1.38 is Patterson Uti Energy Inc’s (NASDAQ:PTEN) Big Money Sentiment

May 3, 2018 - By Mark Williams

Patterson Uti Energy Inc’s Sentiment

In Q4 2017 Patterson Uti Energy Inc (NASDAQ:PTEN) big money sentiment decreased to 1.38, SEC.gov filings reveal. That’s down -0.03, from 2017Q3’s 1.41. 143 investment professionals opened new or increased holdings, while 104 decreased and sold their stock positions in Patterson Uti Energy Inc so the sentiment has worsened. These funds own 212.21 million shares, that’s up from 207.11 million shares in 2017Q3. Funds holding Patterson Uti Energy Inc in top 10 increased from 7 to 8 for an increase of 1. 20 Investors Sold All; 84 Reduced Holdings; 94 increased holdings while 49 investment professionals bought holdings.

Most Patterson Uti Energy Inc Shareholders

As of Q4 2017 Brenham Capital Management L.P. has 6.97% invested in Patterson Uti Energy Inc. As of Q4 2017, 389,850 shares of Patterson Uti Energy Inc are owned by Energy Opportunities Capital Management Llc. Moreover, Elm Ridge Management Llc reported 492,005 shares in Patterson Uti Energy Inc equivalent to 5.07% of its stocks portfolio. Kahn Brothers Group Inc De revealed 1.39 million shares position in Patterson Uti Energy Inc. The Florida-based fund Intrepid Capital Management Inc holds 579,915 shares or 5.02% of their stocks portfolio.

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.The company has $4.79 billion market cap. 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.745.86 is the P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Ticker’s shares touched $21.63 during the last trading session after 0.92% change.Currently Patterson-UTI Energy, Inc. is downtrending after 24.28% change in last May 3, 2017. PTEN has also 202,826 shares volume. PTEN underperformed by 35.83% the S&P500.

Alphaone Invest Ltd Limited Liability Company stated it has 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Qvt Fin Lp has invested 0.38% of its capital in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Gamco Incorporated Et Al accumulated 26,500 shs or 0% of the stock. Oceanic Invest Mngmt Ltd owns 165,524 shs or 3.56% of their US capital. Tph Asset Mngmt Limited Com holds 0.49% or 216,149 shs. Schwab Charles Inv Mgmt Inc has 0.02% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 871,319 shs. Energ Opportunities Cap Mngmt Ltd Liability invested 6.2% of its capital in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Syntal Cap Prtnrs Limited holds 20,995 shs or 0.15% of its capital. Millennium Llc reported 4.06 million shs. Strs Ohio stated it has 0.19% of its capital in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Moreover, State Treasurer State Of Michigan has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 80,000 shs. Smithfield Commerce has 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Alliancebernstein Lp reported 0.02% stake. Metropolitan Life Insurance Communications Ny has 0.06% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Pnc Financial Services Gru Inc Inc holds 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 29,231 shs.

Patterson-UTI Energy, Inc. registered $194,600 net activity with 0 insider buys and 1 insider sale since March 13, 2018.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Ratings Coverage

In total 10 analysts cover Patterson-UTI (NASDAQ:PTEN). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. 70% are bullish. 16 are the (NASDAQ:PTEN)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Monday, February 12 the firm has “Hold” rating given by Seaport Global. On Friday, February 9 the stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Hold” rating by BMO Capital Markets. On Monday, February 12 the firm earned “Market Perform” rating by BMO Capital Markets. On Thursday, February 8 the firm has “Buy” rating given by Jefferies. On Thursday, February 15 the firm has “Buy” rating by Guggenheim given. On Thursday, April 19 the company was downgraded by Societe Generale. On Friday, February 9 the company was maintained by Citigroup. The stock rating was maintained by Citigroup with “Buy” on Monday, April 30. The company rating was maintained by Cowen & Co on Thursday, January 11. In Monday, January 15 report BMO Capital Markets maintained it with “Hold” rating and $27.0 target.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Investors Chart

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