As a result, the company has Earnings per Share (EPS) growth of 4700% for the coming year. The hedge fund held 165,524 shares of the energy company at the end of 2017Q4, valued at $3.81M, down from 362,775 at the end of the previous reported quarter. BMO Capital Markets maintained the shares of PTEN in report on Friday, September 4 with "Outperform" rating.
Patterson-UTI Energy, Inc., (NASDAQ: PTEN) exhibits a change of 0% during the last trading, with the company's shares hitting the price near 20.01 on active trading volume of 3643151 contrast its three months average trading volume of 3.94M. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 16, 2017 and is downtrending.
Cutler Investment Counsel Llc decreased its stake in Chevron Corp New Com (CVX) by 9.64% based on its latest 2017Q4 regulatory filing with the SEC. Integral Derivatives Llc sold 79,200 shares as the company's stock declined 15.56% with the market. First National Bank Of Hutchinson who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $111.55B market cap company. The stock decreased 0.32% or $0.32 during the last trading session, reaching $100.03. It has underperformed by 17.05% the S&P500. Arizona State Retirement Sys stated it has 28,411 shares. $739,189 worth of The Procter & Gamble Company (NYSE:PG) was sold by Posada Juan Fernando. Heritage Management invested in 1.58% or 242,757 shares. Looking at some more average volume numbers, the 20 day is 3465580, and the 50 day average volume is noted as 4129232. Pritchard Marc S. sold $668,179 worth of stock or 8,502 shares. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 3,355 shares in the quarter, leaving it with 54,709 shares, and cut its stake in Oil Sts Intl Inc (NYSE:OIS). It also increased its holding in Xlv (Put) (XLV) by 4,100 shares in the quarter, for a total of 26,200 shares, and has risen its stake in Luv (Call) (NYSE:LUV).
A number of large investors have recently modified their holdings of PTEN. PG's profit will be $2.50 billion for 19.79 P/E if the $0.99 EPS becomes a reality.
Investors sentiment increased to 0.89 in 2017 Q4. Its down 0.03, from 1.41 in 2017Q3. It dived, as 47 investors sold ADBE shares while 389 reduced holdings. 69 funds opened positions while 97 raised stakes. Private Com Na has 62,118 shares. Institutional investors own 99.66% of the company's stock. The stock has come back 13.24% weekly shift, because it was maintained at 7.75% in the one month period.
Qvt Financial Lp, which manages about $8.91B and $1.77 billion US Long portfolio, decreased its stake in Carmax Inc (NYSE:KMX) by 101,900 shares to 151,253 shares, valued at $9.70 million in 2017Q4, according to the filing. Macquarie Group Inc holds 0.16% or 3.98M shares in its portfolio. Citigroup maintained the shares of PTEN in report on Thursday, October 5 with "Buy" rating. Phocas Corporation reported 0.75% of its portfolio in Kaiser Aluminum Corporation (NASDAQ:KALU). Market capitalization refers to the entire dollar market cost of a company's outstanding shares. 989,375 are owned by Coho Ptnrs Limited. Blackrock Inc, New York-based fund reported 2.18M shares. Rbf Limited Liability Co holds 60,100 shares. (NASDAQ:PTEN). 55,053 were reported by Parkwood Ltd. Boys Arnold Communication has 1.29% invested in The Procter & Gamble Company (NYSE:PG) for 93,623 shares. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. Therefore 71% are positive. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The firm set a "hold" rating on the stock. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. (NYSE:PWR) earned "Buy" rating by Stifel Nicolaus on Sunday, December 10. (NASDAQ:PTEN) rating on Friday, October 23. On Friday, November 3 the rating was maintained by RBC Capital Markets with "Buy". Susquehanna has "Positive" rating and $20 target. On Tuesday, August 29 the stock rating was maintained by Jefferies with "Buy".
Since March 13, 2018, it had 0 buys, and 1 sale for $194,600 activity. 35,562 were accumulated by Proshare Advsr Ltd. Ameritas Invest Partners holds 0.14% of its portfolio in Patterson-UTI Energy, Inc. That suggests something of the likelihood of a short squeeze in shares of PTEN. The Scout Investments Inc holds 761,119 shares with $17.51M value, up from 350,550 last quarter. After $-0.10 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -10.00% EPS growth. (NASDAQ:PTEN). Utd Services Automobile Association stated it has 0.03% in Patterson-UTI Energy, Inc. Therefore 80% are positive. Jefferies maintained it with "Buy" rating and $2800 target in Monday, June 26 report. The firm has "Outperform" rating by Wells Fargo given on Monday, January 11. On Thursday, February 15 the rating was maintained by Guggenheim with "Buy". Finally, Falcon Point Capital LLC acquired a new position in shares of Patterson-UTI Energy during the fourth quarter valued at about $222,000. The rating was maintained by BMO Capital Markets on Wednesday, November 22 with "Sell". The rating was maintained by Cowen & Co with "Hold" on Wednesday, October 11. FBR Capital initiated the stock with "Market Perform" rating in Thursday, June 23 report. The perception is that the lower the P/E, the higher will be the value of the stock. (NASDAQ:PTEN) for 72,750 shares.
If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it. Narrowing in a bit closer, the 5 month price index is 1.01570, the 3 month is 0.83319, and the 1 month is now 1.07754.