Analysts See $0.62 EPS for AMETEK, Inc. (AME), Patterson-UTI Energy, Inc. (PTEN) Covered By 15 Bulls

July 17, 2017 - By Adrian Erickson

Analysts expect AMETEK, Inc. (NYSE:AME) to report $0.62 EPS on August, 2 before the open.They anticipate $0.03 EPS change or 5.08% from last quarter’s $0.59 EPS. AME’s profit would be $142.99 million giving it 24.88 P/E if the $0.62 EPS is correct. After having $0.60 EPS previously, AMETEK, Inc.’s analysts see 3.33% EPS growth. About 436,147 shares traded. AMETEK, Inc. (NYSE:AME) has risen 27.71% since July 17, 2016 and is uptrending. It has outperformed by 11.01% the S&P500.

Among 27 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 15 have Buy rating, 1 Sell and 11 Hold. Therefore 56% are positive. Patterson-UTI Energy Inc had 68 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, June 6 with “Buy”. The company was upgraded on Wednesday, January 4 by Credit Suisse. The firm earned “Overweight” rating on Wednesday, June 29 by Piper Jaffray. Howard Weil maintained the stock with “Sector Perform” rating in Monday, June 20 report. KeyBanc Capital Markets upgraded the shares of PTEN in report on Wednesday, January 4 to “Overweight” rating. Gabelli upgraded it to “Buy” rating and $26 target in Wednesday, September 14 report. The stock has “Sector Perform” rating by Howard Weil on Monday, March 28. The rating was maintained by Howard Weil with “Sector Perform” on Friday, October 28. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Market Perform” rating by Cowen & Co on Thursday, January 19. The rating was upgraded by Jefferies to “Buy” on Monday, July 11. See Patterson-UTI Energy, Inc. (NASDAQ:PTEN) latest ratings:

13/07/2017 Broker: Jefferies Rating: Buy New Target: $32.0000 Maintain
13/07/2017 Broker: BMO Capital Markets Rating: Hold New Target: $23.0000 Maintain
10/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $20.5000 Maintain
07/07/2017 Broker: Cowen & Co Rating: Hold New Target: $24.0000 Maintain
23/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $35.0000 Maintain
21/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $28.0000 Maintain
06/06/2017 Broker: Evercore Rating: Buy Maintain
06/06/2017 Broker: Jefferies Rating: Buy New Target: $32.0000 Maintain
21/06/2017 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
05/04/2017 Broker: Nomura Old Rating: Neutral New Rating: Buy Upgrade

Among 10 analysts covering AMETEK (NYSE:AME), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AMETEK had 29 analyst reports since August 5, 2015 according to SRatingsIntel. On Thursday, June 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Oppenheimer on Wednesday, August 5 with “Buy”. The stock of AMETEK, Inc. (NYSE:AME) has “Outperform” rating given on Wednesday, February 8 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. The company was maintained on Tuesday, June 27 by BMO Capital Markets. Oppenheimer maintained AMETEK, Inc. (NYSE:AME) on Friday, August 5 with “Outperform” rating. As per Wednesday, January 4, the company rating was upgraded by Cowen & Co. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The stock of AMETEK, Inc. (NYSE:AME) earned “Outperform” rating by Robert W. Baird on Thursday, December 22.

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.25, from 0.99 in 2016Q3. It increased, as 35 investors sold AMETEK, Inc. shares while 146 reduced holdings. 64 funds opened positions while 160 raised stakes. 201.78 million shares or 1.04% more from 199.71 million shares in 2016Q3 were reported. Sei Invests Company holds 0.03% of its portfolio in AMETEK, Inc. (NYSE:AME) for 113,643 shares. British Columbia Inv Mgmt invested 0.05% in AMETEK, Inc. (NYSE:AME). State Street Corp accumulated 9.57 million shares. The New York-based Train Babcock Advsrs Ltd Co has invested 0.09% in AMETEK, Inc. (NYSE:AME). Wells Fargo And Mn owns 1.58 million shares or 0.03% of their US portfolio. Rhumbline Advisers holds 426,577 shares. 238,835 were reported by Nicholas Co Wi. Utah Retirement System owns 42,030 shares. Independent Port Consultants Inc stated it has 0.08% of its portfolio in AMETEK, Inc. (NYSE:AME). Glg Limited holds 11,984 shares or 0.04% of its portfolio. Aberdeen Asset Mngmt Public Limited Co Uk accumulated 39,690 shares. Motco holds 9,150 shares. Paloma Prtnrs Management Comm invested in 47,556 shares. Fred Alger invested in 0.33% or 1.24 million shares. Moore Cap Limited Partnership stated it has 44,877 shares.

Since February 10, 2017, it had 0 insider buys, and 15 insider sales for $26.80 million activity. WILLIAMS DENNIS K had sold 7,582 shares worth $417,522. The insider Marecic Thomas C sold $290,530. 3,000 shares valued at $185,884 were sold by VARET ELIZEBETH R on Monday, June 5. MALONE JAMES R had sold 1,190 shares worth $70,984 on Friday, May 12. ZAPICO DAVID A had sold 30,000 shares worth $1.60M on Tuesday, February 14. The insider EGINTON WILLIAM D sold $875,880. Shares for $2.48M were sold by Jones Timothy N.

AMETEK, Inc. is a manufacturer of electronic instruments and electromechanical devices with activities in North America, Europe, Asia and South America. The company has market cap of $14.23 billion. The Firm operates through two divisions: Electronic Instruments and Electromechanical (EMG). It has a 27.75 P/E ratio. EIG creates and makes instruments for the process, power and industrial and aerospace markets.

Patterson-UTI Energy, Inc. is an oilfield services company. The company has market cap of $4.29 billion. The Firm owns and operates a fleet of land drilling rigs and a fleet of pressure pumping equipment in the United States. It currently has negative earnings. The Company’s divisions include Contract Drilling, Pressure Pumping and Other operations.

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