Mercredi, 26 Juin 2019
Dernières nouvelles
Principale » Patterson-UTI reports drilling activity for September 2017

Patterson-UTI reports drilling activity for September 2017

05 Octobre 2017

Patterson-UTI Energy, Inc. has a consensus outperform rating from 28 Wall Street analysts, and the number of shares now sold short amount to at least 7.89% of shares outstanding. JPMorgan Chase & Co. now owns 7,866,364 shares of the oil and gas company's stock worth $158,823,000 after acquiring an additional 2,224,128 shares during the last quarter. SunTrust Banks now has a "Buy" rating and a $25.00 target price on the stock. SunTrust Banks also issued estimates for Patterson-UTI Energy's Q3 2017 earnings at ($0.17) EPS, Q4 2017 earnings at ($0.12) EPS, FY2017 earnings at ($0.92) EPS, Q1 2018 earnings at ($0.13) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.35) EPS.

Patterson-UTI Energy, Inc. (PTEN) surprised the stock market in its last reported earnings when it earned -$0.21 a piece versus the consensus-estimated -$0.3. Analysts expect next quarter's EPS to be $-0.13 with next year's EPS anticipated to be $-0.23. Its revenue totaled $556.29 million up 82.29% from the previous quarter.

The recently concluded session had traders exchanging Patterson-UTI Energy, Inc. The firm's quarterly revenue was up 198.5% on a year-over-year basis.

Company shares are trading at $21.03 quite a bit above $17.84, the stock's 50 day moving average and which is just over the 200 day moving average of $20.41. Vanguard Group Inc. boosted its position in shares of Patterson-UTI Energy by 22.8% during the second quarter. If you are viewing this report on another domain, it was illegally copied and republished in violation of USA & worldwide trademark & copyright law. The legal version of this report can be read at BidaskClub lowered shares of Patterson-UTI Energy from a "sell" rating to a "strong sell" rating in a report on Tuesday, August 8th. Patterson-UTI Energy, Inc. (NASDAQ:PTEN), at its latest closing price of $20.81, it has a price-to-book ratio of 0.00, compared to an industry average at 0.57. BMO Capital Markets restated a "hold" rating and issued a $23.00 price objective on shares of Patterson-UTI Energy in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $27.14.

Vehicle 'infotainment' systems may increase distracted driving, AAA says
Some automakers have already disabled certain infotainment features when the vehicle is in drive. AAA says removing your eyes from the road for just two seconds can double the risk of a crash.

Shares of Patterson-UTI Energy (NASDAQ PTEN) opened at 20.81 on Thursday. The stock's market capitalization is $4.41 billion.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN), stock is trading $29.76 above the 52-week high and has displayed a high EPS growth of -25.00% in last 5 years.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. BlackRock Inc. increased its holdings in shares of Patterson-UTI Energy by 11,291.0% during the first quarter. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was set for Wednesday the 6th of September 2017.

In the last earnings report the EPS was $-1.95 and is projected to be $-0.90 for the current year with 211,699,000 shares presently outstanding. Riverhead Capital Management LLC now owns 10,053 shares of the oil and gas company's stock valued at $203,000 after buying an additional 4,653 shares in the last quarter. Madden Advisory Services Inc. purchased a new stake in shares of Patterson-UTI Energy during the 2nd quarter valued at about $236,000. Gluskin Sheff & Assoc Inc. raised its position in shares of Patterson-UTI Energy by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 16,761,217 shares of the oil and gas company's stock valued at $338,409,000 after buying an additional 3,115,388 shares during the last quarter.