Patterson-UTI Energy (PTEN) Upgraded to "Sector Outperform" by Scotiabank

The hedge fund run by Ron Gutfleish held 492,005 shares of the energy company at the end of 2017Q3, valued at $10.30M, down from 529,959 at the end of the previous reported quarter. The stock increased 0.02% or $0.005 during the last trading session, reaching $24.705. It is up 32.91% since January 13, 2017 and is uptrending. It has outperformed by 426.35% the S&P500.

Shares of Patterson-UTI Energy, Inc.(NASDAQ:PTEN) have seen a movement of 3.74% in the most recent session. Encompass Capital Advisors Llc sold 403,712 shares as the company's stock declined 16.81% while stock markets rallied. The institutional investor held 145,000 shares of the major banks company at the end of 2017Q3, valued at $10.55 million, up from 135,000 at the end of the previous reported quarter. Rampart Investment Management Company Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $384.53 billion market cap company. About 4.02 million shares traded or 16.52% up from the average. (NYSE:JPM) has risen 33.74% since January 12, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Harvest Capital Strategies Llc, which manages about $1.58B and $523.53 million US Long portfolio, upped its stake in Gigamon Inc (NYSE:GIMO) by 25,000 shares to 175,000 shares, valued at $7.38 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.35 in 2017 Q3. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. It dived, as 65 investors sold JPM shares while 767 reduced holdings. 42 funds opened positions while 81 raised stakes. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported. Pacad Inv reported 0.17% stake. The number of shares now owned by investors are 979.17 mln. Paradigm Asset Management Co. Canada Pension Plan Board invested in 960,623 shares. Lazard Asset Management Limited Liability accumulated 482,160 shares. Amundi Pioneer Asset Mngmt, Massachusetts-based fund reported 108,473 shares. Gluskin Sheff & Assoc Inc. now owns 11,740 shares of the oil and gas company's stock valued at $237,000 after acquiring an additional 780 shares during the period. Amer Century has 5.19 million shares for 0.71% of their portfolio. It has ditched 1.21 million shares. Creative Planning holds 0.01% or 128,798 shares. (NASDAQ:PTEN). Sterling Management Ltd Liability Company has 82,108 shares for 0.02% of their portfolio. Bp Public Ltd Co invested 0.28% in The PNC Financial Services Group, Inc.


Comcast Corporation (NASDAQ:CMCSA) has a market cap of $197.31 billion and over the last 12 months, CMCSA has risen by 18.81%. (NYSE:VEEV). Winfield Assoc invested 0% in Veeva Systems Inc.

Among 16 analysts covering Popular Inc (NASDAQ:BPOP), 13 have Buy rating, 1 Sell and 2 Hold. Therefore 65% are positive. PNC Financial Services had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Friday, July 21 by Citigroup. The firm has "Buy" rating given on Tuesday, January 12 by HSBC. Barrington Research maintained the stock with "Outperform" rating in Friday, November 6 report. Of the 29 analysts surveyed by Reuters that track PTEN 8 of them rate its stock a hold. (NYSE:REIT) on Monday, November 27 with "Hold" rating. The stock has "Buy" rating by Citigroup on Thursday, October 5. Howard Weil downgraded the stock to "Sector Perform" rating in Monday, March 28 report. (NASDAQ:PTEN) rating on Thursday, October 5. The stock of Crown Castle International Corp. The rating was maintained by Evercore on Tuesday, June 6 with "Buy". The firm has "Neutral" rating by Credit Suisse given on Monday, September 11.

Investors sentiment decreased to 1.41 in 2017 Q3. Its up 0.83, from 0.75 in 2017Q2. It is negative, as 40 investors sold PTEN shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. Commercial Bank Of America Corp De reported 4.44M shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 7,448 shares. Massachusetts-based Amundi Pioneer Asset Mngmt has invested 0.1% in Patterson-UTI Energy, Inc. Patterson-UTI Energy, Inc. earnings have declined with an annualized rate of -25% over the last 5 years. Shares of PTEN have uptrended 15.91% in the past three months, while the S&P 500 has moved 3.89% in that time. Axa holds 0.05% or 294,200 shares in its portfolio. Patterson-UTI Energy had a negative net margin of 14.73% and a negative return on equity of 7.31%. (NASDAQ:PTEN). Winch Advisory Llc reported 226 shares stake. Deutsche Bank began coverage on shares of Patterson-UTI Energy in a research report on Tuesday, October 10th. It also reduced Bwx Technologies Inc stake by 183,550 shares and now owns 12,113 shares. (NASDAQ:PTEN) or 10,964 shares. Whittier stated it has 60 shares or 0% of all its holdings. Laurion Cap Management Limited Partnership has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 55,000 shares. Utah Retirement Systems now owns 38,073 shares of the oil and gas company's stock valued at $769,000 after purchasing an additional 8,300 shares during the last quarter. Zacks Investment Research raised shares of Patterson-UTI Energy from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Wednesday, October 11th. Therefore 71% are positive. Patterson-UTI Energy, Inc. On Thursday, August 31 the stock rating was maintained by Jefferies with "Buy". The stock has "Underweight" rating by JP Morgan on Friday, April 15. Schwab Charles Investment Management Inc. lifted its position in Patterson-UTI Energy by 2.1% in the second quarter. (NASDAQ:PTEN) has "Hold" rating given on Wednesday, October 18 by Cowen & Co. In an analyst report issued on 27 October, Patterson-UTI (NASDAQ:PTEN) shares have had their "Hold" Rating kept by analysts at Cowen & Co. Opportunities Mngmt Lc reported 6.06% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has "Market Perform" rating given on Thursday, January 19 by Cowen & Co. (NASDAQ:PTEN) earned "Underperform" rating by Credit Suisse on Wednesday, June 1.

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