Patterson-uti Energy Inc (NASDAQ:PTEN) Shorted Shares Decreased By 5.52%

August 10, 2018 - By Mona Holcomb

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.28, from 1.38 in 2017Q4. It turned negative, as 36 investors sold Patterson-UTI Energy, Inc. shares while 90 reduced holdings. 48 funds opened positions while 90 raised stakes. 204.98 million shares or 3.41% less from 212.21 million shares in 2017Q4 were reported.
Tower Cap Ltd Liability Corp (Trc) owns 48,400 shares for 0.07% of their portfolio. Moreover, Ls Advsrs Lc has 0.01% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Geode Mngmt Ltd Liability Com invested in 0.01% or 2.04M shares. Nippon Life Glob Investors Americas Inc reported 19,750 shares or 0.03% of all its holdings. Rhumbline Advisers accumulated 401,907 shares. Numerixs Technology holds 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 200 shares. Fisher Asset Mgmt Ltd Liability holds 400,032 shares or 0.01% of its portfolio. Gamco Investors Et Al owns 39,000 shares or 0% of their US portfolio. Fmr Lc invested in 354,581 shares. Hap Trading Limited Company has 0.05% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Sg Americas Secs Ltd Liability reported 0.01% stake. Great West Life Assurance Can holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 128,955 shares. Los Angeles Mngmt & Equity Rech owns 34,622 shares. Nikko Asset Mgmt Americas Inc holds 0.2% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 324,716 shares. Stratos Wealth Prtnrs Ltd owns 1,415 shares.

Since March 13, 2018, it had 0 buys, and 1 insider sale for $194,600 activity.

The stock of Patterson-uti Energy Inc (NASDAQ:PTEN) registered a decrease of 5.52% in short interest. PTEN’s total short interest was 11.41 million shares in August as published by FINRA. Its down 5.52% from 12.08 million shares, reported previously. With 3.29M shares average volume, it will take short sellers 4 days to cover their PTEN’s short positions. The short interest to Patterson-uti Energy Inc’s float is 5.49%.

The stock increased 1.44% or $0.24 during the last trading session, reaching $16.92. About 1.90 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 0.05% since August 10, 2017 and is uptrending. It has underperformed by 12.52% the S&P500.

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has market cap of $3.72 billion. The companyÂ’s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. It has a 32.29 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Ratings Coverage

Among 7 analysts covering Patterson-UTI Energy (NASDAQ:PTEN), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Patterson-UTI Energy had 9 analyst reports since February 12, 2018 according to SRatingsIntel. The company was upgraded on Friday, July 27 by Seaport Global. The stock has “Hold” rating by Societe Generale on Thursday, April 19. The rating was downgraded by Guggenheim on Friday, July 6 to “Neutral”. As per Friday, April 13, the company rating was upgraded by Cowen & Co. The firm has “Buy” rating given on Monday, April 30 by Citigroup. BMO Capital Markets maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Monday, February 12 with “Market Perform” rating. As per Thursday, February 15, the company rating was maintained by Guggenheim. Seaport Global maintained the shares of PTEN in report on Monday, February 12 with “Hold” rating. The stock has “Outperform” rating by Credit Suisse on Friday, July 27.

Another recent and important Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news was published by Seekingalpha.com which published an article titled: “Patterson-UTI Energy (PTEN) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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