Patterson-UTI Energy Inc
NASDAQ:PTEN
PTEN's latest stock split occurred on Jul 1, 2004
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, PTEN traded at 33.41 per share. Afterward, the share price was about 12.2941.
The adjusted shares began trading on Jul 1, 2004. This was PTEN's 5th stock split, following the previous one in Oct 4, 2000.
WTO
Patterson-UTI Energy Inc
Glance View
Patterson-UTI Energy Inc. stands as a formidable player in the energy sector, weaving its narrative through the vast landscape of oilfield services. Headquartered in Houston, Texas, the company has carved out a significant niche in the drilling and pressure pumping markets. At the core of its operations lies a robust fleet of high-spec drilling rigs, designed to tackle the complexities of modern energy extraction. Through its contract drilling segment, Patterson-UTI deploys these rigs across key basins in the United States, providing essential services that enable oil and natural gas companies to efficiently extract resources. This strategic focus on technologically advanced and performance-driven rig operations serves as a primary revenue source, making the company an indispensable partner in the upstream sector. Beyond drilling, Patterson-UTI leverages its expertise in pressure pumping services, which are critical in the hydraulic fracturing process, a method used extensively to enhance oil and gas recovery from challenging reservoirs. By offering integrated solutions that encompass both drilling and completion services, the company strives to maximize operational efficiency and deliver value to its clients. Furthermore, Patterson-UTI extends its prowess in the energy sector through strategic acquisitions and investments, constantly adapting to the shifting dynamics of the industry. Its business model is thereby firmly grounded in providing essential services that align with the evolving needs of energy producers, ultimately driving its financial performance and sustaining its competitive edge.
You don't have any saved screeners yet