Trending Stock Analysis: Patterson-UTI Energy Inc. (PTEN)

Past 5 years growth of PTEN observed at -25.00%, and for the next five years the analysts that follow this company is expecting its growth at 22.60%. The institutional investor held 70 shares of the major chemicals company at the end of 2017Q3, valued at $10,000, down from 2,470 at the end of the previous reported quarter. The company has a market capitalization of $3,959.51, a PE ratio of -130.71 and a beta of 1.02. Closing price generally refers to the last price at which a stock trades during a regular trading session. About 119,645 shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since February 13, 2017 and is uptrending. California State Teachers Retirement System now owns 359,071 shares of the oil and gas company's stock valued at $8,262,000 after purchasing an additional 2,977 shares in the last quarter. (NYSE:GIS), 2 have Buy rating, 4 Sell and 17 Hold.

Marvell Technology Group Ltd. has a consensus outperform rating from 21 Wall Street analysts, and the number of shares now sold short amount to at least 7.57% of shares outstanding. About 38,784 shares traded.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its earnings results on Thursday, February 8th. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.08, from 0.71 in 2017Q2.

Kahn Brothers Group Inc decreased Hologic (NASDAQ:HOLX) stake by 67,649 shares to 731,816 valued at $26.85B in 2017Q3. 77 funds opened positions while 161 raised stakes. (NYSE:GIS). Inv Centers Of America, a North Dakota-based fund reported 23,655 shares. Da Davidson & Communications owns 0.02% invested in Albemarle Corporation (NYSE:ALB) for 6,333 shares. Woodstock Corp accumulated 19,735 shares. Franklin holds 0.61% or 9.12 million shares in its portfolio. Stratos Wealth Limited, Ohio-based fund reported 31,894 shares. Energy Opportunities Capital Management Llc owns 444,897 shares or 6.06% of their United States portfolio. Shareholders of record on Thursday, March 8th will be issued a $0.02 dividend. (NASDAQ:CME). World Asset invested 0.13% in CME Group Inc. First Midwest Bankshares Trust Division owns 23,585 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 7,448 shares or 0% of the stock. Morgan Stanley reported 0.01% stake. BNP Paribas Arbitrage SA now owns 261,427 shares of the oil and gas company's stock worth $5,474,000 after purchasing an additional 32,293 shares during the last quarter. (NYSE:GIS). Nordea Inv Mgmt owns 1.80M shares or 0.22% of their U.S. portfolio. Therefore 9% are positive. CME Group had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Friday, September 22 with "Neutral". The stock of Albemarle Corporation (NYSE:ALB) has "Buy" rating given on Friday, August 7 by Suntrust Robinson. (NYSE:AIG) earned "Mkt Perform" rating by FBR Capital on Monday, November 28. The company was upgraded on Tuesday, February 14 by Guggenheim. On Tuesday, March 21 the stock rating was downgraded by Bernstein to "Underperform". Insiders own 4.60% of the company's stock. Stifel Nicolaus maintained the stock with "Hold" rating in Thursday, October 6 report.

Investors sentiment decreased to 1.41 in Q3 2017.

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The stock decreased 1.93% or $0.35 during the last trading session, reaching $17.8. It is negative, as 40 investors sold PTEN shares while 64 reduced holdings. The daily trading volume average remained 9.68 million shares over the course of 3 months. Scout invested in 0.2% or 350,550 shares. Goldman Sachs Group invested in 0.01% or 2.60M shares. Glg Prtnrs LP holds 1.38% of its portfolio in Patterson-UTI Energy, Inc. BlackRock Inc. grew its stake in Patterson-UTI Energy by 10.4% during the 4th quarter. (NASDAQ:PTEN). Lazard Asset Mgmt Limited Liability invested in 482,160 shares or 0.02% of the stock. Eaton Vance Mgmt holds 158,624 shares. (NASDAQ:PTEN). Public Employees Retirement Association Of Colorado has invested 0.01% in Patterson-UTI Energy, Inc.

Key Group Holdings Cayman Ltd increased Patterson Uti Energy Inc (PTEN) stake by 78.21% reported in 2017Q3 SEC filing. (NASDAQ:PTEN) for 100,734 shares.

Patterson-UTI Energy, Inc is an oilfield services company. Riverhead Capital Management LLC raised its holdings in shares of Patterson-UTI Energy by 86.2% during the second quarter. Perritt Management has invested 0.09% in General Mills, Inc.

The stock has Return on Assets (ROA) of -5.7 percent. (NASDAQ:PTEN). Jennison Assocs Limited Liability holds 0.09% or 4.07 million shares. Valueworks Ltd Llc invested in 110,539 shares or 1.64% of the stock. Therefore 71% are positive. Cowen & Co maintained Patterson-UTI Energy, Inc. The stock has "Outperform" rating by RBC Capital Markets on Friday, March 31. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. Elm Ridge Management Llc who had been investing in Patterson Uti Energy Inc for a number of months, seems to be less bullish one the $4.08B market cap company. (NASDAQ:PTEN) has "Overweight" rating given on Wednesday, June 29 by Simmons & Co. (NASDAQ:PTEN) has "Buy" rating given on Thursday, October 5 by Jefferies. (NASDAQ:PTEN) earned "Hold" rating by Cowen & Co on Wednesday, October 18. J.P. Morgan upgraded it to "Buy" rating and $24.0 target in Tuesday, September 5 report.

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