Analysts See $-0.18 EPS for Patterson-UTI Energy, Inc. (PTEN)

October 13, 2017 - By Peter Erickson

 Analysts See $ 0.18 EPS for Patterson UTI Energy, Inc. (PTEN)
Investors sentiment increased to 1.66 in Q2 2017. Its up 0.27, from 1.39 in 2017Q1. It is positive, as 44 investors sold Patterson-UTI Energy, Inc. shares while 61 reduced holdings. 52 funds opened positions while 122 raised stakes. 200.72 million shares or 15.08% more from 174.43 million shares in 2017Q1 were reported.
Moreover, Sterling Capital Mngmt Ltd has 0.02% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Corecommodity Management Lc has invested 0.21% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). State Street has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Paloma invested in 35,148 shares or 0.01% of the stock. Jpmorgan Chase And has invested 0.04% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Ellington Grp Limited Liability Corp owns 22,000 shares. New York-based Horizon Kinetics Lc has invested 0.45% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Moreover, Public Employees Retirement Association Of Colorado has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 35,439 shares. Liberty Mutual Gru Asset Mgmt Inc reported 62,001 shares. Investec Asset Management has 0.07% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 716,246 shares. New York-based Boothbay Fund Ltd Liability Com has invested 0.05% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Ls Inv Advisors Ltd Co holds 13,497 shares or 0.02% of its portfolio. Tygh Capital Mgmt owns 0.49% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 107,324 shares. First Pacific Limited Liability Company has 0.27% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 1.76M shares. Balyasny Asset Mgmt Limited Liability Co stated it has 144,880 shares or 0.01% of all its holdings.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on October, 26. They expect $-0.18 EPS, up 68.97 % or $0.40 from last year’s $-0.58 per share. After $-0.21 actual EPS reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -14.29 % EPS growth. The stock decreased 3.66% or $0.78 during the last trading session, reaching $20.53. About 3.97 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since October 13, 2016 and is uptrending. It has outperformed by 16.21% the S&P500.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Ratings Coverage

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 21 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. Patterson-UTI Energy Inc had 87 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Thursday, July 27 by Piper Jaffray. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by Nomura on Wednesday, April 5. The firm has “Buy” rating given on Thursday, August 31 by Jefferies. The company was upgraded on Wednesday, June 29 by Piper Jaffray. Susquehanna maintained the shares of PTEN in report on Wednesday, March 9 with “Positive” rating. The rating was downgraded by JP Morgan to “Underweight” on Friday, April 15. The stock has “Buy” rating by Guggenheim on Tuesday, February 14. The rating was maintained by Cowen & Co on Friday, July 29 with “Outperform”. The stock has “Sector Perform” rating by Howard Weil on Monday, March 28. As per Monday, January 11, the company rating was upgraded by Wells Fargo.

Patterson-UTI Energy, Inc. is an oilfield services company. The company has market cap of $4.38 billion. The Firm owns and operates a fleet of land drilling rigs and a fleet of pressure pumping equipment in the United States. It currently has negative earnings. The Company’s divisions include Contract Drilling, Pressure Pumping and Other operations.

More important recent Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news were published by: Prnewswire.com which released: “Technical Research on Oil and Gas Equities — Patterson-UTI Energy, Diamond …” on October 03, 2017, also Benzinga.com published article titled: “Deutsche Bank’s 3 Favorite Oil Service Picks: Patterson-UTI, Halliburton, C&J”, Finance.Yahoo.com published: “Is It Time To Buy Patterson-UTI Energy Inc (PTEN)?” on September 17, 2017. More interesting news about Patterson-UTI Energy, Inc. (NASDAQ:PTEN) was released by: Prnewswire.com and their article: “Patterson-UTI Energy Completes Acquisition of MS Energy Services” with publication date: October 12, 2017.

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