Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.verified

PTEN

Price:

$11.31

Market Cap:

$4.54B

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of...[Read more]

Industry

Oil & Gas Drilling

IPO Date

1993-11-02

Stock Exchange

NASDAQ

Ticker

PTEN

The Dividend Yield as of May 2024 (TTM) for Patterson-UTI Energy, Inc. (PTEN) is 2.83%

According to Patterson-UTI Energy, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 2.83%. This represents a change of 284.40% compared to the average of 0.74% of the last 4 quarters.

Patterson-UTI Energy, Inc. (PTEN) Historical Dividend Yield (quarterly & annually)

How has PTEN Dividend Yield performed in the past?

The mean historical Dividend Yield of Patterson-UTI Energy, Inc. over the last ten years is 1.63%. The current 2.83% Dividend Yield has changed 73.56% with respect to the historical average. Over the past ten years (40 quarters), PTEN's Dividend Yield was at its highest in in the March 2020 quarter at 1.70%. The Dividend Yield was at its lowest in in the December 2016 quarter at 0.07%.

Quarterly (TTM)
Annual

Average

1.63%

Median

1.44%

Minimum

0.36%

Maximum

3.31%

Patterson-UTI Energy, Inc. (PTEN) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Patterson-UTI Energy, Inc. Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 278.32%

Maximum Annual Dividend Yield = 3.31%

Minimum Annual Increase = -77.64%

Minimum Annual Dividend Yield = 0.36%

Quarterly (TTM)
Annual
YearDividend YieldChange
20233.31%179.62%
20221.19%25.15%
20210.95%-50.35%
20201.91%25.39%
20191.52%12.53%
20181.35%278.32%
20170.36%-40.38%
20160.60%-77.64%
20152.68%9.90%
20142.44%206.19%

Patterson-UTI Energy, Inc. (PTEN) Average Dividend Yield

How has PTEN Dividend Yield performed in the past?

The current Dividend Yield of Patterson-UTI Energy, Inc. (PTEN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.82%

5-year avg

1.77%

10-year avg

1.63%

Patterson-UTI Energy, Inc. (PTEN) Dividend Yield vs. Peers

How is PTEN’s Dividend Yield compared to its peers?

Patterson-UTI Energy, Inc.’s Dividend Yield is greater than Nabors Industries Ltd. (0%), greater than Precision Drilling Corporation (0%), greater than Diamond Offshore Drilling, Inc. (0%), less than Noble Corporation (2.31%), less than Helmerich & Payne, Inc. (4.53%), greater than Seadrill Limited (0%), less than Borr Drilling Limited (1.69%), greater than Transocean Ltd. (0%),

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