Patterson-UTI Energy (NASDAQ:PTEN) Loses "Buy" Rating
- Author: Zachary Reyes Jun 23, 2017,
Jun 23, 2017, 19:54
On average, analysts predict that Patterson-UTI Energy, Inc. will post ($1.06) earnings per share for the current fiscal year. It has outperformed by 16.21% the S&P500. INWK's SI was 1.37M shares in June as released by FINRA. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The SI to Innerworkings Incorporated's float is 2.96%. The stock decreased 0.24% or $0.22 during the last trading session, reaching $89.67. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. It has underperformed by 28.95% the S&P500. The Market Capitalization of the company stands at 4.03 Billion. The Company's divisions include Contract Drilling, Pressure Pumping and Other operations.
The forward P/E ratio stands at 458.60. The Firm operates under The Rite Aid name.
Among 5 analysts covering YY Inc (NASDAQ:YY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 54% are positive. Inc. had 106 analyst reports since July 22, 2015 according to SRatingsIntel. Instinet upgraded the stock to "Buy" rating in Wednesday, April 5 report. As per Monday, February 27, the company rating was downgraded by Citigroup. Raymond James initiated the stock with "Market Perform" rating in Thursday, June 23 report. The rating was maintained by Cowen & Co with "Outperform" on Friday, July 29. The rating was upgraded by Vetr on Friday, August 14 to "Buy". (NASDAQ:PTEN) has "Overweight" rating given on Wednesday, January 4 by KeyBanc Capital Markets. (NASDAQ:PTEN) on Monday, June 20 with "Sector Perform" rating. Piper Jaffray downgraded Ameris Bancorp (NASDAQ:ABCB) on Tuesday, April 26 to "Neutral" rating. On Wednesday, December 7 the stock rating was upgraded by JP Morgan to "Neutral". Citigroup maintained the shares of PTEN in report on Monday, October 5 with "Neutral" rating. On Friday, August 14 the stock rating was maintained by Wood with "Outperform". Woodmont Investment Counsel Limited Liability Corporation invested in 0.1% or 486 shares. Its up 0.01, from 0.96 in 2016Q3. It dropped, as 13 investors sold InnerWorkings, Inc. shares while 46 reduced holdings. 45 funds opened positions while 52 raised stakes. Brown Advisory, a Maryland-based fund reported 8,865 shares. Cambridge Invest Research Advsrs owns 16,208 shares or 0.03% of their United States portfolio. The Mutual Of America Capital Management Llc holds 18,677 shares with $1.78 million value, down from 31,854 last quarter. The Indiana-based Kirr Marbach & Limited Liability Corp In has invested 0.02% in Rite Aid Corporation (NYSE:RAD). The stock increased 0.36% or $0.07 during the last trading session, reaching $19.52. Prelude Cap Management Limited Liability Company invested in 0.01% or 8,200 shares. D E Shaw, New York-based fund reported 111,102 shares. Morgan Stanley maintained Amazon.com, Inc. State Of New Jersey Common Pension Fund D holds 121,000 shares. Kanaly has invested 0.02% in Genuine Parts Company (NYSE:GPC). Baldwin Brothers Ma accumulated 235 shares. Deutsche National Bank Ag invested in 0% or 66,771 shares. Manufacturers Life Insurance Communications The owns 397,011 shares for 0.02% of their portfolio. Alliancebernstein Limited Partnership has 0.02% invested in Genuine Parts Company (NYSE:GPC) for 265,393 shares.
When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its down 0.16, from 0.88 in 2016Q3. After having $-0.42 EPS previously, Patterson-UTI Energy, Inc.'s analysts see -26.19% EPS growth. 157 funds opened positions while 606 raised stakes. The company has its outstanding shares of 211.97 million. Wells Fargo & Mn holds 0.05% or 5.48M shares. Encompass Capital Lc invested in 1.84% or 370,000 shares. Virginia Retirement Et Al stated it has 82,800 shares.
Intrepid Capital Management Inc holds 6.12% of its portfolio in Patterson-UTI Energy, Inc. for 516,450 shares.
Raymond James Financial Services Advisors Inc. increased its stake in Patterson-UTI Energy, Inc.
The share price of the company (NASDAQ:PTEN) was up +0.36%, with a high of 19.93 during the day and the volume of Patterson-UTI Energy, Inc. shares traded was 4138401. Blackrock Grp reported 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Dupont Cap Mgmt Corporation reported 22,802 shares. Northcoast Asset Management Limited Liability reported 3,347 shares. Oppenheimer maintained the shares of YHOO in report on Wednesday, October 21 with "Outperform" rating.
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