Headlines about Patterson-UTI Energy (NASDAQ:PTEN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Patterson-UTI Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 47.1310821169907 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Patterson-UTI Energy (PTEN) Stock Rating Upgraded by TheStreet (americanbankingnews.com)
- Patterson-UTI Energy (PTEN) Price Target Raised to $31.00 (americanbankingnews.com)
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – P/E to Consider – Nasdaq Journal (press release) (nasdaqjournal.com)
- Patterson-UTI Energy, Inc. (PTEN) Entails a Thrust to Achieve Active Investors Attentions – Stock News Stop (stockmarketstop.com)
- Ahead Momentum: Patterson-UTI Energy, Inc. (PTEN), The Southern Company (SO) – Market Movers (financialqz.com)
A number of brokerages recently commented on PTEN. SunTrust Banks lifted their target price on shares of Patterson-UTI Energy to $31.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet upgraded shares of Patterson-UTI Energy from a “d+” rating to a “c-” rating in a research report on Monday. Piper Jaffray Companies set a $24.00 price objective on shares of Patterson-UTI Energy and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Patterson-UTI Energy from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, October 31st. Finally, Credit Suisse Group boosted their price objective on shares of Patterson-UTI Energy from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $27.00.
Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.04. Patterson-UTI Energy had a negative net margin of 14.73% and a negative return on equity of 7.31%. The business had revenue of $684.99 million for the quarter, compared to analyst estimates of $688.05 million. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. Patterson-UTI Energy’s quarterly revenue was up 232.3% on a year-over-year basis. research analysts anticipate that Patterson-UTI Energy will post -0.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, December 6th. Patterson-UTI Energy’s payout ratio is currently -5.16%.
ILLEGAL ACTIVITY WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Patterson-UTI Energy (PTEN) Share Price” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3078518/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-patterson-uti-energy-pten-share-price.html.
Patterson-UTI Energy Company Profile
Patterson-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. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators.
Receive News & Ratings for Patterson-UTI Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson-UTI Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.