Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"

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The company has volume of 4.01 Million shares.

Patterson-UTI Energy Inc. (PTEN) in the last quarter reported its actual EPS of $-0.13/share where the analyst estimated EPS was $-0.18/share. Elm Ridge Management Llc sold 37,954 shares as the company's stock declined 16.81% while stock markets rallied. The hedge fund run by Thomas Steyer held 1.74M shares of the television services company at the end of 2017Q3, valued at $67.02M, down from 3.35 million at the end of the previous reported quarter. Patterson-UTI Energy has a twelve month low of $14.83 and a twelve month high of $29.76. The last close places the company's stock about $5.06 off its 52 week high of $29.76 and $9.87 above the 52 week low of $14.83. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 12, 2017 and is uptrending. (NASDAQ:PTEN) has gone weaker by -12.47%. (NASDAQ:PTEN). Voya Management Limited accumulated 0.01% or 253,425 shares. Freeport (NYSE:FCX) was reduced too.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.25, from 1.66 in 2017Q2. It fall, as 40 investors sold PTEN shares while 64 reduced holdings.

FIRST EAGLE INVESTMENT MANAGEMENT, LLC raised its stake in TechnipFMC plc (NYSE:FTI) by 10.95% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Atlanta Capital Management Co L L C, a Georgia-based fund reported 3.55 million shares. Savings Bank Of New York Mellon Corporation accumulated 4.39 million shares. The firm owned $8.88 million shares of the company's stock after selling 251350 shares during the period. Geode Cap Limited Com invested in 0.24% or 4.73M shares. (NASDAQ:PTEN) were released by: Prnewswire.com and their article: "Stock Review for Oil & Gas Investors - Patterson-UTI Energy, Diamond Offshore ..." published on December 15, 2017 as well as Moodys.com's news article titled: "Moody's rates Patterson-UTI's proposed senior unsecured notes Baa2: outlook stable" with publication date: January 05, 2018. (NASDAQ:PTEN) for 97,890 shares. Mesirow Financial Inv Management stated it has 1.46% of its portfolio in Patterson-UTI Energy, Inc. Investec Asset Mgmt North America holds 0.54% or 82,793 shares in its portfolio.

Over the past three months, Patterson-UTI Energy, Inc. insiders have been net buyers, dumping a net of -27,714 shares. (NASDAQ:PTEN) for 66,280 shares. Tygh Capital Mngmt invested in 89,002 shares or 0.37% of the stock. Patterson-UTI Energy has an average rating of "Buy" and a consensus target price of $27.40. (NASDAQ:PTEN) to report earnings on February, 8. The oil and gas company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.04. During the same quarter in the previous year, the firm posted ($0.58) EPS. analysts forecast that Patterson-UTI Energy will post -0.8 earnings per share for the current fiscal year. The other 21, though not evenly; between analysts who think you should buy Patterson-UTI Energy, Inc. versus those who think you should sell it. Therefore 71% are positive. KeyCorp raised shares of Patterson-UTI Energy from a "sector weight" rating to an "overweight" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 4th.

Patterson-UTI Energy, Inc is an oilfield services company. (NASDAQ:PTEN) on Wednesday, January 4 to "Neutral" rating. As per Tuesday, September 5, the company rating was maintained by BMO Capital Markets. The stock of Hudbay Minerals Inc. (NASDAQ:PTEN) has "Market Perform" rating given on Thursday, January 19 by Cowen & Co.

Vascular Biogenics Ltd.is maintained at an average outperform rating by 4 stock analysts, and there are at least 3.21% of shares outstanding that are now legally short sold. The stock has "Buy" rating by SunTrust on Wednesday, October 18. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Lazard Asset Management LLC acquired a new position in Patterson-UTI Energy during the third quarter worth $154,000. Commonwealth Equity Svcs has invested 0% in Patterson-UTI Energy, Inc. Cowen & Co has "Outperform" rating and $23 target.

Analysts await J.B. Hunt Transport Services, Inc. The analyst recommendations from a month ago are 16 Buy, 1 Overweight, 0 Sell, 0 Hold and 0 Underweight. Therefore 83% are positive. Capstone Investment Advisors Ltd Liability Company invested 0.02% of its portfolio in Patterson-UTI Energy, Inc. The firm earned "Buy" rating on Friday, July 28 by Jefferies. The firm has "Outperform" rating by FBR Capital given on Monday, October 31. RBC Capital Markets upgraded it to "Outperform" rating and $7.50 target in Monday, May 16 report. The rating was maintained by Deutsche Bank with "Buy" on Friday, November 17. The rating was maintained by Needham with "Hold" on Monday, September 25. The stock of Comcast Corporation (NASDAQ:CMCSA) has "Buy" rating given on Thursday, July 23 by Pivotal Research. Citigroup maintained the stock with "Neutral" rating in Wednesday, July 13 report. On Monday, February 22 the stock rating was downgraded by Portales Partners to "Underperform". The firm has "Buy" rating given on Monday, August 21 by Needham. The rating was maintained by Jefferies on Tuesday, June 6 with "Buy".

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