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Partnervest Advisory Services Cut International Business Machs (IBM) Position; Patterson-UTI Energy, Inc. (PTEN) Had 22 Bulls

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 110 analyst reports since July 28, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 5 by JP Morgan. On Friday, July 24 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Hold” rating by Cowen & Co on Thursday, September 14. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Accumulate” rating by Global Hunter Securities on Tuesday, July 28. The rating was downgraded by Tudor Pickering on Wednesday, September 9 to “Hold”. As per Wednesday, March 9, the company rating was maintained by Susquehanna. As per Wednesday, June 21, the company rating was downgraded by Seaport Global. On Wednesday, July 13 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by BMO Capital Markets on Wednesday, October 11 with “Hold”. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by Citigroup on Thursday, October 5. See Patterson-UTI Energy, Inc. (NASDAQ:PTEN) latest ratings:

30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $24 New Target: $25 Maintain
19/04/2018 Broker: Societe Generale Old Rating: Buy New Rating: Hold Old Target: $22 Downgrade
13/04/2018 Broker: Cowen & Co Rating: Buy Upgrade
15/02/2018 Broker: Guggenheim Rating: Buy New Target: $25.0 Maintain
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

Partnervest Advisory Services Llc decreased International Business Machs (IBM) stake by 10.35% reported in 2017Q4 SEC filing. Partnervest Advisory Services Llc sold 2,489 shares as International Business Machs (IBM)’s stock declined 0.39%. The Partnervest Advisory Services Llc holds 21,560 shares with $3.31 million value, down from 24,049 last quarter. International Business Machs now has $132.26 billion valuation. The stock decreased 0.29% or $0.42 during the last trading session, reaching $144.08. About 2.68M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 21, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Since January 31, 2018, it had 1 buying transaction, and 2 selling transactions for $2.69 million activity. 610 International Business Machines Corporation (NYSE:IBM) shares with value of $99,659 were bought by WADDELL FREDERICK H. Clementi Erich also sold $2.01M worth of International Business Machines Corporation (NYSE:IBM) on Friday, February 23. On Monday, February 26 the insider Gherson Diane J sold $780,000.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Benzinga.com which released: “IBM CTO Tom Eck Shares Startup Pitch Advice At Benzinga Global Fintech Awards” on May 15, 2018, also Seekingalpha.com with their article: “Berkshire Hathaway drops IBM” published on May 04, 2018, 247Wallst.com published: “Who IBM Is Laying Off and What They Have to Say About It” on April 27, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: 247Wallst.com and their article: “IBM, Abandoned by Buffett and Wall Street, Sinks Lower” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “IBM: Weak Dividend Raise?” with publication date: April 24, 2018.

Partnervest Advisory Services Llc increased Berkshire Hathaway Inc Del (BRKB) stake by 2,285 shares to 5,396 valued at $1.07M in 2017Q4. It also upped Ishares Tr (HEWG) stake by 15,126 shares and now owns 23,099 shares. Dbx Etf Tr (DBEU) was raised too.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 17. They expect $3.03 EPS, up 2.02% or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78 billion for 11.89 P/E if the $3.03 EPS becomes a reality. After $2.45 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67% EPS growth.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Buy” rating and $198.0 target in Wednesday, March 21 report. The firm earned “Buy” rating on Wednesday, March 22 by Argus Research. The company was maintained on Tuesday, April 19 by Bernstein. On Tuesday, October 20 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Tuesday, October 20 by Deutsche Bank. The firm earned “Hold” rating on Wednesday, July 19 by RBC Capital Markets. The company was maintained on Wednesday, August 30 by BMO Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Sector Perform” rating given on Monday, October 5 by RBC Capital Markets. The firm has “Buy” rating by S&P Research given on Thursday, August 27. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, July 11 report.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It improved, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Ci stated it has 151,300 shares. Tru Of Oklahoma invested in 0.43% or 5,930 shares. Hilltop Inc has invested 0.12% in International Business Machines Corporation (NYSE:IBM). Goldman Sachs Grp accumulated 7.13 million shares or 0.26% of the stock. Deprince Race Zollo invested in 0.58% or 170,389 shares. Fmr Limited has invested 0.05% of its portfolio in International Business Machines Corporation (NYSE:IBM). 10,955 are held by Cypress Capital Group Inc. Fincl Bank Of The West reported 0.12% of its portfolio in International Business Machines Corporation (NYSE:IBM). Balyasny Asset Mngmt Ltd Liability Com holds 104,905 shares or 0.05% of its portfolio. Clarkston Capital Partners Limited Liability Corp stated it has 235,780 shares. The North Carolina-based Franklin Street Nc has invested 1.18% in International Business Machines Corporation (NYSE:IBM). Bowling holds 1,453 shares or 0.03% of its portfolio. Benjamin F Edwards has invested 0.7% of its portfolio in International Business Machines Corporation (NYSE:IBM). Oak Associate Limited Oh invested 1.77% in International Business Machines Corporation (NYSE:IBM). Northern Trust reported 10.96M shares.

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) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018.

The stock decreased 2.62% or $0.62 during the last trading session, reaching $23.01. About 2.40M shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since May 21, 2017 and is downtrending. It has underperformed by 35.83% 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 $5.10 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 793.45 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) Institutional Positions Chart

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