Uti Energy (NASDAQ:PTEN)'s revenue estimates for the current quarter are $538.48 Million according to 22 number of analysts, for the current quarter the company has high revenue estimates of $622.3 Million in contradiction of low revenue estimates of $342.3 Million. Therefore 93% are positive. The 52-week range of the share price is from $4.41 - $9.61, while its earnings per share (EPS) was $-1.52. (NASDAQ:PTEN). Schroder Investment Management Grp accumulated 48,281 shares. Stephens maintained the stock with "Underweight" rating in Monday, April 18 report.

In recent action, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 16,000 shares. The rating was downgraded by Citigroup on Friday, March 18 to "Neutral". The top analyst target is $182, and the lowest target is $141 on the stock.

01/04/2017 - Patterson-UTI Energy, Inc. was upgraded to "overweight" by analysts at KeyBanc. A 5 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of Monogram Residential Trust, Inc. The original version of this piece of content can be accessed at (NASDAQ:PTEN) earned "Sector Perform" rating by Howard Weil on Friday, October 28.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its earnings results on Thursday, April 27th.

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