TheStreet Ratings Top 10 Rating Changes
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas exploration and production companies in the United States and Canada. The company has a P/E ratio of 6.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Patterson-UTI Energy has a market cap of $2.2 billion and is part of the basic materials sector and energy industry. Shares are down 29.5% year to date as of the close of trading on Tuesday.
Rating Change #9
VeriFone Systems Inc (PAY) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow.
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