Published: Sat, January 06, 2018
IT&Software | By Alfonso Woods

Wealthsource Partners LLC Buys New Holdings in Patterson-UTI Energy, Inc. (PTEN)


About 476,761 shares traded. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since January 4, 2017 and is uptrending. It has outperformed by 29.90% the S&P500. Weaver C Barksdale Assocs reported 0.01% in Patterson-UTI Energy, Inc. About 1,945 shares traded. Patterson Energy now has $5.22 billion valuation.

Patterson-UTI Energy (PTEN) traded up $0.15 during midday trading on Thursday, reaching $23.62. The stock trades on a P/S of 1.04, which suggests that the shares are attractive compared with peers. Silicon Laboratories Inc. (SLAB) has risen 59.49% since January 5, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 1.07 in 2017 Q3. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.16. It fall, as 40 investors sold PTEN shares while 64 reduced holdings. 33 funds opened positions while 79 raised stakes. Given that its average daily volume over the 30 days has been 3.4 million shares a day, this signifies a pretty significant change over the norm. Putnam Invests Lc holds 0.01% or 267,452 shares. Patterson-UTI Energy earned a news sentiment score of 0.19 on Accern's scale. (NASDAQ:PTEN). Blackrock accumulated 0.02% or 18.65 million shares. Symphony Asset Mngmt Llc stated it has 32,268 shares or 0.08% of all its holdings. (NASDAQ:PTEN). World Asset accumulated 15,096 shares. Laurion Cap Mgmt Limited Partnership reported 95,175 shares or 0.01% of all its holdings. Old Mutual Customised Solutions (Proprietary) invested in 0.01% or 3,800 shares. Clearbridge Invs Ltd Liability has invested 0% in Patterson-UTI Energy, Inc. Cowen reiterated a "hold" rating and issued a $24.00 price objective on shares of Patterson-UTI Energy in a research note on Sunday, September 17th. PTEN's total short interest was 12.88M shares in January as published by FINRA. Vertex One Asset Mgmt Inc, a British Columbia - Canada-based fund reported 307,339 shares. Caisse De Depot Et Placement Du Quebec owns 0% invested in Macerich Company (NYSE:MAC) for 27,969 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Company holds 1.46% of its portfolio in Merck & Co., Inc. (NASDAQ:PTEN) has been trading recently. (NYSE:NUS) for 11,694 shares. The other 20, though not evenly; between analysts who think you should buy Patterson-UTI Energy, Inc. versus those who think you should sell it. Therefore 68% are positive. Nu Skin had 32 analyst reports since July 21, 2015 according to SRatingsIntel. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth. (NASDAQ:PTEN) on Tuesday, September 5 with "Buy" rating. Stephens maintained the stock with "Underweight" rating in Monday, April 18 report. The firm has "Neutral" rating by Seaport Global given on Wednesday, June 21. As per Thursday, August 31, the company rating was maintained by Jefferies. The company was maintained on Friday, June 23 by RBC Capital Markets. The firm earned "Buy" rating on Thursday, July 20 by RBC Capital Markets. As per Wednesday, July 13, the company rating was maintained by Citigroup. (NASDAQ:PTEN) earned "Hold" rating by BMO Capital Markets on Wednesday, October 11. The company was initiated on Thursday, August 25 by BTIG Research. (NASDAQ:PTEN). State Of Tennessee Treasury Department invested 0.01% in Patterson-UTI Energy, Inc. The average 1-year price target for (CLR) reveals an average price target of $51.39 per share. Universal Hlth Svcs Inc (NYSE:UHS) was raised too. (NASDAQ:PTEN) has "Buy" rating given on Monday, November 30 by Guggenheim. Therefore 54% are positive. The stock has "Buy" rating by Piper Jaffray on Thursday, July 27. PiperJaffray maintained Netflix, Inc. PiperJaffray has "Overweight" rating and $122 target. Citigroup maintained the stock with "Neutral" rating in Wednesday, July 13 report. Mizuho upgraded Netflix, Inc. The stock has "Buy" rating by J.P. Morgan on Tuesday, September 5. The firm has "Overweight" rating given on Tuesday, April 19 by Pacific Crest. Goldman Sachs downgraded the stock to "Neutral" rating in Friday, December 16 report. 119,675 were reported by Raymond James And Associate. The firm has "Sector Perform" rating given on Monday, March 28 by Howard Weil. Its up 0.17, from 0.78 in 2017Q2. 115 funds opened positions while 233 raised stakes. Two Sigma Securities Llc sold 6,291 shares as Merck & Co Inc (MRK)'s stock declined 2.46%. Honeywell Inc stated it has 25,199 shares. The stock of Patterson-UTI Energy, Inc. The firm owned 495,566 shares of the oil and gas company's stock after purchasing an additional 15,915 shares during the quarter. Alliancebernstein Ltd Partnership owns 152,515 shares or 0.01% of their U.S. portfolio. Dekabank Deutsche Girozentrale holds 0.12% or 86,652 shares. (NASDAQ:NFLX) for 228 shares. It also upped Proshares Tr (UPRO) stake by 3,951 shares and now owns 6,549 shares. (NYSE:NUS). Moreover, Omers Administration Corporation has 0.01% invested in Nu Skin Enterprises, Inc.

Svcs Automobile Association reported 533,744 shares. Sir Cap Mgmt Ltd Partnership invested in 1.27M shares. (NASDAQ:NFLX) for 8,549 shares.

AngloGold Ashanti Limited (AU) exchanged hands at an unexpectedly high level of 3.08 million shares over the course of the day.

Analysts await Merck & Co., Inc. (NASDAQ:PTEN) during the third quarter, according to the company in its most recent disclosure with the SEC. They expect $0.42 earnings per share, up 180.00% or $0.27 from last year's $0.15 per share. FRIEDLAND JONATHAN sold $705,895 worth of Netflix, Inc. Shareholders of record on Thursday, December 7th were paid a dividend of $0.02 per share. (NYSE:UHS) for 2,523 shares. The stock has "Hold" rating by Canaccord Genuity on Monday, January 23. HYMAN DAVID A sold $12.61M worth of stock or 63,378 shares.

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