Analysts Recommended this Stock: Patterson-UTI Energy Inc. (PTEN)

Patterson-UTI Energy Is Among The Most 'Oversold' Stocks Analyst Says

Analysts Recommended this Stock: Patterson-UTI Energy Inc. (PTEN)

The stock had a trading volume of 5,595,600 shares, compared to its average volume of 4,129,119. General Mills, Inc. (NYSE:GIS) has declined 10.63% since February 14, 2017 and is downtrending. It has outperformed by 90.12% the S&P500. The stock of CME Group Inc. PTEN's SI was 12.88 million shares in February as released by FINRA. Patterson-UTI Energy has a twelve month low of $14.83 and a twelve month high of $28.73.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 13, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Patterson-UTI Energy Inc. (PTEN) has an annual dividend of $0.08, while its annual dividend yield is 0.44%. Therefore 62% are positive.

Analyst research firms are expressing bullish stance on Patterson-UTI Energy, Inc. BlackRock Inc. grew its stake in Patterson-UTI Energy by 10.4% during the 4th quarter.

The (Simple Month Average) SMA20 is at -19.29 percent, its SMA50 Value is -19.06% and SMA200 value is reported as -10.33 Percent. The firm earned "Buy" rating on Monday, July 11 by Jefferies. Royal Bank Of Canada set a $35.00 price objective on shares of Patterson-UTI Energy and gave the company a buy rating in a research note on Saturday, June 24th. (NASDAQ:PTEN). Sg Americas Secs Ltd Liability Co reported 31,689 shares. The original version of this article can be accessed at (NASDAQ:PTEN) earned "Neutral" rating by Credit Suisse on Friday, October 27. The stock has "Hold" rating by Wunderlich on Friday, April 29. (NASDAQ:MELI) on Monday, December 5 to "Neutral" rating. The company was maintained on Tuesday, October 31 by Piper Jaffray. The rating was upgraded by JP Morgan on Wednesday, December 7 to "Neutral".

National Bank & Trust Of America De owns 4.44 million shares for 0.01% of their portfolio. Tokio Marine Asset Management accumulated 24,089 shares.

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If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it. Its down 0.25, from 1.66 in 2017Q2.

Institutional investors and hedge funds have recently bought and sold shares of the company. 78 funds opened positions while 211 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Investors of record on Thursday, September 7th were issued a dividend of $0.02 per share. Scout invested in 0.2% or 350,550 shares. Vaughan Nelson Investment Mngmt LP has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 220,000 shares. Caxton Associates Ltd Partnership stated it has 0.41% in Patterson-UTI Energy, Inc.

The stock has Return on Assets (ROA) of -5.7 percent. (NASDAQ:PTEN). Whittier Co invested in 60 shares. Cornerstone Advsr accumulated 576 shares or 0.02% of the stock. Patterson-UTI Energy's dividend payout ratio is -57.14%. (NASDAQ:PTEN). Valueworks Ltd Liability Co owns 110,539 shares for 1.64% of their portfolio. Energy Opportunities Capital Management Llc owns 444,897 shares or 6.06% of their U.S. portfolio. Seaport Global Securities also issued estimates for Patterson-UTI Energy's Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.12) EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.13 EPS. Therefore 68% are positive. American International Group had 72 analyst reports since August 5, 2015 according to SRatingsIntel.

How Company Returns Shareholder's Value? As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Insiders own 4.60% of the company's stock. Firm's net income measured an average growth rate of 48.40%. The rating was maintained by RBC Capital Markets with "Underperform" on Friday, October 28.

Taking a look at the recent stock price for Duke Energy Corporation (NYSE:DUK), we could notice that the shares are trading close to the 76.10 level. The company was upgraded on Tuesday, February 14 by Guggenheim. (NASDAQ:MELI) to report earnings on February, 22. The stock decreased 1.17% or $0.31 during the last trading session, reaching $26.25. ALB's profit will be $133.70M for 23.04 P/E if the $1.21 EPS becomes a reality.

On 7/27/2017 Patterson-UTI Energy announced a quarterly dividend of $0.02 0.41% with an ex dividend date of 9/6/2017 which will be payable on 9/21/2017. A beta of greater than 1 indicates that the security's price will be more volatile than the market. Its down 0.16, from 1 in 2017Q2. It is negative, as 53 investors sold CME shares while 219 reduced holdings. 77 funds opened positions while 161 raised stakes.

On 6/12/2014 Kenneth N Berns, SVP, sold 85,000 with an average share price of $33.62 per share and the total transaction amounting to $2,857,700.00. Schwab Charles Investment Management Inc. now owns 771,726 shares of the oil and gas company's stock worth $16,160,000 after purchasing an additional 162,677 shares during the last quarter.

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