Analyst Research

Rating and Recommendations under Spotlight: Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rose 2.42% during previous trade. Credit Suisse issued rating on the stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) in a research note issued to investors on Jan-04-17, the stock received “Upgrade” rating from Underperform to Neutral. Additionally Goldman issued their verdict on the stock of the company, on record date of Dec-16-16 the stock was “Downgraded” from Buy to Neutral besides that on Dec-07-16 Patterson-UTI Energy, Inc. (NASDAQ:PTEN) was “Upgraded” by JP Morgan from Underweight to Neutral. Furthermore on Oct-28-16 the stock was “Reiterated” by Scotia Howard Weil from as Sector Perform from $22 to $27.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares ended last trading session at the price of $28.38 whereas a number of traders indicating mean target price will hit $26.48 over the next twelve months, mean value of price target most recently revised on 01/03/17. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s highest estimates of price target are $35 and low forecast is $13.50 based on the opinion of 26 analysts. The price target estimates represents a standard deviation of 6.29. However brokerage recommendations suggests an ABR of 2.14 based on calls of 21 experts, where 11 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 6 suggest Hold, 1 are rating the stock as Sell while 2 as Strong Sell.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is expected to release the earnings of its current quarter on 2/9/17 Before Market Open. The company is expected to release $-0.56 EPS for current quarter according to 29 analysts whereas the company reported $-0.4 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $-0.57 and high estimate of $-0.52. For the current year Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has set to release EPS of $-2.3 as per the sentiments of 15 analysts, however according to 29 analysts, the company expected to release $-1.63 EPS for next year.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s average revenue estimates for the current quarter are $228.83M according to 23 number of analysts. However its lowest revenue estimates are $222.42M and highest revenue estimates are $247.7M. A year ago the company’s sales were $338.57M. Its yearly sales growth estimates are -32.40%. For the next quarter the company has anticipated average revenues of $256.89M, according to the sentiments of 19 analysts. For the current year the company has fixed $891.15M revenues, as per the opinion of 23 analysts. For the current year the company has low revenue estimates of $868.53M in contradiction of high revenue estimates of $910M. Whereas for the next year revenues are set at $1.24B by 26 analysts.

The stock exchanged hands 5.80M shares versus average trading capacity of 3.63M shares, while its shares’ total market worth is $4.33B along with 148.11M outstanding shares. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares were trading -3.99% below from the 52-week high price mark of $29.56 and +161.54% above from the 52-week price bottom of $10.85. However the company observed 52 week high price on 12/12/16 and witnessed 52 week low price on 01/20/16. The company’s price sits 13.25% above from its 50-day moving average of $26.53 and 34.98% far from the stock’s 200-day moving average which is $22.34. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s price to sales ratio for trailing twelve month stands at 4.18, whereas its price to book ratio for most recent quarter sits at 1.79. However the company’s price to cash per share for most recent quarter stands at 113.86. Its price to free cash flow for trailing twelve months is 18.37.

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