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

Galtero Lara
Enero 14, 2018

It has outperformed by 22.83% the S&P500. Gluskin Sheff & Assoc Inc. increased its stake in Patterson-UTI Energy by 7.1% in the second quarter. Elm Ridge Management Llc sold 37,954 shares as the company's stock declined 16.81% while stock markets rallied. Madden Advisory Services Inc. purchased a new position in shares of Patterson-UTI Energy during the 2nd quarter valued at $236,000. Patterson Uti Energy Com now has $5.49 billion valuation. The Btg Pactual Global Asset Management Ltd holds 71,000 shares with $7.27 million value, up from 66,000 last quarter.

Patterson-UTI Energy, Inc. has a one year low of $11.81 and a one year high of $29.56. It has outperformed by 16.21% the S&P500. Bailard holds 0.06% or 33,255 shares in its portfolio.

Investors sentiment decreased to 1 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. Employees Retirement System Of Texas invested in 0.05% or 35,200 shares. 75 funds opened positions while 289 raised stakes. Doheny Asset Mgmt Ca invested in 0.8% or 72,092 shares. (NYSE:REIT). National Bank Of Montreal Can reported 639,850 shares. (NYSE:REIT). Jfs Wealth Advisors Ltd Co holds 900 shares or 0.02% of its portfolio. Pettee has 99,001 shares. Invesco has invested 0.36% in Crown Castle International Corp. Sterling Cap Management Ltd Liability Com stated it has 82,108 shares. Eaton Vance Mngmt holds 158,624 shares. Tower Cap Llc (Trc) holds 0.13% or 65,191 shares. The oil and gas company reported ($0.13) EPS for the quarter, topping the Zacks' consensus estimate of ($0.17) by $0.04. Glg Prtnrs Ltd Partnership reported 9,457 shares. Parametric Assocs Limited Liability Corp accumulated 393,732 shares.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 40% are positive. Comcast Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. (NASDAQ:PTEN) has "Hold" rating given on Wednesday, October 18 by Cowen & Co. The firm has "Market Perform" rating given on Friday, March 11 by BMO Capital Markets. The firm has "Outperform" rating by FBR Capital given on Monday, October 31. The rating was maintained by Citigroup with "Buy" on Monday, October 5. Keefe Bruyette & Woods downgraded JPMorgan Chase & Co. (NYSE:HBM) on Tuesday, August 2 to "Market Perform" rating. (NYSE:REIT) has "Buy" rating given on Monday, June 5 by Jefferies. On Monday, February 22 the stock rating was downgraded by Portales Partners to "Underperform". The firm has "Buy" rating given on Thursday, January 4 by Jefferies. Ci Invests reported 2.15 million shares.

Analysts await Patterson-UTI Energy, Inc.

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Patterson-UTI Energy (NASDAQ:PTEN) last released its quarterly earnings results on Thursday, October 26th. They expect $-0.08 earnings per share, up 84.91% or $0.45 from last year's $-0.53 per share. Hancock Hldg holds 0.06% of its portfolio in Patterson-UTI Energy, Inc. JENNISON ASSOCIATES LLC also announced decreased position in Patterson-UTI Energy, Inc. Barrington Research maintained the stock with "Outperform" rating in Friday, November 6 report. The rating was maintained by Evercore on Tuesday, June 6 with "Buy". As per Tuesday, September 1, the company rating was downgraded by Wells Fargo. Deutsche Bank began coverage on shares of Patterson-UTI Energy in a research report on Tuesday, October 10th. (NASDAQ:PTEN). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Patterson-UTI Energy, Inc. Vanguard Grp Inc reported 17.67 million shares. As per Thursday, July 13, the company rating was maintained by Jefferies. The rating was maintained by Credit Suisse on Wednesday, April 19 with "Neutral". The company was maintained on Thursday, October 12 by Piper Jaffray. The stock has "Neutral" rating by JP Morgan on Wednesday, December 7. The Encompass Capital Advisors Llc holds 275,000 shares with $5.76 million value, down from 678,712 last quarter. It also increased its holding in Bp Plc Spons Adr (NYSE:BP) by 22,758 shares in the quarter, for a total of 56,213 shares, and has risen its stake in Vanguard Short Term Bond Fund (BSV).

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It turned negative, as 112 investors sold GE shares while 818 reduced holdings.

FIRST EAGLE INVESTMENT MANAGEMENT, LLC raised its stake in TechnipFMC plc (NYSE:FTI) by 10.95% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. (NASDAQ:PTEN). Key (Cayman) Ltd reported 1.29M shares stake. Patterson-UTI Energy, Inc. earnings have declined with an annualized rate of -25% over the last 5 years. (NASDAQ:PTEN) for 128,000 shares. (NASDAQ:PTEN). Tortoise Advsr holds 0.01% in Patterson-UTI Energy, Inc. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Shares of Patterson-UTI Energy (NASDAQ PTEN) remained flat at $$24.70 on Friday. Homrich And Berg owns 177,637 shares. Wealthtrust Axiom Ltd Company invested in 0.21% or 4,126 shares. Atlanta Capital Management Co L L C, a Georgia-based fund reported 3.55 million shares.

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. (NASDAQ:PTEN) for 97,890 shares. Commercial Bank Of America Corp De reported 4.44M shares stake. Brandywine invested in 36,840 shares or 1.27% of the stock. Whittier stated it has 60 shares or 0% of all its holdings. Manufacturers Life Insur Co The has invested 0.01% of its portfolio in Patterson-UTI Energy, Inc. SunTrust Banks increased their target price on shares of Patterson-UTI Energy to $31.00 and gave the stock a "buy" rating in a report on Wednesday, December 6th.

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