$0.53 EPS Expected for KNOT Offshore Partners LP (KNOP); Patterson-UTI Energy, Inc. (PTEN) Covered By 22 Bullish Analysts Last Week

February 15, 2018 - By Hazel Jackson

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Patterson-UTI Energy Inc had 106 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, April 29 by Wunderlich. BMO Capital Markets maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Monday, January 15 with “Hold” rating. The company was maintained on Friday, October 28 by Howard Weil. As per Friday, June 23, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Friday, September 22. The stock has “Hold” rating by Tudor Pickering on Wednesday, September 9. The company was maintained on Friday, February 9 by Citigroup. The firm has “Buy” rating given on Thursday, August 31 by Jefferies. Wells Fargo downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Tuesday, September 1 to “Market Perform” rating. The firm earned “Neutral” rating on Friday, September 4 by Credit Suisse. See Patterson-UTI Energy, Inc. (NASDAQ:PTEN) latest ratings:

12/02/2018 Broker: Seaport Global Rating: Hold New Target: $24.0 Maintain
12/02/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $27 New Target: $24 Maintain
09/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $24.0 Maintain
08/02/2018 Broker: Jefferies Rating: Buy New Target: $25.0 Maintain
09/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $26 New Target: $25 Maintain
09/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $28 New Target: $24 Maintain
09/02/2018 Broker: Cowen & Co Rating: Hold New Target: $23.0 Maintain
05/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $34.0 Maintain
15/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $27.0 Maintain
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $30.0 Maintain

Analysts expect KNOT Offshore Partners LP (NYSE:KNOP) to report $0.53 EPS on February, 21.They anticipate $0.10 EPS change or 15.87% from last quarter’s $0.63 EPS. KNOP’s profit would be $17.62M giving it 9.83 P/E if the $0.53 EPS is correct. After having $0.71 EPS previously, KNOT Offshore Partners LP’s analysts see -25.35% EPS growth. The stock increased 0.48% or $0.1 during the last trading session, reaching $20.85. About 66,868 shares traded. KNOT Offshore Partners LP (NYSE:KNOP) has risen 22.68% since February 15, 2017 and is uptrending. It has outperformed by 5.98% the S&P500.

KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company has market cap of $693.32 million. The firm provides crude oil loading, transportation, and storage services under time charters and bareboat charters. It has a 9.99 P/E ratio. As of June 30, 2017, it had a fleet of 13 shuttle tankers.

Among 6 analysts covering KNOT Offshore Partners (NYSE:KNOP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. KNOT Offshore Partners had 11 analyst reports since August 14, 2015 according to SRatingsIntel. As per Wednesday, October 14, the company rating was downgraded by Clarkson Platou Securities. Barclays Capital maintained KNOT Offshore Partners LP (NYSE:KNOP) rating on Friday, August 14. Barclays Capital has “Overweight” rating and $22 target. RBC Capital Markets maintained it with “Outperform” rating and $23 target in Friday, August 14 report. The stock has “Neutral” rating by Citigroup on Monday, July 11. The stock of KNOT Offshore Partners LP (NYSE:KNOP) has “Market Perform” rating given on Tuesday, August 25 by Wells Fargo. The stock of KNOT Offshore Partners LP (NYSE:KNOP) has “Outperform” rating given on Monday, February 22 by RBC Capital Markets. The stock of KNOT Offshore Partners LP (NYSE:KNOP) has “Neutral” rating given on Tuesday, January 12 by Citigroup. The stock of KNOT Offshore Partners LP (NYSE:KNOP) has “Equal-Weight” rating given on Wednesday, August 17 by Barclays Capital. The firm has “Equal Weight” rating given on Monday, January 11 by Barclays Capital.

The stock increased 2.81% or $0.5 during the last trading session, reaching $18.3. About 5.60M shares traded or 56.46% up from the average. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 15, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It fall, as 40 investors sold Patterson-UTI Energy, Inc. shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Boothbay Fund Mgmt Ltd Liability Corp has 0.09% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 26,687 shares. Sg Americas Securities accumulated 31,689 shares. Arosa Capital Ltd Partnership holds 0.36% or 123,302 shares. Moreover, Hanson And Doremus Investment Mngmt has 0.02% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Wells Fargo And Mn invested in 0.05% or 8.12M shares. Moreover, Amalgamated Bancorp has 0.03% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 39,750 shares. Ls Investment Advsr Ltd holds 0.02% or 16,535 shares in its portfolio. Employees Retirement System Of Texas has 0.06% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Cramer Rosenthal Mcglynn Lc holds 0.25% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 732,480 shares. Aperio Gru Limited Liability holds 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 122,280 shares. Vanguard Grp Inc holds 0.02% or 17.67M shares in its portfolio. Advantus Capital Mngmt has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). 6.01M were reported by State Street Corporation. Sumitomo Mitsui Trust Holdings Inc holds 0% or 14,900 shares. Utd Automobile Association reported 0.03% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN).

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 $4.07 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 610 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

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