EPS for Patterson-UTI Energy, Inc. (PTEN) Expected At $

Lloyd Doyle
October 13, 2017

One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the company. Its up 0.27, from 1.39 in 2017Q1. Equities research analysts predict that Patterson-UTI Energy, Inc. will post ($1.05) EPS for the current fiscal year. Jefferies Group LLC set a $26.00 target price on Patterson-UTI Energy and gave the stock a "buy" rating in a research report on Thursday, October 5th. SunTrust initiated Patterson-UTI Energy, Inc. Societe Generale began coverage of PTEN giving it an initial rating of "Buy".

Brenham Capital Management L.P. holds 10.66% of its portfolio in Patterson-UTI Energy, Inc. for 2.90 million shares. Additionally Patterson-UTI Energy, Inc. recently announced a dividend which was paid on Thursday June 22nd, 2017. Winfield Associates Incorporated holds 0% of its portfolio in Patterson-UTI Energy, Inc. About 3.97M shares traded. PNC Financial Services Group Inc. now owns 10,392 shares of the oil and gas company's stock worth $210,000 after acquiring an additional 1,089 shares in the last quarter.

Patterson-UTI Energy, Inc. has a consensus outperform rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 7.92% of shares outstanding.

Shares of Patterson-UTI Energy, Inc. BlackRock Inc. now owns 16,122,084 shares of the oil and gas company's stock valued at $325,506,000 after purchasing an additional 1,660,164 shares during the last quarter. The correct version of this story can be read at https://www.truebluetribune.com/2017/10/13/patterson-uti-energy-inc-pten-holdings-raised-by-voya-investment-management-llc.html.

A number of other hedge funds have also recently modified their holdings of the company. Finally, BidaskClub downgraded shares of Patterson-UTI Energy from a "sell" rating to a "strong sell" rating in a research report on Tuesday, August 8th. 3,974,366 shares of the company traded hands. InspireMD, Inc. tumbled -89.73% from its high of $4.39 to a $3.47 million market value through last close.

The equity stands -5.85% away from the 52-week high and 26.12% from the 52-week low.

Patterson Uti Energy Inc (NASDAQ:PTEN) institutional sentiment increased to 1.66 in Q2 2017. They expect $-0.18 EPS, up 68.97 % or $0.40 from last year's $-0.58 per share. The business had revenue of $305.20 million for the quarter, compared to analyst estimates of $294.82 million. Patterson-UTI Energy's dividend payout ratio (DPR) is -4.06%. The company's revenue for the quarter was up 198.5% compared to the same quarter past year. State Street Corp now owns 4,984,030 shares of the oil and gas company's stock valued at $100,628,000 after purchasing an additional 423,443 shares during the last quarter. Guggenheim raised Patterson-UTI Energy from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Tuesday, February 14th. Investors of record on Thursday, June 8th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. JPMorgan Chase & Co. raised its position in Patterson-UTI Energy by 39.4% in the second quarter.

According to Zacks, "Patterson-UTI Energy is one of the largest North American land drilling contractor, having a large, high-quality fleet of drilling rigs".

The consensus analysts recommendation at this point stands at 1.80 for BHP Billiton Limited. If you are accessing this story on another website, it was illegally stolen and republished in violation of U.S. & global copyright and trademark law. Out of 31 Wall Street analysts rating Patterson-UTI Energy Inc, 21 give it "Buy", 1 "Sell" rating, while 9 recommend "Hold".

Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "I would like to welcome the employees of MS Energy to Patterson-UTI Energy". About Patterson-UTIPatterson-UTI is a market leading provider of contract drilling, pressure pumping and directional drilling services to oil and natural gas operators in the United States and western Canada. The Company's segments include Contract Drilling, Pressure Pumping and Other operations.

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