Analysts Showing Optimistic Trends For Patterson-UTI Energy Inc. (PTEN)

Patterson-UTI Energy had a net margin of 0.25% and a negative return on equity of 4.82%.

Shares of Patterson-UTI Energy (NASDAQ:PTEN) traded down $0.91 during trading on Wednesday, reaching $18.07. About 2.16 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 28, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Scout Investments Inc increased its stake in Lincoln National Corp (LNC) by 4.67% based on its latest 2017Q3 regulatory filing with the SEC. Jhl Capital Group Llc sold 40,000 shares as the company's stock rose 1.36% with the market. Their revenue meanwhile grew by 5.22% from the last quarter, totaling $130.53 million. Patterson now has $4.13B valuation. The relative volume of the stock is 1.65.

Institutions own 100.18% of Patterson-UTI Energy, Inc. Akebia Therapeutics, Inc. (NASDAQ:AKBA) has risen 76.80% since February 28, 2017 and is uptrending. It has underperformed by 9.16% the S&P500. SunTrust Banks boosted their price objective on shares of Patterson-UTI Energy to $31.00 and gave the company a "buy" rating in a research report on Wednesday, December 6th. Therefore 71% are positive. Patterson-UTI Energy Inc. (NASDAQ:PTEN) has a 20-Day average volume of 5.35 Million.

Several equities analysts have recently issued reports on the stock. The rating was maintained by Cowen & Co on Friday, February 9 with "Hold". Sir Capital Management Lp bought 450,001 shares as the company's stock declined 16.81% while stock markets rallied. Finally, Howard Weil upgraded Patterson-UTI Energy from a "sector perform" rating to a "sector outperform" rating in a report on Friday, January 12th. H.C. Wainwright has "Buy" rating and $2500 target. BidaskClub upgraded Patterson-UTI Energy from a "hold" rating to a "buy" rating in a research note on Saturday, January 13th. Patterson-UTI Drilling Company LLC and its subsidiaries operate land-based drilling rigs in oil and natural gas producing regions of the continental United States and western Canada. (NYSE:T) has "Buy" rating given on Tuesday, June 28 by Deutsche Bank.

A number of other hedge funds also recently modified their holdings of the stock.

Cubist Systematic Strategies Llc, which manages about $1.79B US Long portfolio, decreased its stake in Juniper Networks Inc (NYSE:JNPR) by 54,379 shares to 54,161 shares, valued at $1.51M in 2017Q3, according to the filing. (NYSE:T). Mufg Americas Corp owns 622,804 shares. New York Community (NYSE:NYCB) was reduced too.

Investors sentiment decreased to 1.41 in 2017 Q3. Its up 0.05, from 1.46 in 2017Q2. 30 funds opened positions while 117 raised stakes. 213.37 million shares or 1.11% more from 211.02 million shares in 2017Q2 were reported. (NYSE:ZAYO) to report earnings on May, 8. The stock of Akebia Therapeutics, Inc. Highbridge Capital Mgmt Ltd Liability Com invested in 0.28% or 391,135 shares. Pnc Services Grp stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. Teton Advisors Inc. grew its holdings in shares of Patterson-UTI Energy by 2.7% in the fourth quarter. About 7.27 million shares traded. (NASDAQ:PTEN) for 43,248 shares. Cowen & Co maintained Patterson-UTI Energy, Inc. 771,726 were accumulated by Schwab Charles Inv Management.

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Liberty Mutual Group Asset Management Inc. lifted its position in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 254,555 shares. World Asset Management Inc now owns 15,096 shares of the oil and gas company's stock worth $316,000 after buying an additional 2,772 shares during the period. (NASDAQ:PTEN) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC.

Investors sentiment increased to 1.51 in Q3 2017. 106 funds opened positions while 696 raised stakes.

COPYRIGHT VIOLATION WARNING: This article was originally posted by registrarjournal.com and is owned by of registrarjournal.com. Hbk Sorce Advisory stated it has 6,496 shares. (NASDAQ:PTEN). California State Teachers Retirement Systems accumulated 0.02% or 356,094 shares. Moreover, Guyasuta Investment has 1.02% invested in The Procter & Gamble Company (NYSE:PG). Granite Ptnrs Ltd Co, a California-based fund reported 121,891 shares. (NASDAQ:PTEN) for 6.01M shares. Swiss Bank & Trust invested in 357,200 shares. Hsbc Holdg Pcl stated it has 29,938 shares or 0% of all its holdings. The North Carolina-based Smith Salley Assoc has invested 1.72% in The TJX Companies, Inc. (CPHI). Average true range (ATR-14) of the company is at 0.05.

Patterson-UTI Energy Inc. (PTEN) performance during the last one year degraded -25.81 percent, while its year to date (YTD) performance showed a negative trend of -13.95 percent. 171.85 million shares or 0.51% less from 172.72 million shares in 2017Q2 were reported. (NYSE:ARA) to report $0.15 EPS on March, 6.They anticipate $0.11 EPS change or 42.31% from last quarter's $0.26 EPS. Insiders own 4.60% of the company's stock. Cooper Ellen also sold $620,568 worth of Lincoln National Corporation (NYSE:LNC) shares. The rating was maintained by Piper Jaffray on Tuesday, September 5 with "Buy".

Among 28 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Pros Holdings had 17 analyst reports since August 7, 2015 according to SRatingsIntel.

Investors may be looking at all the different factors that come into play when searching for those next stocks to add to the portfolio. The rating was maintained by BMO Capital Markets on Friday, February 9 with "Hold". Whetstone Capital Advisors Llc who had been investing in Pros Holdings Inc for a number of months, seems to be bullish on the $1.02 billion market cap company. (NASDAQ:PTEN) earned "Neutral" rating by Citigroup on Tuesday, August 9. The rating was downgraded by Goldman Sachs to "Neutral" on Friday, December 16. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, July 22 report. (NYSE:T) rating on Monday, September 18. Stifel Nicolaus has "Buy" rating and $5200 target. The rating was maintained by Needham on Thursday, February 23 with "Buy".

Latest analyst recommendations could offer little help to investors.

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