Patterson-UTI Energy, Inc. (PTEN) Receives Average Recommendation of "Buy" from Brokerages

It seems that Patterson-UTI Energy, Inc. The stock increased 2.47% or $1.0542 during the last trading session, reaching $43.8042. Over the a year ago Company's shares have been trading in the range of $14.83 and $29.76. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. It has outperformed by 16.21% the S&P500.The move comes after 6 months negative chart setup for the $3.80B company.

Norman Fields Gottscho Capital Management Llc increased its stake in United Technologies Corp (UTX) by 173.67% based on its latest 2017Q3 regulatory filing with the SEC. The company has market cap of $24.72 billion. Corporate insiders own 4.60% of the company's stock. The California-based Globeflex Capital L P has invested 0.62% in the stock. (CCUR) stock brought in a -$0.39 drop to $5.31. 235.99 million shares or 1.64% less from 239.92 million shares in 2017Q2 were reported. It has outperformed by 145.94% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.25, from 1.66 in 2017Q2. It is negative, as 9 investors sold Monroe Capital Corporation shares while 10 reduced holdings. 30 funds opened positions while 117 raised stakes. However, its trading capacity stayed around 3.12 million shares in normal days. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. (NASDAQ:PTEN) for 40,026 shares. Wunderlich maintained the shares of NOW in report on Thursday, October 27 with "Buy" rating. (NASDAQ:PTEN). Ny Life Investment Management Ltd Liability invested in 1.78% or 1.05 million shares. Gamco Invsts Et Al accumulated 28,700 shares. North Star Investment Corporation reported 0.04% of its portfolio in Monroe Capital Corporation (NASDAQ:MRCC). It was reported on Feb, 9 by (NASDAQ:PTEN). Moreover, Investec Asset Mgmt Limited has 0.05% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Monday, November 30 to "Buy" rating. M&T Financial Bank has 10,964 shares. Goldman Sachs owns 2.60 million shares. Ww Asset, Michigan-based fund reported 15,096 shares. Ubs Asset Mngmt Americas holds 0.01% of its portfolio in Patterson-UTI Energy, Inc.

In terms of value, Patterson-UTI Energy, Inc.

Penn Capital Management Co Inc decreased Model N Inc (NYSE:MODN) stake by 116,585 shares to 592,788 valued at $8.87 million in 2017Q3. It also reduced its holding in Bb&T Corp (NYSE:BBT) by 19,608 shares in the quarter, leaving it with 205,786 shares, and cut its stake in Wal Mart Stores Inc (NYSE:WMT).

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Patterson-UTI Energy Inc. (PTEN)'s mean Altman Z-Score: 2.36 during the last 7 years. Therefore 25% are positive. The firm has "Underweight" rating by Stephens given on Monday, April 18. Patterson-UTI Energy has an average rating of "Buy" and a consensus target price of $26.79. Teton Advisors Inc. now owns 84,839 shares of the oil and gas company's stock valued at $1,952,000 after acquiring an additional 2,193 shares during the last quarter. Royal Bank of Canada set a $34.00 target price on shares of Patterson-UTI Energy and gave the company a "buy" rating in a research note on Monday. (NASDAQ:PTEN). Whittier, California-based fund reported 60 shares. The rating was maintained by Canaccord Genuity on Friday, November 17 with "Hold". (NASDAQ:PTEN) rating on Thursday, January 11. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. Patterson-UTI Energy has a 1 year low of $14.83 and a 1 year high of $29.76. (NASDAQ:PTEN) sales have annually surged -18.60% on average, however its earnings per share growth remained at -25.00%. Therefore 71% are positive. The Altman Z-score depends on five financial ratios that can be calculated from data found on a company's annual 10K report. The company was maintained on Friday, July 7 by Cowen & Co. Argus Research maintained it with "Buy" rating and $105 target in Thursday, January 28 report.

Let's take a look at how the stock has been performing recently. Citigroup downgraded the stock to "Neutral" rating in Friday, March 18 report. The rating was upgraded by TD Securities on Friday, December 11 to "Buy". The stock of United Technologies Corporation (NYSE:UTX) earned "Hold" rating by RBC Capital Markets on Friday, September 15. The firm has "Neutral" rating by Credit Suisse given on Wednesday, January 4. The firm earned "Hold" rating on Wednesday, September 6 by Deutsche Bank.

Investors sentiment decreased to 0 in 2017 Q3. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. 27 funds opened positions while 69 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Stifel Financial invested 0% of its portfolio in Monroe Capital Corporation (NASDAQ:MRCC). Prelude Capital Limited Co holds 0.18% or 95,827 shares in its portfolio. About 7.12M shares traded or 114.67% up from the average. Cibc Markets reported 390,606 shares stake. State Of Tennessee Treasury Department accumulated 1.79 million shares or 0.35% of the stock. Canaccord Genuity maintained the shares of INTC in report on Wednesday, May 31 with "Hold" rating. Canada Pension Plan Board holds 0.01% or 152,000 shares in its portfolio. Wespac Advisors reported 0.59% stake. British Columbia holds 0.02% in Rogers Communications Inc. Raymond James Ser Inc has 211,527 shares.

Kahn Brothers Group Inc, which manages about $654.54 billion US Long portfolio, decreased its stake in Hologic (NASDAQ:HOLX) by 67,649 shares to 731,816 shares, valued at $26.85B in 2017Q3, according to the filing. The firm earned "Sector Outperform" rating on Friday, October 9 by IBC.

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