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 Video: What is a Stock Split?
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| Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the U.S. and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the U.S.. Co. operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment consists of contract drilling, directional drilling, oilfield technology and electrical controls and automation businesses. It provides contract drilling services to oil and natural gas operators in the U.S. and Colombia. According to our PTEN split history records, Patterson-UTI Energy has had 3 splits. | |
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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.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
07/20/2016 |
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| End date: |
07/17/2026 |
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| Start price/share: |
$20.44 |
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| End price/share: |
$10.02 |
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| Starting shares: |
489.24 |
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| Ending shares: |
600.83 |
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| Dividends reinvested/share: |
$1.96 |
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| Total return: |
-39.80% |
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| Average Annual Total Return: |
-4.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,019.79 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
07/20/2016 |
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| End date: |
07/17/2026 |
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| Start price/share: |
$20.44 |
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| End price/share: |
$10.02 |
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| Dividends collected/share: |
$1.96 |
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| Total return: |
-41.39% |
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| Average Annual Total Return: |
-5.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,863.36 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/28/1997 | 2 for 1
| | 01/26/1998 | 2 for 1
| | 07/01/2004 | 2 for 1 |
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