The average return on assets for companies in the same sector is 7.18. Currently Patterson-UTI Energy Inc.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PTEN. Moreover, Woodstock Corporation has 0.11% invested in Patterson-UTI Energy, Inc. PNC Financial Services Group Inc. now owns 9,303 shares of the oil and gas company's stock worth $225,000 after buying an additional 683 shares during the last quarter.
01/18/2017 - SunTrust began new coverage on Patterson-UTI Energy, Inc. giving the company a "buy" rating. Vanguard Group Inc. increased its stake in Patterson-UTI Energy by 14.4% in the first quarter. T_TFI's profit would be $47.35M giving it 12.57 P/E if the $0.53 EPS is correct. United Services Automobile Association now owns 201,090 shares of the oil and gas company's stock valued at $4,880,000 after buying an additional 1,090 shares during the period. Finally, Van ECK Associates Corp boosted its position in Patterson-UTI Energy by 5.2% in the first quarter. It turned negative, as 41 investors sold NSR shares while 80 reduced holdings. The average volume for Patterson-UTI Energy, Inc.
While trading at volume above than average, Hess Corporation (NYSE:HES) previous 52-week high was $65.56 and moved down -24.58% over the same period, trading at a volume of 5.27 million. (PTEN) ended its last session at $20.4 by Declining -0.05%. The stock now has a Market Cap of $13.62B. Patterson-UTI Energy, Inc.is now trading -3.87% below its 20-day and -15.54% versus the 200-day simple moving averages while -7.63% compared with its 50-day simple moving average. Patterson-UTI Energy has a 12-month low of $17.61 and a 12-month high of $29.76.
A look at some of the inputs to technical analysis model shows how Patterson-UTI Energy, Inc. current price compares to its recent moving averages. (NASDAQ:PTEN) to report $-0.31 EPS on July, 27.They anticipate $0.27 EPS change or 46.55 % from last quarter's $-0.58 EPS. The business had revenue of $305.20 million for the quarter, compared to analysts' expectations of $294.82 million. Blackrock Llc holds 0.02% of its portfolio in Patterson-UTI Energy, Inc. Patterson-UTI Energy's revenue was up 13.5% on a year-over-year basis. (PTEN) is its Earnings per Share or EPS.
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Shares of Patterson-UTI Energy Inc.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd.
Patterson-UTI Energy Inc. (PTEN) has an annual dividend of $0.08, while its annual dividend yield is 0.39%. The ex-dividend date of this dividend is Tuesday, June 6th. Patterson-UTI Energy's dividend payout ratio is presently -3.83%. (PTEN) has distance from 20 Day SMA is -3.87% while its distance from 50 day SMA is -7.63%. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws. The rating was downgraded by Goldman Sachs on Friday, December 16 to "Neutral".
Analyst recommendation for this stock stands at 2.00. Zacks Investment Research lowered shares of Patterson-UTI Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 28th. Jefferies Group LLC set a $35.00 target price on shares of Patterson-UTI Energy and gave the stock a "buy" rating in a report on Monday, April 24th. Morgan Stanley reiterated an "overweight" rating on shares of Patterson-UTI Energy in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the stock. Whittier Of Nevada has invested 0% in Patterson-UTI Energy, Inc. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States.
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