Howard Weil Upgrades Patterson-UTI Energy (PTEN) to "Sector Outperform"


Riverhead Capital Management LLC now owns 10,053 shares of the oil and gas company's stock worth $203,000 after purchasing an additional 4,653 shares in the last quarter. Narrowing in further, the stock has been recently noted at -0.56% away from the 30 day high and +24.08% separated from the 30 day low. It is up 32.91% since January 14, 2017 and is uptrending. It has outperformed by 16.21% the S&P500. Glg Partners Lp acquired 890,042 shares as Patterson Uti Energy Inc (PTEN)'s stock declined 16.81%. The institutional investor held 4,900 shares of the consumer services company at the end of 2017Q3, valued at $135,000, down from 62,408 at the end of the previous reported quarter. Rampart Investment Management Company Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $384.53 billion market cap company. The stock increased 0.66% or $0.38 during the last trading session, reaching $58.06. About 2.40 million shares traded or 33.80% up from the average. Freeport (NYSE:FCX) was reduced too. Hudbay Minerals Inc. (NYSE:HBM) has risen 39.53% since January 12, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Buckingham Capital Management Inc, which manages about $1.17B and $757.02M US Long portfolio, decreased its stake in D.R. Horton Inc Com Stk (NYSE:DHI) by 52,514 shares to 268,189 shares, valued at $10.71 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. The investor is now holding $5.38 million shares due in part to a decrease of 1.5 million new shares in their portfolio. 80 funds opened positions while 259 raised stakes.

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In its recent announcement the company has said that it has priced its previously announced $525 million private offering of 3.95% senior notes that are due 2028. Van Eck reported 1.09% stake. The number of shares now owned by investors are 979.17 mln. Penn Management holds 0.09% or 62,044 shares. Acadian Asset Ltd Liability invested in 8,758 shares. (NYSE:REIT). National Bank Of Montreal Can reported 639,850 shares. (NYSE:C). Gabelli Funds Ltd Liability, New York-based fund reported 805,046 shares. Gsa Capital Ptnrs Ltd Liability Partnership accumulated 11,842 shares. Orleans Capital La owns 45,617 shares or 0.72% of their U.S. portfolio. The stock increased 1.25% or $1.87 during the last trading session, reaching $151.49. (NASDAQ:PTEN). Sterling Management Ltd Liability Company has 82,108 shares for 0.02% of their portfolio. Gmt has 363,800 shares for 0.74% of their portfolio.

Cowen & Co. now has a $20.0 target price on the $5.49 billion market cap company or -19.03 % downside potential. Invesco has invested 0.36% in Crown Castle International Corp. Therefore 34% are positive. JPMorgan Chase & Co had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, July 21 by Citigroup. The stock has "Buy" rating by Piper Jaffray on Thursday, July 27. (NASDAQ:PTEN) earned "Hold" rating by Cowen & Co on Thursday, September 14. The firm has "Buy" rating by Nomura given on Wednesday, April 5. Howard Weil downgraded the stock to "Sector Perform" rating in Monday, March 28 report. (NASDAQ:PTEN) earned "Buy" rating by Citigroup on Wednesday, August 30. The rating was maintained by Evercore on Tuesday, June 6 with "Buy". The firm has "Outperform" rating by FBR Capital given on Monday, October 31. (NYSE:PNC) has "Buy" rating given on Monday, July 17 by Rafferty.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.13, from 1.76 in 2017Q2. It is positive, as 22 investors sold BPOP shares while 56 reduced holdings. Amp Capital Investors Limited reported 40,894 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 7,448 shares. Jennison Associate Limited holds 0.09% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Ontario Teachers Pension Plan Board has 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Nationwide Fund Advisors accumulated 0.03% or 412,883 shares. Eaton Vance Mngmt holds 158,624 shares. Royal Retail Bank Of Canada owns 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 171,755 shares. Arizona State Retirement System has invested 0.03% in Patterson-UTI Energy, Inc. It also reduced Bwx Technologies Inc stake by 183,550 shares and now owns 12,113 shares. (NYSE:PNC). 3,831 are owned by Eqis Cap Mngmt. (NASDAQ:PTEN) or 10,964 shares. California Public Employees Retirement Sys stated it has 495,566 shares or 0.02% of all its holdings. Riverhead Capital Management LLC lifted its holdings in Patterson-UTI Energy by 86.2% in the second quarter. (NASDAQ:PTEN) for 97,890 shares. Raymond James Fin Services Advsrs Inc accumulated 57,731 shares or 0.01% of the stock. BidaskClub upgraded Patterson-UTI Energy from a "hold" rating to a "buy" rating in a research report on Saturday. Therefore 71% are positive. Jefferies Group set a $30.00 target price on shares of Patterson-UTI Energy and gave the stock a buy rating in a research report on Thursday, January 4th. The average Wall Street rating from the analysts for the company is Strong Buy based on the average scores from 20 analysts. The rating was upgraded by Wells Fargo to "Outperform" on Monday, January 11. As per Wednesday, September 9, the company rating was downgraded by Tudor Pickering. The rating was maintained by Cowen & Co with "Hold" on Wednesday, October 18. Credit Suisse maintained the shares of PTEN in report on Friday, September 4 with "Neutral" rating. The rating was upgraded by Piper Jaffray on Wednesday, June 29 to "Overweight". (NYSE:JPM) on Tuesday, January 17 to "Mkt Perform" rating. The rating was maintained by Compass Point on Thursday, April 28 with "Buy". The firm has "Neutral" rating given on Friday, October 27 by Credit Suisse. Western Asset Management Com holds 0.02% of its portfolio in Patterson-UTI Energy, Inc. (NYSE:HBM) to report earnings on February, 28.