Patterson-UTI Energy, Inc. (PTEN) Analysts See $-0.08 EPS

January 22, 2018 - By Adrian Mccoy

 Patterson UTI Energy, Inc. (PTEN) Analysts See $ 0.08 EPS
Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It dived, 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.
Voya Mgmt reported 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Parametric Associate Lc stated it has 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Sir Cap Mgmt L P reported 3.43% stake. Eaton Vance invested in 0.01% or 158,624 shares. Massachusetts Fincl Ser Ma stated it has 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Western Asset Mgmt Co holds 1,797 shares or 0.02% of its portfolio. Bluecrest Capital Mngmt Ltd reported 282,972 shares. Gemmer Asset Management Llc, a California-based fund reported 353 shares. Shelton Management reported 0.02% stake. Arizona State Retirement owns 0.03% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 120,950 shares. Mason Street Advsr Lc reported 0.05% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). 10,964 were reported by M&T Fincl Bank Corporation. First Pacific Advsr Llc holds 0.29% or 1.80 million shares in its portfolio. 82,108 were accumulated by Sterling Capital Limited Liability. Horizon Kinetics Ltd Liability holds 0.3% or 493,742 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 0.53% or $0.13 during the last trading session, reaching $24.35. About 5.70M shares traded or 69.16% up from the average. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 23, 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 98 analyst reports since July 28, 2015 according to SRatingsIntel. The company was upgraded on Monday, January 11 by Wells Fargo. The stock has “Neutral” rating by Citigroup on Friday, March 18. Piper Jaffray maintained it with “Buy” rating and $22.0 target in Thursday, October 12 report. The firm has “Buy” rating by Jefferies given on Monday, July 11. On Friday, July 7 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Buy” rating by Jefferies given on Thursday, August 31. The rating was maintained by Credit Suisse on Friday, September 22 with “Neutral”. On Monday, March 28 the stock rating was downgraded by Howard Weil to “Sector Perform”. The rating was downgraded by Tudor Pickering to “Hold” on Wednesday, September 9. The firm has “Sector Perform” rating given on Monday, June 20 by Howard Weil.

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 $5.42 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: Moodys.com which released: “Moody’s rates Patterson-UTI’s proposed senior unsecured notes Baa2: outlook stable” on January 05, 2018, also Prnewswire.com published article titled: “Patterson-UTI Energy, Inc. Announces Pricing of $525 Million Offering of 3.95 …”, Prnewswire.com published: “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: Reuters.com and their article: “Five workers missing in explosion at Oklahoma drilling site: sheriff’s office” with publication date: January 22, 2018.

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