Eaton Vance Management Buys 533865 Company Stocks In Patterson-UTI Energy,

Returns and Valuations for Patterson-UTI Energy, Inc. JPMorgan Chase & Co. now owns 7,866,364 shares of the oil and gas company's stock valued at $158,823,000 after buying an additional 2,224,128 shares during the period. Eaton Vance Management owned approximately 0.34% of Patterson-UTI Energy worth $11,198,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PTEN. Patterson-UTI Energy, Inc. (PTEN) has risen 32.91% since September 12, 2016 and is uptrending. BlackRock Inc. now owns 14,461,920 shares of the oil and gas company's stock valued at $350,991,000 after purchasing an additional 14,334,961 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Patterson-UTI Energy by 3.4% during the second quarter. Its share price has decline -15.33% in three months and is up 10.23% for the last five trades. They expect this year's earnings to fall -58.26% year-over-year to -$0.91, followed by -82.42% decline in the next year to -$0.16.

Bedell Frazier Investment Counseling Llc, which manages about $254.34 million US Long portfolio, decreased its stake in Twitter Inc (NYSE:TWTR) by 26,335 shares to 229,661 shares, valued at $3.74M in 2016Q4, according to the filing. Market Capitalization if basically the market value of the company's shares outstanding. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Patterson-UTI Energy by 7.9% during the first quarter. The Pointstate Capital Lp holds 1.24M shares with $33.38M value, up from 157,000 last quarter. The New York-based Ao Asset Management Llc has invested 5.58% in the stock. California Employees Retirement Systems holds 0.02% in Patterson-UTI Energy, Inc. The original version of this article can be accessed at https://www.truebluetribune.com/2017/09/12/patterson-uti-energy-inc-pten-position-increased-by-virginia-retirement-systems-et-al.html. If you are reading this article on another site, it was illegally stolen and republished in violation of USA and global trademark & copyright law.

Patterson-UTI Energy, (NASDAQ PTEN) started trading at 17.57 on early Tue. The stock is a Buy among 0 brokerage firms polled by Factset Research. Societe Generale initiated coverage on shares of Patterson-UTI Energy in a report on Thursday, August 31st. Royal Bank Of Canada set a $35.00 price target on Patterson-UTI Energy and gave the stock a "buy" rating in a report on Saturday, June 24th. Finally, BidaskClub lowered shares of Patterson-UTI Energy from a "sell" rating to a "strong sell" rating in a report on Tuesday, August 8th. As per Monday, September 21, the company rating was upgraded by H.C. Wainwright. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) opened at 17.57 on Tuesday. The stock's market cap is $3.60 billion.

Patterson-UTI's acquisition is the latest deal by a USA land driller seeking to augment traditional revenue streams as drilling efficiencies lead operators to deploy fewer rigs, Tudor, Pickering, Holt & Co. It improved, as 38 investors sold PTEN shares while 99 reduced holdings. The oil and gas company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.09. The business had revenue of $579 million during the quarter, compared to analysts' expectations of $556.47 million. Patterson-UTI Energy had a negative return on equity of 10.03% and a negative net margin of 23.78%. During the same quarter in the previous year, the business earned ($0.58) EPS. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. As a result, Patterson-UTI will not assume any debt of MS Energy.

The company recently announced a dividend for shareholders that was paid on Thursday June 22nd, 2017. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.02 per share. "(PTEN) Ex-Dividend Date Scheduled for September 06 ..." and published on September 05, 2017 is yet another important article. On a percent-of-sales basis, PTEN's free cash flow was -0.01% while ATW converted 3.63% of its revenues into cash flow. Susquehanna maintained Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc., launched on October 14, 1993, is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States.

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