Patterson-UTI Energy, Inc. (PTEN): Overbought Stock Of Yesterday


The stock has a beta value of 1.08.

About 2.06 million shares traded.

Shares of KB Home (NYSE:KBH) are making a strong comeback as they have jumped 93.31% since bottoming out at $14.06 on November 02, 2016. It has underperformed by 16.70% the S&P500. (NASDAQ:PTEN). Woodstock reported 19,735 shares stake. Wealth Enhancement Advisory Services Llc acquired 14,005 shares as Hartford Finl Svcs Group Inc (HIG)'s stock rose 0.12%. The stock declined 0.16% or $0.09 reaching $55.78 on the news.

Traders might be following the technicals on shares of Grupo Simec S.A. De C.V (SIM). after a recent check, we have noticed that the PPOH level is now below zero. It has outperformed by 16.21% the S&P500. Northern Trust owns 1.58 million shares for 0.01% of their portfolio. 16,499 are owned by Eqis Cap Mgmt. On Wednesday, April 5 the stock rating was upgraded by Nomura to "Buy". This estimate is provided by 21 analysts. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. The company maintains price to book ratio of 1.19. The stock has "Underweight" rating by Barclays Capital on Thursday, May 19.

The stock is now showing YTD performance of -20.84 Percent.

Analysts await Target Corporation (NYSE:TGT) to report earnings on November, 15. The oil and gas company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.02. Analysts forecast EPS of $-0.18, up exactly $0.40 or 68.97 % from 2014's $-0.58 EPS. While in the same Quarter Previous year, the Actual EPS was $-0.57.

Among 30 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 56% are positive. Glenmede Trust Na has 0% invested in Patterson-UTI Energy, Inc.

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On June 21 the company was downgraded from "Neutral" to "Neutral" in an announcement from Seaport Global. Jefferies Group LLC set a $26.00 target price on Patterson-UTI Energy and gave the stock a "buy" rating in a research note on Saturday, July 29th. (NASDAQ:PTEN) earned "Neutral" rating by Citigroup on Monday, October 5. The rating was upgraded by Guggenheim to "Buy" on Tuesday, February 14. Cowen & Co maintained the shares of PTEN in report on Friday, July 7 with "Hold" rating. BlackRock Inc. boosted its holdings in shares of Patterson-UTI Energy by 11,291.0% during the 1st quarter. Narrowing in a bit closer, the 5 month price index is 0.96563, the 3 month is 1.03746, and the 1 month is now 1.22059. The firm earned "Buy" rating on Tuesday, September 5 by Piper Jaffray.

Idera Pharmaceuticals, Inc. (NASDAQ:IDRA) touched its 1-Year High price of $2.87 on 10/11/17 and its 1-Year Low price of $1.30 on 01/31/17. (NASDAQ:PTEN) was unstated value.

Investors sentiment increased to 1.66 in Q2 2017. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. 52 funds opened positions while 122 raised stakes. The institutional investors in our partner's database now hold: 200.72 million shares, up from 174.43 million shares in 2017Q1. Advsr Asset has 70,544 shares for 0.02% of their portfolio.

Tudor Investment Corp ET AL increased its stake in Patterson-UTI Energy, Inc. The company holds 208.44 million outstanding shares and 208.44 million shares are floating in market.

The Leverage Ratio of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 723,355 shares. 144,880 are owned by Balyasny Asset Limited Liability.

This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its earnings results on Thursday, July 27th. Cubist Systematic Strategies Limited Co, a Connecticut-based fund reported 27,213 shares. 2,600 are held by Ranger Mngmt L P. 153,132 are owned by Bokf Na. The dividend payment was $0.020 per share for the quarter or $0.08 on an annualized basis. (NASDAQ:PTEN). First Pacific Advsr Limited Liability Com holds 0.27% of its portfolio in Patterson-UTI Energy, Inc.