$-0.08 EPS Expected for Patterson-UTI Energy, Inc. (PTEN)

January 16, 2018 - By Ellis Scott

 $ 0.08 EPS Expected for Patterson UTI Energy, Inc. (PTEN)
Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It fall, as 40 investors sold Patterson-UTI Energy, Inc. shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported.
New Generation Advisors Ltd Liability owns 258,458 shares. Comerica State Bank holds 194,306 shares. New York Life Investment Lc has invested 1.78% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Tower Rech Capital Limited Liability (Trc) reported 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Old Mutual Customised Solutions (Proprietary) accumulated 0.01% or 3,800 shares. 4.07 million were reported by Jennison Associate Limited Co. California State Teachers Retirement Sys has 356,094 shares. State Of Tennessee Treasury Department reported 0.01% stake. Strategic Llc owns 24,189 shares. Louisiana State Employees Retirement reported 57,000 shares or 0.06% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). State Common Retirement Fund accumulated 1.18M shares. Panagora Asset Mngmt stated it has 64,850 shares or 0.01% of all its holdings. Grp Incorporated One Trading Ltd Partnership holds 0% or 5,309 shares in its portfolio. Virginia Retirement System Et Al owns 159,614 shares.

Analysts expect Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report $-0.08 EPS on February, 8.They anticipate $0.45 EPS change or 84.91 % from last quarter’s $-0.53 EPS. After having $-0.16 EPS previously, Patterson-UTI Energy, Inc.’s analysts see -50.00 % EPS growth. The stock decreased 0.73% or $0.1799 during the last trading session, reaching $24.5201. About 1.93M shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 16, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Ratings Coverage

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Patterson-UTI Energy Inc had 97 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Friday, April 29 by Wunderlich. The firm earned “Buy” rating on Friday, December 11 by Citigroup. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by Jefferies on Thursday, July 13. As per Friday, July 28, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, October 5 by Jefferies. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Sector Perform” rating given on Friday, October 28 by Howard Weil. The rating was downgraded by Cowen & Co on Thursday, January 19 to “Market Perform”. The firm earned “Hold” rating on Thursday, September 14 by Cowen & Co. The rating was downgraded by JP Morgan to “Underweight” on Friday, April 15. The firm has “Neutral” rating by Macquarie Research given on Friday, January 8.

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has market cap of $5.45 billion. The company??s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. It currently has negative earnings. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

More important recent Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news were published by: Prnewswire.com which released: “Patterson-UTI Energy, Inc. Announces Pricing of $525 Million Offering of 3.95 …” on January 10, 2018, also Moodys.com published article titled: “Moody’s rates Patterson-UTI’s proposed senior unsecured notes Baa2: outlook stable”, Reuters.com published: “BRIEF-Patterson-Uti Energy Inc Announces Proposed Private Debt Offering” on January 05, 2018. More interesting news about Patterson-UTI Energy, Inc. (NASDAQ:PTEN) was released by: Prnewswire.com and their article: “Patterson-UTI Energy, Inc. Announces Proposed Private Debt Offering” with publication date: January 05, 2018.

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