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

April 16, 2018 - By Clifton Ray

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It dropped, as 20 investors sold Patterson-UTI Energy, Inc. shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported.
Manufacturers Life Insurance The holds 0.02% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 607,799 shares. Canada Pension Plan Invest Board reported 0% stake. Royal Bancshares Of Canada holds 0% or 91,855 shares in its portfolio. Dimensional Fund Advisors Ltd Partnership reported 0.08% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Deutsche Bancorp Ag invested in 1.68 million shares or 0.02% of the stock. New Mexico Educational Retirement Board invested 0.05% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Lpl Ltd Liability Company owns 19,679 shares for 0% of their portfolio. Balyasny Asset Mgmt Limited Liability Corporation invested in 0.12% or 1.68M shares. Penn Capital Management Communication Incorporated holds 0.13% or 81,690 shares in its portfolio. 1.39 million are owned by Kahn Brothers Grp Inc Inc De. Us Natl Bank De has 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 32,821 shares. 2.70M were reported by Brenham Capital Mgmt L P. Macquarie Grp, Australia-based fund reported 3.98M shares. Pointstate Limited Partnership reported 1.66M shares. Federated Invsts Pa stated it has 107,959 shares.

Since March 13, 2018, it had 0 insider buys, and 1 sale for $194,600 activity.

Analysts expect Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report $-0.08 EPS on April, 26.They anticipate $0.34 EPS change or 80.95 % from last quarter’s $-0.42 EPS. After having $-0.10 EPS previously, Patterson-UTI Energy, Inc.’s analysts see -20.00 % EPS growth. The stock increased 0.03% or $0.005 during the last trading session, reaching $20.015. About 1.21 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 16, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

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

Among 11 analysts covering Patterson-UTI (NASDAQ:PTEN), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Patterson-UTI had 18 analyst reports since October 18, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 4 by Jefferies. The stock has “Hold” rating by Cowen & Co on Friday, October 27. The firm has “Buy” rating by Citigroup given on Friday, February 9. The firm has “Buy” rating by Jefferies given on Thursday, February 8. Cowen & Co maintained the shares of PTEN in report on Thursday, January 11 with “Hold” rating. The rating was maintained by BMO Capital Markets on Monday, February 12 with “Market Perform”. The rating was maintained by Seaport Global with “Hold” on Monday, February 12. Deutsche Bank maintained the shares of PTEN in report on Friday, February 9 with “Buy” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Neutral” rating by Credit Suisse on Friday, October 27. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by Piper Jaffray on Tuesday, October 31.

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 $4.43 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 has a 690.17 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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