Markets

Patterson-UTI Energy, Inc. (PTEN) Plans $0.02 Quarterly Dividend

Patterson-UTI Energy, Inc. (PTEN) Plans $0.02 Quarterly Dividend

The institutional investor held 995,265 shares of the consumer services company at the end of 2017Q3, valued at $51.34 million, down from 1.03 million at the end of the previous reported quarter. BMO Capital Markets initiated ServiceNow, Inc. About 2.89M shares traded. Credit Suisse maintained McDonald's Corporation (NYSE:MCD) on Tuesday, January 23 with "Buy" rating. It has outperformed by 16.21% the S&P500. Schwab Charles Investment Management Inc. now owns 771,726 shares of the oil and gas company's stock valued at $16,160,000 after buying an additional 162,677 shares during the period. The stock has a market cap of $4,160.00, a P/E ratio of -12.07 and a beta of 1.02. The stock plummeted -20.62 percent over the past month and fell -18.69 percent year-to-date.

Patterson-UTI Energy (NASDAQ:PTEN) last released its quarterly earnings results on Thursday, February 8th. It has outperformed by 25.67% the S&P500. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company. Their 52-Week High and Low are noted here. $59.81's average target is 33.24% above currents $44.89 stock price.

Analysts await Heska Corporation (NASDAQ:HSKA) to report earnings on February, 27. The stock of ServiceNow, Inc. (NYSE:RCI) earned "Equal-Weight" rating by Morgan Stanley on Thursday, December 17. The rating was upgraded by Gabelli on Wednesday, September 14 to "Buy". The rating was downgraded by IBC on Wednesday, April 5 to "Sector Perform". TheStreet upgraded Patterson-UTI Energy from a d+ rating to a c- rating in a report on Monday, December 4th. The stock has "Equal-Weight" rating by Barclays Capital on Friday, October 14. Citigroup maintained the stock with "Neutral" rating in Wednesday, July 13 report. (NYSE:RCI) earned "Neutral" rating by Goldman Sachs on Friday, December 4. BMO Capital Markets has "Market Perform" rating and $85.0 target. Cowen & Co maintained Patterson-UTI Energy, Inc. Another trade for 34,575 shares valued at $6.00M was sold by GOARE DOUGLAS M. Fairhurst David Ogden sold $751,013 worth of McDonald's Corporation (NYSE:MCD) on Monday, August 14. Davenport Co Limited Liability Corporation has 11,440 shares for 0% of their portfolio.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.99, from 2.73 in 2017Q2. It worsened, as 48 investors sold MCD shares while 638 reduced holdings. 27 funds opened positions while 69 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. 4,013 were accumulated by Lombard Odier Asset Mgmt (Europe) Ltd. Horizon Kinetics Ltd Liability stated it has 0.3% of its portfolio in Patterson-UTI Energy, Inc. Shell Asset Mgmt holds 76,261 shares. Wespac Advisors reported 0.59% stake. British Columbia holds 0.02% in Rogers Communications Inc. Cambridge Research holds 0% or 17,356 shares. Connor Clark And Lunn Invest Mgmt Limited has invested 0.21% in McDonald's Corporation (NYSE:MCD). (NYSE:RCI). Ajo Lp invested 0.02% in Rogers Communications Inc. Mark Asset Management holds 2.65% or 77,788 shares in its portfolio.

Valley National Advisers Inc decreased its stake in Mcdonalds Corp (MCD) by 7.59% based on its latest 2017Q3 regulatory filing with the SEC. The insider Sappington James R sold 8,046 shares worth $1.33 million. Assetmark Inc stated it has 0% in Rogers Communications Inc.

Shares of Patterson-UTI Energy (NASDAQ:PTEN) traded down $3.12 during mid-day trading on Friday, hitting $18.71. Therefore 86% are positive. Patterson-UTI Energy's fundamental scores give PTEN a place in the top quartile of the industry group. 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. Penn Capital Management Co Inc acquired 49,283 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. Finally, Cowen reissued a "market perform" rating and issued a $20.00 price target (down from $24.00) on shares of Patterson-UTI Energy in a research report on Friday, October 27th.

Google faces Pixel suit
Past year saw Google introduce updated versions of the phones - the Google Pixel 2 and Pixel 2 XL - which were a critical success. According to Google, Pixel and Pixel XL smartphones suffer from a "hairline crack in the solder connection on the audio codec".

Patterson-UTI Energy, Inc is an oilfield services company. The firm has "Neutral" rating given on Wednesday, June 21 by Seaport Global. The company was initiated on Tuesday, April 5 by Evercore. Wunderlich maintained the shares of MRCC in report on Thursday, July 21 with "Buy" rating. The rating was maintained by Susquehanna with "Positive" on Wednesday, March 9. The stock has "Buy" rating by Ladenburg Thalmann on Thursday, August 10. The company was upgraded on Monday, November 30 by Guggenheim.

Kahn Brothers Group Inc, which manages about $654.54 billion US Long portfolio, decreased its stake in Zedge Inc.by 16,318 shares to 138,918 shares, valued at $266.72 million in 2017Q3, according to the filing.

A number of other large investors have also recently added to or reduced their stakes in PTEN.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2. (NASDAQ:PTEN) for 40,026 shares. 15 funds opened positions while 18 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Gamco Invsts Et Al accumulated 28,700 shares. Trading volume for Patterson-UTI Energy Inc. was 15.35 Million in its previous trading session. Spectrum Management Group Incorporated Incorporated reported 0.06% of its portfolio in Monroe Capital Corporation (NASDAQ:MRCC). Cim Ltd Llc reported 2,015 shares stake. Profund Advsrs Ltd Llc reported 35,993 shares. Kingfisher Capital Ltd, a North Carolina-based fund reported 1,278 shares. Tower Research Cap Limited Liability Com (Trc) owns 738 shares for 0% of their portfolio. Old Mutual Customised Solutions (Proprietary) reported 3,800 shares. DE increased its position in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 418,047 shares. Patterson-UTI Energy's dividend payout ratio (DPR) is presently -5.16%.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.


  • Speaker Paul Ryan: House will pass spending bill if Democrats are onboard

    Speaker Paul Ryan: House will pass spending bill if Democrats are onboard

    Paul came to the Senate in 2009 after defeating a GOP primary opponent that McConnell had actively supported. The budget bill raises military and domestic spending by nearly $300 billion over the next two years.
    US Stock Market Opens Higher After A Tumultuous Week

    US Stock Market Opens Higher After A Tumultuous Week

    Schutte added that corrections can end quickly, and they often do so when investors see evidence of continued economic growth. Several factors are contributing to the return of neck-wrenching volatility this week after years of absence in the market.
    Tesla Reports Its Worst Ever Quarterly Loss After Model 3 Delays

    Tesla Reports Its Worst Ever Quarterly Loss After Model 3 Delays

    Electric vehicles are the future and they're fun to drive due to great handling and acceleration, Rusch said. IBD'S TAKE: Tesla shares on Thursday fell below its 50-day moving average , which can be a bearish signal .
  • Analyst Target Price and Stock Review Acadia Realty Trust (AKR)

    About 2.18M shares traded or 9.52% up from the average. (NYSE:FR) has risen 18.40% since February 9, 2017 and is uptrending. Its up 0.43, from 0.9 in 2017Q2. 109.38 million shares or 2.15% more from 107.07 million shares in 2017Q2 were reported.
    Wall Street plunges again following another day of volatile trading

    Wall Street plunges again following another day of volatile trading

    But Coupe said the volatility showed investors were having difficulty deciding between stocks and bonds at the moment. So far, technology and financial stocks have led advances on the S&P, while industrial stocks helped lift the Dow.
    Cavaliers trade away Wade, Thomas, Rose in dramatic roster overhaul

    Cavaliers trade away Wade, Thomas, Rose in dramatic roster overhaul

    I'm not pointing fingers at Thomas or anyone else in Cleveland because I don't know the true dynamics of that team or locker room. Now, I'm looking forward to seeing who signs where [after buyouts]. "And I'd love Joe Johnson in Houston; I want to see that".
  • Dozens of Trump officials lack full security clearance

    Dozens of Trump officials lack full security clearance

    Even after the allegations surfaced publicly, sources told CNN that Kelly did not urge Porter to resign or seek to force him out. He worked for the Ford Motor Company before joining the administration and also worked for the Justice and Treasury departments.
    Georgia man arrested for allegedly spanking stranger's child in grocery store

    Georgia man arrested for allegedly spanking stranger's child in grocery store

    He paid for his goods and sent his son and the rest his family outside then waited as police arrived to question the man. According to the police report, Martinez had bloodshot eyes and a "strong odor of an alcoholic beverage".
    Cathy, actor from House of Cards, dead at 59

    Cathy, actor from House of Cards, dead at 59

    Reg won his first Emmy Award for his portrayal of Freddy, the owner of Frank Underwood's favorite BBQ restaurant . Franklin Storm (traditionally a white character); having his "children" Sue (Kate Mara) and Johnny (Michael B.
  • Instagram tests

    Instagram tests "Regram" feature that lets users post to Stories

    For example, it introduced a video feature known as "Go Live with" allowing the users to add friends to live broadcasts. As explained by an app developer, Zachary Shakked , he said that you will have options for how you want it to appear.
    Rays owner Stuart Sternberg prefers new stadium in Tampa

    Rays owner Stuart Sternberg prefers new stadium in Tampa

    Sternberg called the Ybor City site "the finest opportunity for baseball to thrive, and it is attractive for several reasons". Petersburg city officials over the right to look for a stadium site outside of the city and Pinellas County.
    Russian nuclear scientists arrested for 'Bitcoin mining plot'

    Russian nuclear scientists arrested for 'Bitcoin mining plot'

    But if you can hatch a plot to use somebody else's computers and electrical power, though, there's a lot more money to be made. The top-secret town was not even marked on Soviet maps and special permits are still required for Russians to visit it.