Sicart Associates LLC Takes Position in Patterson-UTI Energy, Inc. (PTEN)

Sicart Associates LLC Takes Position in Patterson-UTI Energy, Inc. (PTEN)

Elm Ridge Management Llc sold 37,954 shares as the company's stock declined 16.81% while stock markets rallied. The Rr Advisors Llc holds 657,000 shares with $27.04M value, up from 624,000 last quarter. Patterson-UTI Energy, Inc. earnings have declined with an annualized rate of -25% over the last 5 years. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76.

As of now, the company boasts of 34 new institutional holders holding shares worth $11.87 million and the sold out positions were 54 amounting to 15.43 million shares. (NYSE:JPM) has risen 33.74% since January 12, 2017 and is uptrending. It has outperformed by 16.21% the S&P500. The institutional investor held 201,974 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.89 million, down from 234,197 at the end of the previous reported quarter. The investor is now holding $5.38 million shares due in part to a decrease of 1.5 million new shares in their portfolio. Finally, Goldman Sachs Group, Inc. (NASDAQ:PTEN). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Patterson-UTI Energy, Inc.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. Glenmede Trust Na invested in 4,176 shares. 72 funds opened positions while 272 raised stakes. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported. Hollencrest Secs Ltd Liability Corporation owns 7,235 shares or 0.04% of their USA portfolio. Paloma Management invested in 79,076 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 7,448 shares. Eqis Inc holds 0.02% or 18,232 shares in its portfolio. Bollard Group Lc has 0.44% invested in General Electric Company (NYSE:GE). Schwab Charles Inv Management accumulated 771,726 shares or 0.01% of the stock. 14,599 were reported by Comm Financial Bank. Gmt has 363,800 shares for 0.74% of their portfolio. Whittier stated it has 60 shares or 0% of all its holdings. 13,220 are held by Brookfield Asset. About 2.22M shares traded. Therefore 83% are positive. The firm earned "Accumulate" rating on Tuesday, July 28 by Global Hunter Securities. Deutsche Bank began coverage on shares of Patterson-UTI Energy in a research report on Tuesday, October 10th. The stock has "Buy" rating by Piper Jaffray on Thursday, July 27. The stock has "Neutral" rating by Citigroup on Friday, September 16. Patterson-UTI Energy has a 12 month low of $14.83 and a 12 month high of $29.76. Piper Jaffray maintained the stock with "Buy" rating in Monday, July 10 report. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The oil and gas company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.17) by $0.04. As per Wednesday, October 14, the company rating was maintained by Keefe Bruyette & Woods.

Since August 21, 2017, it had 0 insider purchases, and 2 insider sales for $1.12 million activity. Time Warner Inc now has $71.67B valuation. (NYSE:PNC) or 19,576 shares. The other 30 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Vanguard Grp Inc reported 17.67 million shares. (NYSE:PNC) or 46,307 shares. The analysts are organized by industry, giving them deep insight into developments that may affect profits and stock performance.


Sell-side analyst recommendations point to a short term price target of $25.26 on the shares of Patterson-UTI Energy, Inc. The business's quarterly revenue was up 232.3% compared to the same quarter last year. analysts forecast that Patterson-UTI Energy will post -0.8 earnings per share for the current fiscal year. The firm earned "Hold" rating on Wednesday, June 21 by BMO Capital Markets. Large-cap companies usually have a market capitalization of $10 billion and up. (NASDAQ:PTEN) earned "Outperform" rating by BMO Capital Markets on Friday, September 4. (NASDAQ:PTEN). Horizon Kinetics Limited Liability Corporation holds 493,742 shares. Seven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Commonwealth Equity Svcs has invested 0% in Patterson-UTI Energy, Inc. Howard Weil downgraded the stock to "Sector Perform" rating in Monday, March 28 report. As per Friday, October 27, the company rating was maintained by Nomura. (NYSE:JPM) on Tuesday, January 17 to "Mkt Perform" rating.

Patterson-UTI Energy, Inc is an oilfield services company. Wells Fargo upgraded the shares of PTEN in report on Monday, January 11 to "Outperform" rating.

Investors sentiment decreased to 0.69 in Q3 2017. The analyst recommendations from a month ago are 16 Buy, 1 Overweight, 0 Sell, 0 Hold and 0 Underweight. It worsened, as 40 investors sold PTEN shares while 64 reduced holdings. 118 funds opened positions while 525 raised stakes. (PTEN) worth $128.14 million at the end of the most recent reporting period. Included are the S&P 500 and 450 of the next largest market cap and widely-held stocks. Parametric Assocs Limited Liability Corp accumulated 393,732 shares. (NASDAQ:PTEN). Profund Advsrs Lc owns 35,993 shares for 0.03% of their portfolio. Sg Americas reported 31,689 shares. Commercial Bank Of America Corp De reported 4.44M shares stake. After $0.91 actual earnings per share reported by J.B. Hunt Transport Services, Inc. for the previous quarter, Wall Street now forecasts 13.19% EPS growth. (NASDAQ:PTEN) or 18.65 million shares. 9,644 are held by Dupont Capital Management. (NYSE:JPM). Segment Wealth Mgmt Limited Com owns 49,379 shares or 1.25% of their U.S. portfolio. Eaton Vance Mngmt holds 158,624 shares. Putnam Limited invested in 0.01% or 267,452 shares. Cubist Systematic Strategies Limited Liability Com has 0.06% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 55,000 shares. Jarislowsky Fraser holds 0% or 3,290 shares. State Of Wisconsin Invest Board stated it has 42,404 shares. PTEN has a beta of 1.06 and therefore an above average level of market volatility. It also upped Cyrusone Inc (NASDAQ:CONE) stake by 29,389 shares and now owns 122,196 shares. Crown Castle International Corp.

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