In other Patterson-UTI Energy news, Director Tiffany J. Thom sold 2,574 shares of Patterson-UTI Energy stock in a transaction on Tuesday, January 2nd. The fund acquired 200,000 shares of the company's stock, valued at approximately $4,474,000. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The stock is trading for about -6.08% less than its 52-week high.
Texas Permanent School Fund decreased Schwab Charles Corp New (NYSE:SCHW) stake by 11,594 shares to 330,288 valued at $14.45 million in 2017Q3. (NYSE:PNC) has risen 35.14% since January 12, 2017 and is uptrending. It has outperformed by 105.47% the S&P500. (NASDAQ:PTEN). Tower Cap (Trc) has invested 0% of its portfolio in Patterson-UTI Energy, Inc. Rampart Investment Management Company Llc bought 3,319 shares as the company's stock declined 6.04% while stock markets rallied.
Several other brokerages have also recently issued reports on PTEN.
As regular trading ended, Patterson-UTI Energy, Inc.
The Stock surged3.74% and closed its last trading session at $24.7. The stock traded with the volume of 4.47 Million shares yesterday. 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. It has outperformed by 22.83% the S&P500. The company has market cap of $5.50 billion. Swiss Commercial Bank reported 84,923 shares or 0.01% of all its holdings.
According to reports, the stock price of Patterson-UTI gained 0.56 or +2.43% in 2017 and in the past period of three months the shares have appreciated +2.53 or +12.02%. Scotiabank reiterated a "sector perform" rating and issued a $27.00 price target (up from $22.00) on shares of Patterson-UTI Energy in a research report on Friday, October 28th. Therefore 71% are positive. Patterson-UTI Energy had a negative return on equity of 7.31% and a negative net margin of 14.73%. Comcast Corporation (NASDAQ:CMCSA) earnings have risen with a quarterly rate of 7.6% over the last 5 years. SunTrust Banks lifted their target price on Patterson-UTI Energy to $31.00 and gave the stock a "buy" rating in a report on Wednesday, December 6th. The company was maintained on Friday, September 15 by Jefferies. (NASDAQ:PTEN) has "Buy" rating given on Monday, November 30 by Guggenheim. Cowen & Co has "Outperform" rating and $18 target. On Friday, February 19 the stock rating was maintained by Wedbush with "Neutral". (NYSE:HBM) earned "Hold" rating by Canaccord Genuity on Thursday, August 6. The firm earned "Neutral" rating on Wednesday, June 21 by Seaport Global. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report.
Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.25, from 1.66 in 2017Q2. It dropped, 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. Barclays Public Limited Com accumulated 13,548 shares or 0% of the stock. Cowen & Co maintained Patterson-UTI Energy, Inc. Kahn Brothers Gru De accumulated 1.29 million shares. Stonebridge Advsr Lc accumulated 1,933 shares or 0.06% of the stock. (NASDAQ:PTEN). Kazazian Asset Limited Com reported 20,000 shares stake.
Patterson-UTI Energy, Inc owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. (NASDAQ:PTEN) for 11,440 shares. World Asset Management Inc increased its stake in Patterson-UTI Energy by 22.5% in the third quarter. Woodstock holds 49,614 shares. Legal And General Pcl holds 0% or 28,657 shares.
Patterson-UTI Energy Inc. has distance from 20-day Simple Moving Average (SMA20) of 9.28%, Distance from 50-Day Simple Moving Average of SMA50 percent and Distance from 200-Day Simple Moving Average of 20.49%. Hudbay Minerals Inc now has $2.51 billion valuation.
Among 5 analysts covering Hudbay Minerals Inc (NYSE:HBM), 2 have Buy rating, 1 Sell and 2 Hold. (NYSE:HBM) earned "Underweight" rating by Barclays Capital on Thursday, January 14. The stock of Tower Semiconductor Ltd. (NASDAQ:TSEM) has "Outperform" rating given on Tuesday, December 15 by Oppenheimer. The rating was maintained by Piper Jaffray with "Buy" on Thursday, July 27. The rating was maintained by Drexel Hamilton with "Buy" on Monday, August 21. The firm has "Buy" rating by Nomura given on Wednesday, April 5. As per Thursday, October 12, the company rating was maintained by Stifel Nicolaus. The firm has "Buy" rating by Needham given on Monday, January 4. They expect $0.56 EPS, up 7.69% or $0.04 from last year's $0.52 per share. VMI's profit will be $37.98M for 25.22 P/E if the $1.68 EPS becomes a reality. After $0.21 actual EPS reported by Hudbay Minerals Inc. for the previous quarter, Wall Street now forecasts -19.05% negative EPS growth.
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