Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Analysts at Cowen Reiterated their Market Perform rating for Patterson-UTI (NASDAQ:PTEN) with $23.0 Price Objective

Cowen and Company Analyst Rating Change Patterson-UTI NASDAQ:PTEN

Patterson-UTI (NASDAQ:PTEN) Rating Restated

Expert analysts at Cowen have $23.0 target on Patterson-UTI (NASDAQ:PTEN). Cowen’s target would indicate a potential upside of 22.93 % from the company’s last price. The rating was revealed to investors in analysts note on Friday morning.

NASDAQ:PTEN is now trading 0.00% lower at $19.52 as of 4:05 AM New York time. Patterson-UTI’s stock is 0% over the last 200 days. It has underperformed the S&P 500 Index, which has increased 6.00% over the same time period.

According to data compiled by Thomson Reuters, Patterson-UTI (NASDAQ:PTEN)’s stock is covered by 29 equity analysts across the Street, with 5 analysts giving it a Sell rating, 15 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $19.52, which reflects an downside potential of 0.00% over the current price.

Institutional Ownership

Scoria Capital Partners Lp had the largest stake with ownership of 118,770 shares as of Q2 2015 for 5.94% of the fund portfolio. Energy Opportunities Capital Management Llc is another bullish fund who is owning 844,631 shares of Patterson-UTI or 5.53% of their fund portfolio. Moreover, Intrepid Capital Management Inc have 5.44% of their fund portfolio invested in the company for 516,450 shares. The New York-based fund Elm Ridge Management Llc revealed it had acquired so far a stake worth about 4.47% of the fund’s stock portfolio in Patterson-UTI. The North Dakota-based fund Viking Fund Management Llc is also positive about the stock, possessing 847,322 shares or 1.32% of their fund portfolio.

Patterson-UTI (NASDAQ:PTEN) Profile

Patterson Uti Energy IncPatterson-UTI Energy, Inc. 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. The Company’s segments include Contract Drilling, Pressure Pumping and Other operations.

Patterson-UTI (NASDAQ:PTEN) closed at $19.52 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 4.98M shares. Patterson-UTI has a 52 week low of $17.61 and a 52 week high of $29.76. The company has a market cap of $4.15B and a P/E ratio of 0.

Get the latest Patterson-UTI (NASDAQ:PTEN) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Cowen Reiterated their Market Perform Rating for Patterson-UTI (NASDAQ:PTEN) with $23.0 Price Objective appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

Share the post

Analysts at Cowen Reiterated their Market Perform rating for Patterson-UTI (NASDAQ:PTEN) with $23.0 Price Objective


Subscribe to Octafinance – Financial News, Reports And Intell

Get updates delivered right to your inbox!

Thank you for your subscription