Patterson-UTI Energy, Inc. (NASDAQ:PTEN) will begin trading ex-dividend on December 2, 2020. The quarterly dividend payment of $ 0.02 per share is scheduled to be paid on December 17, 2020. The dividend yield based on the latest trading day closing price was 1.86 percent. Shareholders who purchased PTEN shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Patterson-UTI Energy, Inc. recently reported third quarter financial results on October 22, 2020, before market open, the Houston based company announced loss for the third quarter of $ 0.60 per share, from the revenue of $ 207.14 million. The quarterly revenues reduced 65.39 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.62 per share from $ 196.10 million in revenue. The bottom line results beat street analysts by $ 0.02 or 3.23 percent, at the same time, top line results outshined analysts by $ 11.04 million or 5.63 percent.
Stock Performance
Shares of Patterson-UTI Energy, Inc. traded low $ -0.34 or -7.31 percent on Monday, reaching $ 4.31 with volume of 2.24 million shares. Patterson-UTI Energy, Inc. has traded high as $ 4.60 and has cracked $ 4.28 on the downward trend
According to the previous trading day, closing price of $ 4.31, representing a 188.82 % increase from the 52 week low of $ 1.61 and a 57.53 % decrease over the 52 week high of $ 10.95.
The company has a market capital of $ 808.10 million and is part of the Energy sector and Oil & Gas Drilling industry.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada.
