Short Interest in Patterson-UTI Energy, Inc. (PTEN) Decreases By 14.8%

Joanna Estrada
January 13, 2018

The Tygh Capital Management Inc holds 89,002 shares with $1.86 million value, down from 107,324 last quarter. The company with a market cap of $5.30 billion received an interesting score from the analysts. The stock decreased 0.51% or $0.05 during the last trading session, reaching $9.7. About 978,426 shares traded or 7.90% 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 18.44% the S&P500.

Mark Travis decreased its stake in Patterson Uti Energy Inc Com (PTEN) by 29.83% based on its latest 2017Q3 regulatory filing with the SEC. Riverhead Capital Management LLC now owns 10,053 shares of the oil and gas company's stock worth $203,000 after buying an additional 4,653 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Patterson-UTI Energy by 2.1% during the 2nd quarter. (The) reissued a "neutral" rating and set a $32.00 price target on shares of Patterson-UTI Energy in a research report on Wednesday, January 25th. It has outperformed by 22.83% the S&P500.

Investors sentiment decreased to 1.41 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 turned negative, as 112 investors sold GE shares while 818 reduced holdings. Atlanta Capital Management Co L L C, a Georgia-based fund reported 3.55 million shares. Ironwood Investment Mgmt Ltd Co invested 0.2% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Virginia Retirement Et Al owns 726,158 shares or 0.84% of their United States portfolio. Finally, Jefferies Group set a $26.00 target price on shares of Patterson-UTI Energy and gave the stock a "buy" rating in a report on Thursday, October 5th.

COPYRIGHT VIOLATION WARNING: "Patterson-UTI Energy (PTEN) Earns News Impact Rating of 0.19" was originally reported by Week Herald and is owned by of Week Herald. (NASDAQ:PTEN). Kazazian Asset Limited Com reported 20,000 shares stake. Geode Cap Limited Com invested in 0.24% or 4.73M shares. Dodge Cox invested in 0.02% or 870,606 shares. Patterson-UTI Energy has an average rating of "Buy" and a consensus target price of $27.40. The NASDAQ-listed company saw a recent bid of $24.70 on volume of 4.01 million shares. About 2.76 million shares traded. 110,539 are held by Valueworks Ltd Com. Symphony Asset Mngmt Ltd Llc holds 32,268 shares.

Patterson-UTI Energy Inc. has distance from 20-day Simple Moving Average (SMA20) of 9.28%, Distance from 50-Day Simple Moving Average of SMA50 percent and Distance from 200-Day Simple Moving Average of 20.49%. (NYSE:HBM) to report earnings on February, 28.

Sell-side analyst recommendations point to a short term price target of $25.26 on the shares of Patterson-UTI Energy, Inc. Therefore 40% are positive. That's a potential 2.27 increase relative to where Patterson-UTI Energy, Inc. Lazard Asset Management LLC acquired a new position in Patterson-UTI Energy during the third quarter worth $154,000. (NASDAQ:PTEN) for 120,950 shares. The company was maintained on Friday, September 15 by Jefferies. J.P. Morgan upgraded it to "Buy" rating and $24.0 target in Tuesday, September 5 report.

Vascular Biogenics maintained at an average outperform rating by 4 stock analysts, and there are at least 3.21% of shares outstanding that are now legally short sold. The firm has "Hold" rating by Cowen & Co given on Friday, July 7. On Monday, February 22 the stock rating was downgraded by Portales Partners to "Underperform". The firm earned "Hold" rating on Thursday, August 10 by Cowen & Co. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, April 19. Montgomery Investment Management Inc sold 2,550 shares as Pnc Financial Services Group I (PNC)'s stock declined 6.38%. It also increased its holding in Radius Health Inc (NASDAQ:RDUS) by 250,000 shares in the quarter, for a total of 3.94 million shares, and has risen its stake in Time Warner Inc (NYSE:TWX). They expect $0.48 EPS, up 9.09% or $0.04 from last year's $0.44 per share. HBM's profit will be $43.92M for 14.26 P/E if the $0.17 EPS becomes a reality. After $0.60 actual EPS reported by Tower Semiconductor Ltd. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth.

Investors sentiment increased to 1.03 in Q3 2017. Its down 0.06, from 0.93 in 2017Q2. It is positive, as 46 investors sold CCI shares while 172 reduced holdings. 115 funds opened positions while 470 raised stakes. Geosphere Management holds 7.7% or 140,000 shares in its portfolio.

Winch Advisory Services Llc, which manages about $228.69M and $153.74M US Long portfolio, upped its stake in Vanguard Emerging Markets Etf (VWO) by 52,385 shares to 167,308 shares, valued at $7.29 million in 2017Q3, according to the filing. State Bank Of America De reported 4.44 million shares. Invesco has invested 0.36% in Crown Castle International Corp. Schwartz Invest Counsel accumulated 14,300 shares. (NASDAQ:PTEN). Van Eck Associate Corp accumulated 10.18M shares. 3,800 were accumulated by Old Mutual Customised Solutions (Proprietary) Ltd. Teacher Retirement Sys Of Texas accumulated 1.21M shares. Intrust National Bank & Trust Na holds 2,324 shares or 0.08% of its portfolio. Elm Ridge Limited Liability Corporation, a New York-based fund reported 492,005 shares. Canada Pension Plan Board invested in 960,623 shares.

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