Net profit margin of Patterson-UTI Energy Inc. DE owned 0.63% of Patterson-UTI Energy worth $32,030,000 at the end of the most recent quarter. A bullish investor could look at PTEN's 28.0 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. 361 Capital LLC boosted its stake in Patterson-UTI Energy by 9.2% during the third quarter. Schwab Charles Investment Management Inc. boosted its stake in Patterson-UTI Energy by 26.7% during the third quarter. The average 1 year target price among brokerages that have covered the stock in the last year is $26.13. Winch Advisory Service has invested 0% in Patterson-UTI Energy, Inc.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Finally, TVR Capital Management LP boosted its stake in Patterson-UTI Energy by 1,471.8% in the second quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.
PTEN has been the subject of several research analyst reports. Cowen reissued a "market perform" rating and issued a $20.00 target price (down previously from $24.00) on shares of Patterson-UTI Energy in a research report on Friday, October 27th. SunTrust Banks lifted their price objective on Patterson-UTI Energy to $31.00 and gave the company a "buy" rating in a research note on Wednesday, December 6th. (NASDAQ:PTEN). California State Teachers Retirement System stated it has 0.02% of its portfolio in Patterson-UTI Energy, Inc. ValuEngine cut Patterson-UTI Energy from a "hold" rating to a "sell" rating in a research report on Friday, February 2nd.
Ex-Celtic, Man U star Miller dies aged 36
Hibs said they were "incredibly saddened" by news of Miller's death, while Sunderland also paid tribute to their former player. Miller would go on to play 21 senior games for the Republic of Ireland with his sole goal coming against Sweden in 2006.
Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 10 have Buy rating, 0 Sell and 11 Hold. $59.81's average target is 33.24% above currents $44.89 stock price.
Kahn Brothers Group Inc, which manages about $654.54B US Long portfolio, decreased its stake in Comcast Cl A (NASDAQ:CMCSA) by 1,578 shares to 19,318 shares, valued at $743.36M in 2017Q3, according to the filing. (PTEN) traded down $1.15 during trading on Friday, hitting $17.56.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) has the Market Capitalization of 4.44 Billion. Citigroup upgraded Patterson-UTI Energy, Inc. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile.
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Analysts expect Monroe Capital Corporation (NASDAQ:MRCC) to report $0.34 EPS on March, 6.They anticipate $0.01 EPS change or 2.86% from last quarter's $0.35 EPS. The Return on Equity (ROE) and Return on Investment (ROI) values are -8.8 percent and -9.8 percent respectively. Considering this risk/reward calculation, the company now scores well below-average in its industry group compared to its peers. The business's revenue was up 218.9% compared to the same quarter past year. Analysts are turning out to be more optimistic than before, with 20 of analysts who cover Patterson-UTI Energy, Inc.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Ares Mgmt Ltd Liability Company invested in 22,148 shares or 0.02% of the stock. This represents a $0.08 annualized dividend and a dividend yield of 0.44%. Encompass Advisors Ltd Company invested 0.94% of its portfolio in Patterson-UTI Energy, Inc. The stock is now moving below its 20-Day Simple Moving Average of -21.72% with a 50-Day Simple Moving Average of -17.93 percent. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Shufro Rose & Co Llc bought 11,005 shares as the company's stock declined 2.77% while stock markets rallied.
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Bean said it now will let customers return products up to one year after purchase, if they have a receipt or proof of purchase. In his letter, Gorman said, "We will work with our customers to reach a fair solution if a product is defective in any way".
Patterson-UTI Energy (PTEN) opened at $18.71 on Friday. (NASDAQ:PTEN). Credit Suisse Ag reported 269,994 shares. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & global copyright & trademark law. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/09/patterson-uti-energy-inc-pten-expected-to-post-earnings-of-0-08-per-share.html. Intrepid Cap holds 5.17% in Patterson-UTI Energy, Inc. Patterson-UTI Drilling Company LLC and its subsidiaries operate land-based drilling rigs in oil and natural gas producing regions of the continental United States and western Canada.