Short Interest in Patterson-UTI Energy, Inc. (PTEN) Decreases By 14.8%

Sheri Evans
January 13, 2018

The stock increased 3.74% or $0.89 during the last trading session, reaching $24.7. It has outperformed by 19.67% the S&P500. JENNISON ASSOCIATES LLC also announced decreased position in Patterson-UTI Energy, Inc. Encompass Capital Advisors Llc sold 403,712 shares as the company's stock declined 16.81% while stock markets rallied. The hedge fund run by Ron Gutfleish held 492,005 shares of the energy company at the end of 2017Q3, valued at $10.30 million, down from 529,959 at the end of the previous reported quarter. Patterson-UTI Energy, Inc. The firm has a market cap of $5,490.00, a price-to-earnings ratio of -15.94 and a beta of 1.08. The last close places the company's stock about $5.06 off its 52 week high of $29.76 and $9.87 above the 52 week low of $14.83. Announces Proposed Private Debt Offering" published on January 05, 2018, Prnewswire.com published: "Patterson-UTI Energy, Inc. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. (NASDAQ:PTEN). Voya Management Ltd Limited Liability Company invested in 0.01% or 253,425 shares. Atlanta Capital Management Co L L C, a Georgia-based fund reported 3.55 million shares. After having $-0.16 EPS previously, Patterson-UTI Energy, Inc.'s analysts see -50.00% EPS growth.

W&T Offshore, Inc. insiders have sold a net of -370,765 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook. (NASDAQ:PTEN). Investec Asset Management Ltd has 0.05% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Estabrook Mgmt reported 500 shares or 0% of all its holdings. Aperio Ltd Llc holds 0.01% or 122,280 shares in its portfolio. Blackrock holds 0.02% in Patterson-UTI Energy, Inc. Schwab Charles Investment Management Inc. now owns 609,049 shares of the oil and gas company's stock worth $12,297,000 after buying an additional 12,593 shares during the period. About 257,578 shares traded. Systematic Management Ltd Partnership stated it has 164,675 shares or 0.07% of all its holdings.

Analysts await Hudbay Minerals Inc. (NASDAQ:PTEN) to report earnings on February, 8. During the same quarter in the previous year, the company earned ($0.58) EPS.

Patterson-UTI Energy (NASDAQ:PTEN) last released its quarterly earnings results on Thursday, October 26th. Therefore 40% are positive. Credit Suisse Group upped their price objective on shares of Patterson-UTI Energy from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, October 27th. The firm has "Buy" rating by Drexel Hamilton given on Wednesday, November 29. More interesting news about Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 128,000 shares. The company was initiated on Friday, January 8 by Macquarie Research. The rating was maintained by Jefferies on Friday, July 28 with "Buy". The firm has "Hold" rating by Cowen & Co given on Friday, July 7. On Monday, October 24 the stock rating was downgraded by Atlantic Securities to "Neutral". Citigroup maintained it with "Buy" rating and $24 target in Thursday, October 5 report. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, April 19. Btg Pactual Global Asset Management Ltd acquired 5,000 shares as Time Warner Inc (TWX)'s stock rose 1.19%. They expect $0.48 EPS, up 9.09% or $0.04 from last year's $0.44 per share. TSEM's profit will be $54.92 million for 15.53 P/E if the $0.56 EPS becomes a reality. Parkwood Lc reported 97,924 shares or 0.31% of all its holdings.

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Investors sentiment decreased to 0.87 in Q3 2017. Its up 0.02, from 1.01 in 2017Q2. It dived, as 65 investors sold JPM shares while 767 reduced holdings. Geosphere Management holds 7.7% or 140,000 shares in its portfolio. Hollencrest Secs Ltd Liability Corporation owns 7,235 shares or 0.04% of their USA portfolio. Leavell Inv invested in 0.06% or 25,000 shares. Van Wyk Steven C. sold $675,000 worth of stock or 5,000 shares. (NASDAQ:PTEN). Van Eck Associate Corp accumulated 10.18M shares. It has ditched 1.21 million shares. At Bancorporation, a Iowa-based fund reported 6,400 shares. Canada Pension Plan Board invested in 960,623 shares. Sand Hill Glob Advsrs Limited Company, a California-based fund reported 70,054 shares. Gmt has 363,800 shares for 0.74% of their portfolio.

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Since August 7, 2017, it had 0 insider buys, and 5 sales for $23.18 million activity. (NASDAQ:PTEN) for 66,280 shares. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. Therefore 71% are positive. Glenmede Na has invested 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned "Underperform" rating by Credit Suisse on Wednesday, June 1. As per Tuesday, September 1, the company rating was downgraded by Wells Fargo. Jefferies maintained the shares of PTEN in report on Thursday, July 13 with "Buy" rating. Atlantic Securities upgraded the stock to "Overweight" rating in Monday, January 18 report. The rating was maintained by Piper Jaffray with "Buy" on Thursday, July 27. General Electric Company (NYSE:GE) has declined 4.46% since January 13, 2017 and is downtrending. The stock has "Buy" rating by SunTrust on Wednesday, October 18.

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