Published: Sat, February 10, 2018
Business | By Max Garcia

Analysts Ratings for Patterson-UTI Energy Inc. (PTEN)


The Altman Z-score is the output of a credit-strength test that gauges a publicly traded manufacturing company's likelihood of bankruptcy. Alyeska Investment Group L.P. acquired a new stake in Patterson-UTI Energy in the third quarter valued at approximately $67,664,000. Patterson-UTI Energy Inc had 99 analyst reports since July 28, 2015 according to SRatingsIntel. The average 1 year target price among brokerages that have covered the stock in the last year is $26.13. Van Den Berg I holds 0.17% of its portfolio in Patterson-UTI Energy, Inc. In terms of recent stock price activity, shares have managed to hit a high of 12.92 while seeing a low of 12.68. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value. (NASDAQ:PTEN) for 72,630 shares. Cowen set a $24.00 price target on Patterson-UTI Energy and gave the company a "hold" rating in a research report on Wednesday, October 18th.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its earnings results on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company. $22.35's average target is 24.10% above currents $18.01 stock price. PA bought a new stake in shares of Patterson-UTI Energy in the 4th quarter valued at $242,000. The day started at a price of $5.69 but then traded as high as $5.798 before giving part of the gains back.

Monroe Capital Corporation is a business development firm specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. Patterson-UTI Energy Inc. (NASDAQ:PTEN) has a 20-Day average volume of 3.94 Million. The firm has "Market Perform" rating by Wells Fargo given on Tuesday, September 1. The oil and gas company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The Return on Equity (ROE) value stands at -8.8%.

The company's Average Revenue Estimate for the current quarter is $794.07 Million, while Low and High Revenue Estimates are $722.94 Million and $852.64 Million respectively. During the same quarter previous year, the firm earned ($0.53) EPS.

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. Stockholders of record on Thursday, March 8th will be paid a $0.02 dividend. Now it is offering a dividend yield of 0.37% and a 5 year dividend growth rate of -4.36%. Ironwood Mngmt Ltd Liability Company has invested 0.2% in Patterson-UTI Energy, Inc.

In other Patterson-UTI Energy news, Director Tiffany J. Thom sold 2,574 shares of the firm's stock in a transaction dated Tuesday, January 2nd. After a recent scan, we have seen that the 50-day MA vs Price signal is providing a reading of Sell. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.60% of the company's stock.

TRADEMARK VIOLATION NOTICE: This article was published by StockNewsTimes and is the property of of StockNewsTimes. Prudential Fincl stated it has 0% in Patterson-UTI Energy, Inc. Goldman Sachs downgraded the shares of PTEN in report on Friday, December 16 to "Neutral" rating. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and global copyright law. The legal version of this story can be accessed at https://www.truebluetribune.com/2018/02/09/heartland-advisors-inc-buys-224091-shares-of-patterson-uti-energy-inc-pten.html.

Patterson-UTI Energy Inc. (PTEN)'s mean Altman Z-Score: 2.36 during the last 7 years. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs. The companyÂ's Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada.

Like this: