The shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has been pegged with a rating of Buy by Societe Generale in its latest research note that was published on December 20th, 2018. Societe Generale wasn’t the only research firm that published a report of Patterson-UTI Energy, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on December 19th, 2018, to Neutral the PTEN stock. The stock had earned Buy rating from BofA/Merrill when it published its report on October 18th, 2018. The stock was given Peer Perform rating by Wolfe Research in its report released on October 10th, 2018. Bernstein was of a view that PTEN is Outperform in its latest report on October 5th, 2018. Seaport Global Securities thinks that PTEN is worth Buy rating. This was contained in the firm’s report on July 27th, 2018 in which the stock’s price target was also moved to $20.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $18.27. The price of the stock the last time has raised by 34.04% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 55.60.
The shares of the company dipped by -0.39% during the trading session on Friday, reaching a low of $12.41 while ending the day at $12.72. During the trading session, a total of 3.67 million shares were traded which represents a 3.98% incline from the average session volume which is 3.82M shares. PTEN had ended its last session trading at 12.77. Patterson-UTI Energy, Inc. currently has a market cap of $2.78B while its P/E earnings growth sits at 0.84, with a beta of 1.38. Patterson-UTI Energy, Inc. debt-to-equity ratio currently stands at 0.30, while its quick ratio hovers at 1.50. PTEN 52-week low price stands at $9.49 while its 52-week high price is $25.03.
The company in its last quarterly report recorded -$0.10 earnings per share which is above the -$0.12 predicted by most analysts. The Patterson-UTI Energy, Inc. generated $867.48 million in revenue during the last quarter, which is slightly higher than the $846.06 million predicted by analysts. In the second quarter last year, the firm recorded -$0.05 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 50%. Patterson-UTI Energy, Inc. has the potential to record -0.66 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on January 4th, 2019 where it informed investors and clients that Analog Devices, Inc. (NASDAQ:ADI) is now rated as Sector Perform. Credit Suisse also rated ADI as Downgrade on December 19th, 2018, with its price target of $100 suggesting that ADI could surge by 10.16% from its current share price. Even though the stock has been trading at $88.61/share, analysts expect it to surge higher by 1.64% to reach $100.24/share. It started the day trading at $91.11 and traded between $88.07 and $90.06 throughout the trading session.
A look at its technical shows that ADI’s 50-day SMA is 87.05 while its 200-day SMA stands at 92.04. The stock has a high of $103.59 for the year while the low is $76.62. The company’s P/E ratio currently sits at 21.90, while the P/B ratio is 3.04. The company’s average trading volume currently stands at 3.35M shares, which means that the short-interest ratio is just 3.35 days. Over the past seven days, the company moved, with its shift of 8.91%. Looking further, the stock has raised 7.34% over the past 90 days while it lost -8.48% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more ADI shares, increasing its portfolio by +1.63% during the last quarter. This move now sees The Vanguard Group Inc purchasing 500,361 shares in the last quarter, thus it now holds 31,143,704 shares of ADI, with a total valuation of $2,673,064,114. BlackRock Fund Advisors meanwhile bought more ADI shares in the recently filed quarter, changing its stake to $1,520,235,637 worth of shares. Massachusetts Financial Services followed the path by increasing its ADI portfolio by +0.70% in the quarter. This means that Massachusetts Financial Services bought 118,861 shares in the last quarter and now controls 17,047,903 shares of the ADI stock, with the valuation hitting $1,463,221,514.
Similarly, SSgA Funds Management Inc increased its Analog Devices, Inc. shares by +6.64% during the recently filed quarter. After buying 882,341 shares in the last quarter, the firm now controls 14,169,871 shares of Analog Devices, Inc. which are valued at $1,216,200,028. In the same vein, Franklin Advisers Inc increased its Analog Devices, Inc. shares by during the most recent reported quarter. The firm bought 184,135 shares during the quarter which increased its stakes to 11,598,455 shares and is now valued at $995,495,393. Following these latest developments, around 0.10% of Analog Devices, Inc. stocks are owned by institutional investors and hedge funds.