Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"

Riverhead Capital Management LLC now owns 10,053 shares of the oil and gas company's stock valued at $203,000 after acquiring an additional 4,653 shares in the last quarter. Seaward Mgmt Partnership owns 0.86% invested in IBERIABANK Corporation (NASDAQ:IBKC) for 214,897 shares. Davenport Com Limited Liability holds 11,440 shares. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 122.17% since January 12, 2017 and is uptrending. It has outperformed by 14.42% the S&P500. (PTEN). The consensus rating is 2.1, suggesting the market has given up on the stock. Company insiders own 4.60% of the company's stock. The stock increased 3.74% or $0.89 during the last trading session, reaching $24.7.

NASDAQ:PTEN) shares were trading higher by 3.74 percent ($0.89) at $24.7 a piece in Thursday's session. Finally, Timber Hill LLC bought a new position in Patterson-UTI Energy in the 3rd quarter worth $256,000. It has outperformed by 16.21% the S&P500. The Encompass Capital Advisors Llc holds 275,000 shares with $5.76 million value, down from 678,712 last quarter.

Investors sentiment decreased to 0.87 in Q3 2017. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.23. 51 funds opened positions while 130 raised stakes. The company has volume of 4.01 Million shares.

PTEN has been the subject of several analyst reports. Wealth Architects Llc has 8,668 shares. Leavell Inv invested in 0.06% or 25,000 shares. Pettee has 99,001 shares. The PNC Financial Services Group, Inc. Asset Mngmt One Com Limited holds 153,884 shares or 0.02% of its portfolio. Howe Rusling holds 70 shares or 0% of its portfolio. First Manhattan holds 193,000 shares. Aperio Ltd Llc holds 0.01% or 122,280 shares in its portfolio. Arcadia Investment Corporation Mi, Michigan-based fund reported 305 shares. Glg Prtnrs Ltd Partnership reported 9,457 shares. Centurylink Mngmt reported 10,169 shares or 0.52% of all its holdings. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the company. Therefore 53% are positive. TowerJazz had 18 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, February 19 the stock rating was maintained by Wedbush with "Neutral". The rating was maintained by Credit Suisse on Monday, October 16 with "Neutral". The firm has a Return on Assets (ROA) value of -5.70%. The rating was upgraded by JP Morgan to "Overweight" on Tuesday, September 5. Keefe Bruyette & Woods downgraded JPMorgan Chase & Co. Citigroup maintained it with "Neutral" rating and $22 target in Tuesday, August 9 report. Cowen & Co has "Outperform" rating and $18 target. Needham maintained it with "Buy" rating and $48 target in Wednesday, March 1 report. The firm has "Buy" rating given on Monday, August 21 by Needham. Savings Bank Of New York Mellon Corporation accumulated 4.39 million shares. At one point in the past year, the shares traded as low as $14.83 but has recovered 66.55% since then.

Patterson-UTI Energy (NASDAQ:PTEN) last released its earnings results on Thursday, October 26th. They expect $1.68 earnings per share, up 4.35% or $0.07 from last year's $1.61 per share. Texas Permanent School Fund acquired 35,040 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. Therefore 71% are positive. Cowen & Co maintained Patterson-UTI Energy, Inc. The rating was maintained by Howard Weil on Monday, June 20 with "Sector Perform". As per Wednesday, September 9, the company rating was downgraded by Tudor Pickering. Jefferies maintained it with "Buy" rating and $26.0 target in Thursday, October 5 report. Patterson-UTI Energy had a negative return on equity of 7.31% and a negative net margin of 14.73%. (NASDAQ:PTEN) on Monday, January 11 to "Outperform" rating. As per Thursday, August 10, the company rating was maintained by Wells Fargo. The firm earned "Buy" rating on Friday, July 28 by Jefferies. Canaccord Genuity maintained the stock with "Buy" rating in Friday, May 27 report. Year-to-date it jumped 19.72%.

Winch Advisory Services Llc, which manages about $228.69M and $153.74M US Long portfolio, upped its stake in Vanguard Emerging Markets Etf (VWO) by 52,385 shares to 167,308 shares, valued at $7.29 million in 2017Q3, according to the filing.

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Hedge funds and other institutional investors have recently modified their holdings of the business.

Investors sentiment decreased to 1.41 in Q3 2017. Its up 0.16, from 1.22 in 2017Q2.

Want to see what other hedge funds are holding PTEN? 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. The firm earned "Buy" rating on Thursday, October 5 by Jefferies. The Michigan-based World Asset Management Inc has invested 0.01% in Patterson-UTI Energy, Inc. Shares of PTEN have uptrended 15.91% in the past three months, while the S&P 500 has moved 3.89% in that time. Tortoise Advsrs Llc holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. Bluecrest Cap Ltd reported 282,972 shares or 0.24% of all its holdings. At the moment, the 14-day ATR for Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Horizon Kinetics Limited Liability Corporation holds 493,742 shares. Prudential owns 128,189 shares. Carroll Fincl Associate stated it has 205 shares. Viking Fund Mngmt Limited Liability Corp, a North Dakota-based fund reported 260,000 shares. Creative Planning has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 84,875 shares. Tokio Marine Asset Management Commerce Ltd reported 0.17% stake. Bessemer Group Inc Inc invested in 0% or 191 shares.

Patterson-UTI Energy, Inc is an oilfield services company. Finally, PNC Financial Services Group Inc. boosted its stake in Patterson-UTI Energy by 89.3% in the second quarter.

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