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 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.

Related News:

Most liked

Bipartisan amendment entered to support trans service members
John McCain, the Arizona Republican who is now battling brain cancer, will lead debate on the NDAA on the Senate floor this week. It's still unclear whether the measure will get a vote, as it's one of scores of proposed amendments to the defense bill.

Porsche Cayenne Turbo Spices up Frankfurt With 550 HP
The company employs a team of more than 40 in sales, aftersales, finance, marketing, network development, and public relations. That marks an improvement of 30 hp and 14 lb-ft over the previous model , which packed a twin-turbo 4.8-liter V-8.

Volkswagen will invest billions of dollars in the development of electric vehicles
The initiative includes 80 new electrified models by 2025-50 all-electric models, and 30 plug-in hybrids. Muller said on 11 September: "We have got the message and we will deliver".

Northern Ireland boss Michael O'Neill charged with drink driving
It is understood Mr O'Neill failed a breath test after he was pulled over by Edinburgh police around 1am on Sunday. They finished third in their group for Euro 2016 behind Germany and Poland after winning their qualification group.

British photographer wins legal fight over 'monkey selfie'
The photos were taken during a 2011 trip to Tangkoko Reserve in Sulawesi, Indonesia , with an unattended camera owned by Slater. PETA filed an infringement lawsuit, arguing that Naruto took the picture and therefore owned the copyright.

FM Khawaja Asif, Turkish PM discuss regional situation
Asif is accompanied by National Security Advisor Naseer Khan Janjua and Foreign Secretary Tehmina Janjua. He will meet his Russian counterpart Sergey Lavrov on the sidelines of the UN General Assembly session.

Hope Hicks becomes Donald Trump's third communications director in eight months
Miss Hicks said: "President Trump has a magnetic personality and exudes positive energy, which is infectious to those around him". Pushing aside claims from the co-hosts that President Trump is sexist, she pointed to the ascension of both herself and Hicks .

Hurricane Irma Turns Sights on Georgia
By 5 pm, the storm was hitting Fort Myers, moving north toward low-lying, vulnerable Tampa as a still-potent Category 2 storm. Low wind shear allowed air to move in and out of the hurricane more efficiently.

Ex-Liverpool star Jamie Carragher suggests Hodgson alternative for Crystal Palace
The Mirror is reporting that former England national team manager, Roy Hodgson is set to take the reins of Crystal Palace . We know we are better than this.I'm defending everyone at the club who is working their backside off to turn this around.

Sevilla's Nolito to miss Champions League match due to injury
Jurgen Klopp's side will be looking to bounce back from Saturday's disappointing 5-0 defeat at the hands of Manchester City . Nolito and Johannes Geis are Sevilla's only absentees from their 22-man squad to take on Liverpool at Anfield on Wednesday.

Tesla adding charging stations in city centers
The company's cars can be recharged quickly using the fastest available charging at almost 400 locations in the US. Notably, it has a new post which both takes up less space and will be easier to install, the automaker claims.

Russia Could Restrict US Diplomats' Parking Rights in Consulate Retaliation
Russian Federation in late July ordered the limit its staff to 455 people after the country passed new sanctions. But there are more higher level USA diplomats in Russia, Kommersant claims, citing several diplomatic sources.

Switzerland: Around 30 injured in train collision at Andermatt station
An accident on a popular Swiss tourist railway route left some 30 people slightly injured on Monday, a police spokesperson said. The Swiss Transportation Safety Investigation Board and Uri Canton police have started an investigation.

China Plans to Stop Gasoline and Diesel Cars
The country already aims for electric and plug-in hybrid cars to constitute at least 20 percent of China's auto sales by 2025 . It is also the largest producer of and market for new-energy vehicles, with more than 500,000 built and sold previous year .

Miss America 2017 Recap: The Contestants Are Surprisingly Woke
She said she doesn't think enough information has been revealed to support such a charge. Once we reject that, we take ourselves out of the negotiation table.