The hedge fund held 142,000 shares of the semiconductors company at the end of 2017Q3, valued at $4.37M, down from 170,000 at the end of the previous reported quarter. The company shares sank -17% from their peak of $29.76 and now has a $5.48 billion market value of equity. The stock increased 3.74% or $0.89 during the last trading session, reaching $24.7. About 87.08 million shares traded or 7.11% up from the average.
Patterson-UTI Energy, Inc. has a 52 week low of $11.81 and a 52 week high of $29.56. It has outperformed by 19.67% the S&P500. Illinois-based First Tru Advisors Limited Partnership has invested 0.01% in Patterson-UTI Energy, Inc. Elm Ridge Management Llc sold 37,954 shares as the company's stock declined 16.81% while stock markets rallied. Comerica Bank now owns 145,622 shares of the oil and gas company's stock valued at $2,793,000 after acquiring an additional 1,412 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Patterson-UTI Energy by 2.1% during the 2nd quarter. It has outperformed by 16.21% the S&P500.
The investor is now holding $5.38 million shares due in part to a decrease of 1.5 million new shares in their portfolio. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.23. It worsened, as 40 investors sold PTEN shares while 64 reduced holdings.
Several hedge funds have recently made changes to their positions in PTEN. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Alliancebernstein LP has 0.02% invested in Patterson-UTI Energy, Inc. The number of shares now owned by investors are 221.79 mln.More news: Toyota, Lexus to Include Amazon Alexa in Select Models
Zurcher Kantonalbank Zurich Cantonalbank, which manages about $10.75 billion US Long portfolio, upped its stake in Abbvie Inc (NYSE:ABBV) by 49,118 shares to 539,799 shares, valued at $47.97 million in 2017Q3, according to the filing.
Patterson-UTI Energy, Inc is an oilfield services company. Ontario - Canada-based Royal Bancorp Of Canada has invested 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Estabrook Mgmt reported 500 shares or 0% of all its holdings. (NASDAQ:PTEN). Employees Retirement Of Texas owns 220,000 shares for 0.06% of their portfolio. Nuveen Asset Lc invested in 0.02% or 22,974 shares. Cubist Systematic Strategies Limited Liability Com has 0.06% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has gone weaker by -12.47%. The company has volume of 4.01 Million shares. Symphony Asset Mngmt Ltd Llc holds 32,268 shares.
The average 1-year price target for Patterson-UTI Energy, Inc. (NYSE:HBM) to report earnings on February, 28. The oil and gas company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.04. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.
According to reports, the stock price of Patterson-UTI gained 0.56 or +2.43% in 2017 and in the past period of three months the shares have appreciated +2.53 or +12.02%. As per Wednesday, September 9, the company rating was downgraded by Tudor Pickering. Patterson-UTI Energy earned a coverage optimism score of 0.19 on Accern's scale. (NASDAQ:PTEN) for 120,950 shares. Piper Jaffray maintained the shares of PTEN in report on Tuesday, September 5 with "Buy" rating. The company was maintained on Friday, July 21 by Citigroup. Cap Global Invsts invested in 13.21M shares. The firm has "Neutral" rating by Credit Suisse given on Monday, July 17. (NASDAQ:PTEN) on Friday, October 27 with "Hold" rating. (NYSE:HBM) earned "Hold" rating by Canaccord Genuity on Thursday, August 6. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, April 19. They expect $0.48 EPS, up 9.09% or $0.04 from last year's $0.44 per share. Tokio Marine Asset Management Commerce Ltd reported 0.17% stake.More news: Can Liverpool Halt City's Unbeaten Run?
Investors sentiment increased to 1.03 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. 115 funds opened positions while 470 raised stakes. Tower Cap Llc (Trc) holds 0.13% or 65,191 shares. Homrich And Berg owns 177,637 shares. Winch Advisory Ser holds 0% or 226 shares. State Bank Of America De reported 4.44 million shares. Credit Suisse Ag accumulated 269,994 shares. Magnetar Fincl Ltd Limited Liability Company reported 179,500 shares. Acadian Asset Ltd Liability invested in 8,758 shares. Investors of record on Thursday, December 7th were issued a dividend of $0.02 per share. Pettyjohn Wood & White owns 63,815 shares or 0.91% of their United States portfolio.
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Since August 21, 2017, it had 0 insider purchases, and 2 insider sales for $1.12 million activity. Shares for $83,175 were sold by BACON KENNETH J on Friday, September 15. (NASDAQ:PTEN) has "Buy" rating given on Tuesday, February 14 by Guggenheim.
Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 71% are positive. Capstone Investment Advisors Ltd Liability Company invested 0.02% of its portfolio in Patterson-UTI Energy, Inc. They set a "buy" rating and a $25.00 target price for the company. The rating was maintained by Jefferies on Tuesday, June 6 with "Buy". The stock now has a consensus rating of "Buy" and an average target price of $27.40. Wells Fargo maintained Comcast Corporation (NASDAQ:CMCSA) on Monday, October 23 with "Buy" rating. It is up 32.91% since January 13, 2017 and is uptrending. Insiders own 4.60% of the company's stock.More news: Ribery strikes as Bayern go 14 points clear