Caxton Associates LP Has Upped Quanta Svcs (PWR) Position; Patterson-UTI Energy, Inc. (PTEN) Covered By 23 Bulls

April 17, 2018 - By Maria Brooks

Quanta Services, Inc. (NYSE:PWR) Logo

Caxton Associates Lp increased Quanta Svcs Inc (PWR) stake by 1325.43% reported in 2017Q4 SEC filing. Caxton Associates Lp acquired 861,529 shares as Quanta Svcs Inc (PWR)’s stock declined 13.73%. The Caxton Associates Lp holds 926,529 shares with $36.24 million value, up from 65,000 last quarter. Quanta Svcs Inc now has $5.21 billion valuation. The stock increased 0.46% or $0.16 during the last trading session, reaching $34.7. About 621,832 shares traded. Quanta Services, Inc. (NYSE:PWR) has declined 5.50% since April 17, 2017 and is downtrending. It has underperformed by 17.05% the S&P500.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. Patterson-UTI Energy Inc had 108 analyst reports since July 28, 2015 according to SRatingsIntel. Guggenheim upgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Monday, November 30 to “Buy” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Wednesday, January 18 by SunTrust. Suntrust Robinson initiated Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Wednesday, January 18 with “Buy” rating. The rating was downgraded by Global Hunter Securities on Tuesday, July 28 to “Accumulate”. The stock has “Sector Perform” rating by Howard Weil on Monday, June 20. Evercore maintained the stock with “Buy” rating in Tuesday, June 6 report. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Monday, February 5 by RBC Capital Markets. Citigroup maintained the shares of PTEN in report on Thursday, October 5 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, December 7 by JP Morgan. The firm has “Outperform” rating by Wells Fargo given on Monday, January 11. See Patterson-UTI Energy, Inc. (NASDAQ:PTEN) latest ratings:

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
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

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird downgraded the shares of PWR in report on Wednesday, July 26 to “Hold” rating. On Friday, September 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was reinitiated by Stifel Nicolaus with “Hold” on Tuesday, January 5. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Buy” rating by Stifel Nicolaus on Sunday, December 10. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 6. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Buy” rating by B. Riley & Co on Tuesday, November 7. The firm earned “Outperform” rating on Monday, August 10 by FBR Capital. Maxim Group maintained the stock with “Buy” rating in Friday, May 6 report. The rating was maintained by FBR Capital on Friday, May 6 with “Mkt Perform”. The rating was maintained by Stephens on Wednesday, January 31 with “Buy”.

Caxton Associates Lp decreased Oracle Corp (NYSE:ORCL) stake by 260,417 shares to 12,523 valued at $592,000 in 2017Q4. It also reduced Pretium Res Inc (Call) (NYSE:PVG) stake by 400,000 shares and now owns 100,000 shares. Mgm Growth Pptys Llc was reduced too.

The stock increased 0.65% or $0.13 during the last trading session, reaching $20.14. About 1.12 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 17, 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 $4.45 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 694.48 P/E ratio. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land drilling rigs.

Since March 13, 2018, it had 0 buys, and 1 sale for $194,600 activity. 10,000 Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares with value of $194,600 were sold by HUNT TERRY H.

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

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