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Patterson-UTI Energy is an oilfield services company that primarily owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment. Co.'s business segments are: contract drilling services, which markets its contract drilling services to independent and other oil and natural gas operators; pressure pumping services, which provides pressure pumping services to oil and natural gas operators, primarily in Texas, the Mid-Continent region and the Appalachian region; and directional drilling services, which provides a suite of directional drilling services, including directional drilling and downhole performance motors in various onshore oil and natural gas basins. According to our PTEN split history records, Patterson-UTI Energy has had 3 splits.
PTEN split history picture
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. PTEN split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $13.73
End price/share: $3.36
Starting shares: 728.33
Ending shares: 824.05
Dividends reinvested/share: $2.10
Total return: -72.31%
Average Annual Total Return: -12.05%
Starting investment: $10,000.00
Ending investment: $2,770.20
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/06/2010
End date: 07/02/2020
Start price/share: $13.73
End price/share: $3.36
Dividends collected/share: $2.10
Total return: -60.23%
Average Annual Total Return: -8.81%
Starting investment: $10,000.00
Ending investment: $3,977.24
Years: 10.00
Date Ratio
07/28/19972 for 1
01/26/19982 for 1
07/01/20042 for 1
PTEN is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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