Friday, 25 May, 2018

Is this stock Risky for You?: Patterson-UTI Energy, Inc. (PTEN)

Laurie Berry | 10 February, 2018, 06:47

Its most recent closing price has a distance of 1.30% from SMA20 and is 9.88% above than SMA200. They are also projecting the Low EPS estimate of $-0.14 and the High EPS estimate of $0.03. Schwab Charles Investment Management Inc. boosted its stake in Patterson-UTI Energy by 26.7% during the third quarter.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its earnings results on Thursday, February 8th. Analysts are turning out to be more optimistic than before, with 20 of analysts who cover Patterson-UTI Energy, Inc. This showed a surprise of -25% in the last quarter earnings. ValuEngine cut Patterson-UTI Energy from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd. Citigroup upgraded Patterson-UTI Energy, Inc. The institutional investor held 995,265 shares of the consumer services company at the end of 2017Q3, valued at $51.34 million, down from 1.03 million at the end of the previous reported quarter. The Return on Equity ratio of Patterson-UTI Energy Inc.

18 analysts on average are expecting the company to report revenue of $794.07 Million for the current quarter.

PTEN's average Beneish M-Score: 0.07 during the last 7 years. The firm's quarterly revenue was up 218.9% on a year-over-year basis. (NASDAQ:PTEN) higher to the next line of resistance at $23.77 a share. Cowen reissued a "market perform" rating and issued a $20.00 target price (down previously from $24.00) on shares of Patterson-UTI Energy in a research report on Friday, October 27th. Patterson-UTI Energy's fundamental scores give PTEN a place in the top quartile of the industry group. See Patterson-UTI Energy, Inc. Out of 7 Wall Street analysts rating ServiceNow, 3 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". A stock is considered to be oversold if the RSI reading falls below 30. Focusing on the 50-day moving average vs price signal, the reading is seen at Sell. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. JP Morgan maintained the stock with "Underweight" rating in Friday, December 4 report.

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Investors may be setting their sights on shares of NRG Yield Inc (NYLD). In terms of recent stock price activity, shares have managed to hit a high of 12.92 while seeing a low of 12.68. Alyeska Investment Group L.P. acquired a new stake in Patterson-UTI Energy in the third quarter valued at approximately $67,664,000. Valley Advisers Incorporated owns 0.03% invested in Rogers Communications Inc. (NASDAQ:PTEN). Liberty Mutual Grp Asset Management Inc reported 43,248 shares stake. At one point in the past year, the shares traded as low as $4.63 but has recovered 14.69% since then. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.23. Norman Fields Gottscho Capital Management Llc bought 4,776 shares as the company's stock rose 8.03% with the market.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a $0.02 dividend. Encompass Advisors Ltd Company invested 0.94% of its portfolio in Patterson-UTI Energy, Inc. Advsrs Asset Mngmt has invested 0.02% in Patterson-UTI Energy, Inc. "DE's 10th Largest Position" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/09/patterson-uti-energy-inc-pten-expected-to-post-earnings-of-0-08-per-share.html. For Patterson-UTI Energy, Inc. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs. 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.

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.

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