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 stock traded with the volume of 4.47 Million shares yesterday. The Encompass Capital Advisors Llc holds 275,000 shares with $5.76 million value, down from 678,712 last quarter. Comerica Bank increased its stake in Patterson-UTI Energy by 1.0% in the second quarter. It has outperformed by 16.21% the S&P500.
Among 32 analysts covering PNC Financial Services (NYSE:PNC), 11 have Buy rating, 1 Sell and 20 Hold. IberiaBank had 46 analyst reports since August 25, 2015 according to SRatingsIntel. (NASDAQ:PTEN) on Wednesday, April 5 to "Buy" rating. The firm has "Market Perform" rating given on Monday, October 2 by BMO Capital Markets. RBC Capital Markets maintained it with "Buy" rating and $29.0 target in Monday, October 2 report. The firm earned "Hold" rating on Thursday, August 10 by Cowen & Co. The company was upgraded on Thursday, October 1 by Sandler O'Neill. The firm has "Overweight" rating by Morgan Stanley given on Friday, October 13. The firm has "Neutral" rating by Credit Suisse given on Monday, July 17. The rating was downgraded by Global Hunter Securities to "Accumulate" on Tuesday, July 28. As per Thursday, October 5, the company rating was reinitiated by PiperJaffray. The firm has "Buy" rating given on Thursday, September 7 by Needham. Western Asset Management Com holds 0.02% of its portfolio in Patterson-UTI Energy, Inc. Therefore 71% are positive.
Patterson-UTI Energy, Inc. has a one year low of $14.83 and a one year high of $29.76. PTEN's SI was 12.88 million shares in January as released by FINRA. (NASDAQ:PTEN) has "Buy" rating given on Thursday, August 31 by Jefferies. (NYSE:HBM) earned "Underweight" rating by Barclays Capital on Thursday, January 14. The rating was maintained by Needham with "Buy" on Friday, June 9.
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 private offering from Patterson-UTI Energy will be closing on January 19, 2018, subject to fulfillment of the customary closing conditions. Makaira Partners Llc who had been investing in Valmont Inds Inc for a number of months, seems to be less bullish one the $3.83B market cap company.
ILLEGAL ACTIVITY WARNING: "California State Teachers Retirement System Trims Stake in Patterson-UTI Energy, Inc". Citigroup maintained it with "Neutral" rating and $23 target in Wednesday, July 13 report. The rating was upgraded by KBW to "Outperform" on Monday, August 17. About 795,183 shares traded or 11.51% up from the average.
A number of other hedge funds also recently added to or reduced their stakes in PTEN.
Investors sentiment decreased to 1.41 in 2017 Q3. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.23.
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. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. PTEN's financial leverage ratio is 0.52, which indicates that the company's asset base is primarily funded by equity capital. The New York-based Cramer Rosenthal Mcglynn Ltd Llc has invested 0.25% in Patterson-UTI Energy, Inc. Creative Planning accumulated 0.01% or 128,798 shares. State Of Wisconsin Invest Board stated it has 42,404 shares. Great West Life Assurance Can reported 0.01% stake. Group Inc One Trading Lp owns 5,309 shares. Finally, LS Investment Advisors LLC increased its stake in Patterson-UTI Energy by 22.5% in the third quarter.
Investors may also want to take a longer-term look at company shares. Summit Asset Management Limited Liability Corp holds 2,275 shares. Sei Invests Co accumulated 0% or 66,708 shares.
Investors sentiment decreased to 0.87 in Q3 2017. Its up 0.16, from 1.22 in 2017Q2. It dived, as 65 investors sold JPM shares while 767 reduced holdings. 36 funds opened positions while 76 raised stakes. (NYSE:PNC) or 19,576 shares.
Is Comcast Corporation (NASDAQ:CMCSA) Cheap From Peers? The company has managed to keep price to sales ratio of 2.92 against an industry average of 1.91. Barclays Public Limited Com accumulated 13,548 shares or 0% of the stock. They expect $1.68 earnings per share, up 4.35% or $0.07 from last year's $1.61 per share. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/11/patterson-uti-energy-inc-pten-position-lifted-by-cubist-systematic-strategies-llc.html. Rothschild Asset stated it has 0.48% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC). At the current valuation, this equates to a dividend yield of 0.32%.Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is -0.61. Jpmorgan Chase And has invested 0.03% in IBERIABANK Corporation (NASDAQ:IBKC).