Patterson-UTI Energy, Inc. (PTEN) Hits New 12-Month Low at $16.76


The Company's divisions include Merchant Services and Financial Institution Services. The stock declined 4.24% or $0.7 reaching $15.94 on the news. The company had a trading volume of 5,615,873 shares. Vantiv Inc (VNTV) has risen 14.83% since August 15, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.The move comes after 6 months negative chart setup for the $1.12B company. Louisiana State Employees Retirement System now owns 42,000 shares of the oil and gas company's stock worth $1,019,000 after buying an additional 5,400 shares in the last quarter. During the same quarter in the previous year, the business earned ($0.58) earnings per share. The firm's market capitalization is $3.29 billion. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.

Shares of Patterson-UTI Energy, Inc. It has outperformed by 16.21% the S&P500. Piper Jaffray maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news were published by: which released: " featured highlights: Verisign, Cubic, Patterson-UTI Energy and ..." on July 24, 2017, also with their article: "Patterson-UTI (PTEN) Q2 Loss Lower than Expected, Sales Top" published on July 31, 2017, published: "Patterson-UTI Reports Drilling Activity for July 2017" on August 04, 2017. Patterson-UTI Energy had a negative return on equity of 10.03% and a negative net margin of 23.78%. (NASDAQ:PTEN). Discovery Cap Management Ltd Co Ct owns 0.58% invested in Patterson-UTI Energy, Inc.

Fuller & Thaler Asset Management Inc, which manages about $2.14 billion and $6.63 billion US Long portfolio, upped its stake in Sotheby's Holdings (NYSE:BID) by 27,187 shares to 710,819 shares, valued at $28.33 million in 2016Q4, according to the filing. LS Investment Advisors LLC increased its position in shares of Patterson-UTI Energy by 7.5% in the first quarter.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.01, from 0.96 in 2016Q3.

A number of institutional investors have recently bought and sold shares of PTEN. 55 funds opened positions while 78 raised stakes. The investment professionals in our partner's database now hold: 157.71 million shares, down from 161.95 million shares in 2016Q3. Bluecrest Capital Limited has 181,094 shares. Hsbc Public Ltd Company stated it has 17,239 shares or 0% of all its holdings. Rhumbline Advisers reported 284,945 shares stake. Falcon Point Cap Ltd Liability Corporation reported 7,844 shares. Cowen & Co downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Friday, December 16 to "Neutral" rating.

Patterson-UTI Energy, Inc. has a consensus outperform rating from 27 Wall Street analysts, and the number of shares now sold short amount to at least 6.72% of shares outstanding. (NASDAQ:PTEN) or 33,375 shares. Retirement Of Alabama reported 0.08% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 72,630 shares. Tudor Pickering assumed coverage on Patterson-UTI Energy in a research note on Thursday, March 23rd. (NASDAQ:PTEN) or 143,084 shares. Dupont Corporation holds 22,802 shares. Sumitomo Mitsui Trust invested in 0% or 13,400 shares. Sir Capital Management L.P., a New York-based fund reported 480,983 shares.

Ratings analysis reveals 44% of Patterson-UTI's analysts are positive. (NASDAQ:PTEN). State Of Tennessee Treasury Department holds 153,000 shares or 0.02% of its portfolio. Finally, Royal Bank Of Canada set a $35.00 price target on Patterson-UTI Energy and gave the stock a "buy" rating in a research report on Saturday, June 24th. Therefore 57% are positive. Patterson-UTI Energy's dividend payout ratio is now -4.06%. The stock has "Buy" rating by Suntrust Robinson on Wednesday, January 18. As it is, the ongoing weakness in commodity prices - despite the OPEC-driven recovery - has curtailed energy drilling and equipment demand thereby affecting Patterson-UTI's revenues, earnings and cash flow. Citigroup initiated the shares of LNC in report on Thursday, January 26 with "Buy" rating. The stock of Patterson-UTI Energy, Inc. The rating was maintained by Jefferies on Thursday, July 13 with "Buy". The stock has "Accumulate" rating by Global Hunter Securities on Tuesday, July 28. (NASDAQ:PTEN) declined 2.34% in morning trade Tuesday.

More notable recent Novo Nordisk A S (ADR) (NYSE:NVO) news were published by: which released: "Novo Nordisk A/S ADR" on February 11, 2011, also with their article: "Novo Nordisk to ax 1000 jobs as competition grows" published on September 29, 2016, published: "Why Novo Nordisk A/S (ADR) Jumped 10.6% In May" on June 10, 2017. The total value of its holdings increased 169.0%.

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