Split History
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Patterson-UTI Energy (PTEN) has 3 splits in our PTEN split history database. The first split for PTEN took place on July 28, 1997. This was a 2 for 1 split, meaning for each share of PTEN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. PTEN's second split took place on January 26, 1998. This was a 2 for 1 split, meaning for each share of PTEN owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. PTEN's third split took place on July 01, 2004. This was a 2 for 1 split, meaning for each share of PTEN owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Patterson-UTI Energy splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PTEN split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Patterson-UTI Energy shares, starting with a $10,000 purchase of PTEN, presented on a split-history-adjusted basis factoring in the complete PTEN split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/17/2024 | ||
| Start price/share: | $33.10 | ||
| End price/share: | $11.22 | ||
| Starting shares: | 302.11 | ||
| Ending shares: | 351.04 | ||
| Dividends reinvested/share: | $2.02 | ||
| Total return: | -60.61% | ||
| Average Annual Total Return: | -8.90% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $3,939.18 | ||
| Years: | 9.99 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/17/2024 | ||
| Start price/share: | $33.10 | ||
| End price/share: | $11.22 | ||
| Dividends collected/share: | $2.02 | ||
| Total return: | -60.00% | ||
| Average Annual Total Return: | -8.76% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $4,000.10 | ||
| Years: | 9.99 | ||
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| About Patterson-UTI Energy |
| Patterson-UTI Energy is an oilfield services company that primarily owns and operates a fleet of land-based drilling rigs in the U.S. and a fleet of pressure pumping equipment. Co. provides pressure pumping services to oil and natural gas operators, primarily in Texas and the Appalachian region. Pressure pumping services consist primarily of well stimulation services (such as hydraulic fracturing) for the completion of new wells and remedial work on existing wells. Co. provides a suite of directional drilling services, including directional drilling, measurement-while-drilling and supply and rental of downhole performance motors, in various onshore oil and natural gas basins in the U.S. According to our PTEN split history records, Patterson-UTI Energy has had 3 splits. |
| PTEN Split History Table | |
| Date | Ratio |
| 07/28/1997 | 2 for 1 |
| 01/26/1998 | 2 for 1 |
| 07/01/2004 | 2 for 1 |
| Energy Stock Splits |
| PTEN is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:
PVA Split History Also explore: PTEN shares outstanding history
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