Elm Ridge Management Trimmed By $5.45 Million Its Patterson Uti Energy (PTEN) Stake, Shorts at Novartis AG (NVS) Lowered By 3.89%

June 20, 2017 - By Marie Mckinney

Novartis AG (NYSE:NVS) had a decrease of 3.89% in short interest. NVS’s SI was 4.34 million shares in June as released by FINRA. Its down 3.89% from 4.52 million shares previously. With 2.04 million avg volume, 2 days are for Novartis AG (NYSE:NVS)’s short sellers to cover NVS’s short positions. The SI to Novartis AG’s float is 0.19%. About 1.36M shares traded. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since June 20, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

Elm Ridge Management Llc decreased Patterson Uti Energy Inc (PTEN) stake by 24.76% reported in 2016Q4 SEC filing. Elm Ridge Management Llc sold 209,800 shares as Patterson Uti Energy Inc (PTEN)’s stock declined 16.81%. The Elm Ridge Management Llc holds 637,522 shares with $17.16 million value, down from 847,322 last quarter. Patterson Uti Energy Inc now has $4.15B valuation. The stock declined 3.90% or $0.8 reaching $19.6 per share. About 2.81 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since June 20, 2016 and is uptrending. It has outperformed by 16.21% the S&P500.

Among 25 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Patterson-UTI Energy Inc had 59 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, September 1. The stock has “Neutral” rating by Citigroup on Wednesday, July 13. As per Friday, December 16, the company rating was downgraded by Goldman Sachs. Wunderlich downgraded the shares of PTEN in report on Friday, April 29 to “Hold” rating. The firm earned “Neutral” rating on Friday, September 4 by Credit Suisse. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, September 4 report. The rating was maintained by Citigroup with “Neutral” on Monday, October 5. Simmons & Co upgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Wednesday, June 29 to “Overweight” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Monday, November 30 by Guggenheim. The rating was maintained by Citigroup with “Neutral” on Tuesday, August 9.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on July, 27. They expect $-0.31 earnings per share, up 46.55% or $0.27 from last year’s $-0.58 per share. After $-0.42 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -26.19% EPS growth.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.01, from 0.96 in 2016Q3. It is positive, as 38 investors sold PTEN shares while 99 reduced holdings. 55 funds opened positions while 78 raised stakes. 157.71 million shares or 2.62% less from 161.95 million shares in 2016Q3 were reported. Kbc Nv has invested 0.1% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Heartland Advsrs owns 443,107 shares or 0.66% of their US portfolio. Brandywine Glob Investment Management Ltd Com holds 0.09% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 508,431 shares. Dekabank Deutsche Girozentrale invested 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Panagora Asset Mngmt reported 0.01% stake. 11.93M were reported by Vanguard. Falcon Point Capital Lc reported 7,844 shares or 0.03% of all its holdings. Moreover, United Service Automobile Association has 0.02% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 200,000 shares. Nikko Asset Americas Inc accumulated 13,400 shares. Invesco Limited, Georgia-based fund reported 2.95 million shares. Buckingham Cap has invested 0.65% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). 277,210 were reported by Vertex One Asset Mgmt. Dorsey & Whitney Trust Limited Company reported 0.05% stake. Massachusetts Svcs Ma holds 331,361 shares or 0% of its portfolio. Blackrock Inc stated it has 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN).

Among 14 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. Novartis Ag had 22 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Friday, March 24 with “Neutral”. The stock has “Neutral” rating by UBS on Friday, April 1. The rating was initiated by Argus Research on Tuesday, April 5 with “Hold”. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Neutral” rating by Credit Suisse on Wednesday, January 11. The stock has “Buy” rating by Argus Research on Thursday, November 10. The stock of Novartis AG (ADR) (NYSE:NVS) has “Market Perform” rating given on Wednesday, March 23 by Leerink Swann. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, March 23 report. The rating was downgraded by Cowen & Co on Wednesday, April 5 to “Market Perform”. The stock of Novartis AG (ADR) (NYSE:NVS) has “Buy” rating given on Tuesday, September 20 by Chardan Capital Markets. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Neutral” rating by JP Morgan on Tuesday, January 3.

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