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 https://weekherald.com/2017/10/05/patterson-uti-energy-inc-expected-to-post-q3-2017-earnings-of-0-17-per-share-pten.html. 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.
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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.
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