Patterson-UTI Energy (PTEN) Coverage Initiated at Stephens

A Bit Overly Ripe For Owning: Vascular Biogenics Ltd. (VBLT), Patterson-UTI Energy, Inc. (PTEN)

Here's Why These Stocks are in the Spotlight: Patterson-UTI Energy, Inc. (PTEN), B2Gold Corp. (BTG)

Williams Jones & Associates Llc who had been investing in Eaton Corp Plc Shs for a number of months, seems to be less bullish one the $37.12B market cap company. The stock decreased 0.12% or $0.12 during the last trading session, reaching $103.57. About 2.40 million shares traded or 33.80% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since January 12, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Glg Partners Lp increased Patterson Uti Energy Inc (PTEN) stake by 250.62% reported in 2017Q3 SEC filing. Riverhead Capital Management LLC now owns 10,053 shares of the oil and gas company's stock worth $203,000 after purchasing an additional 4,653 shares in the last quarter. The hedge fund run by Todd J. Kantor held 275,000 shares of the energy company at the end of 2017Q3, valued at $5.76M, down from 678,712 at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Patterson for a number of months, seems to be bullish on the $5.49 billion market cap company. The Montgomery Investment Management Inc holds 22,161 shares with $2.99 million value, down from 24,711 last quarter.

As regular trading ended, Patterson-UTI Energy, Inc. It has outperformed by 426.35% the S&P500. Mesirow Fin Investment Mngmt holds 1.06M shares.

Investors sentiment increased to 1.35 in 2017 Q3. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.16. It is positive, as 46 investors sold CCI shares while 172 reduced holdings. Cleararc Cap Inc reported 1.84% of its portfolio in Crown Castle International Corp. Woodstock holds 49,614 shares. The stock of Hudbay Minerals Inc. Wealth Architects Llc has 8,668 shares. Bp Public Ltd Co invested 0.28% in The PNC Financial Services Group, Inc. Pettee has 99,001 shares. Company insiders own 4.60% of the company's stock. The number of shares now owned by investors are 979.17 mln. First Manhattan holds 193,000 shares. Farmers Merchants Investments accumulated 0% or 138 shares. Summit Asset Management Limited Liability Corp holds 2,275 shares. Wellington Management Grp Limited Liability Partnership accumulated 35.54M shares. Therefore 50% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, October 14, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Credit Suisse on Monday, October 16 with "Neutral". The firm has a market cap of $5,494.38, a P/E ratio of -15.94 and a beta of 1.09. The rating was upgraded by Piper Jaffray to "Overweight" on Wednesday, June 29. The stock has "Buy" rating by SunTrust on Wednesday, October 18. Keefe Bruyette & Woods downgraded JPMorgan Chase & Co. The firm has "Buy" rating by Needham given on Monday, January 4. (NASDAQ:BPOP) has "Hold" rating given on Monday, February 6 by Jefferies. Macquarie Research initiated the stock with "Neutral" rating in Friday, January 8 report. $2.70 million worth of stock was sold by Aristeguieta Francisco on Thursday, August 10. Patterson-UTI Energy accounts for 2.6% of Sicart Associates LLC's portfolio, making the stock its 9th largest position. (NASDAQ:PTEN). Affinity Inv Ltd Co owns 69,722 shares or 0.17% of their USA portfolio. During the same quarter in the previous year, the firm posted ($0.58) EPS. JENNISON ASSOCIATES LLC also announced decreased position in Patterson-UTI Energy, Inc. The analyst recommendations from a month ago are 16 Buy, 1 Overweight, 0 Sell, 0 Hold and 0 Underweight. Therefore 71% are positive.

Equities researchers at Jefferies Group raised their Q4 2018 EPS estimates for shares of Patterson-UTI Energy in a research note issued on Thursday, according to Zacks Investment Research. The firm has "Buy" rating given on Wednesday, August 31 by Stifel Nicolaus. (NASDAQ:PTEN) has "Hold" rating given on Wednesday, October 18 by Cowen & Co. CLSA maintained the stock with "Buy" rating in Friday, September 23 report.

Analysts await Hudbay Minerals Inc. They issued a buy rating and a $25.00 target price for the company. Cowen & Co downgraded the shares of PTEN in report on Thursday, January 19 to "Market Perform" rating. As per Friday, July 29, the company rating was maintained by Cowen & Co. With 2.65M avg volume, 5 days are for Patterson-uti Energy Incorporated (NASDAQ:PTEN)'s short sellers to cover PTEN's short positions. The rating was maintained by Piper Jaffray with "Buy" on Thursday, July 27. The stock is performing -5.16% year to date. It also reduced its holding in Apple Inc Com Stk (NASDAQ:AAPL) by 3,853 shares in the quarter, leaving it with 80,420 shares, and cut its stake in Home Depot Inc Com Stk (NYSE:HD).

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.06, from 0.93 in 2017Q2. It worsened, as 40 investors sold PTEN shares while 64 reduced holdings. (PTEN) worth $128.14 million at the end of the most recent reporting period. (NASDAQ:BPOP). Meeder Asset Mngmt holds 0.17% or 42,582 shares in its portfolio. (NASDAQ:PTEN) for 171,755 shares. M&T Financial Bank Corporation holds 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 158,624 shares. Connecticut-based Timber Hill Limited Liability Co has invested 0.02% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Horizon Kinetics Limited Liability Corporation holds 493,742 shares. Wealthtrust Axiom Ltd Company invested in 0.21% or 4,126 shares.

Investors may also want to take a longer-term look at company shares. Voya Inv Mgmt Ltd Company reported 253,425 shares. Royal Retail Bank Of Canada owns 0% invested in Patterson-UTI Energy, Inc. Nippon Life Global Invsts Americas, New York-based fund reported 19,750 shares. Massachusetts Svcs Comm Ma stated it has 720,758 shares or 0.01% of all its holdings. Teachers Retirement Of The State Of Kentucky reported 0.02% of its portfolio in Patterson-UTI Energy, Inc. Principal Fincl Group Inc holds 0% or 14,456 shares in its portfolio.

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