Patterson-UTI Energy Inc (PTEN) Dividend History

Patterson-UTI Energy Inc (PTEN) is a leading provider of oil and natural gas well construction services in the United States. Founded in 2000, the company primarily offers drilling, well servicing, and related services to exploration and production companies, supporting onshore oil and natural gas development projects. Known for its fleet of drilling rigs and focus on technological innovation, Patterson-UTI plays a significant role in the energy sector's exploration and production efforts.

10713 West Sam Houston Parkway North, Houston, TX, 77064
Phone: (281) 765-7100
Website:

Dividend History

Pay Date Amount Ex Dividend Date Record Date
June 16, 2025 $0.08 06/02/2025 06/02/2025
March 17, 2025 $0.08 03/03/2025 03/03/2025
December 16, 2024 $0.08 12/02/2024 12/02/2024
September 16, 2024 $0.08 09/03/2024 09/03/2024
June 17, 2024 $0.08 06/03/2024 06/03/2024
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Dividends Summary

  • Patterson-UTI Energy Inc has issued 85 dividend payments over the past 21 years
  • The most recent dividend was paid 82 days ago, on March 17, 2025
  • The first recorded dividend was paid on June 2, 2004
  • The highest dividend payout was $0.16 per share
  • The average dividend over this 21 year span is $0.06 per share
  • Patterson-UTI Energy Inc has increased its dividend payments by 100.00% since 2004

Company News

  • Schlumberger, ADNOC Drilling, and Patterson-UTI have formed a joint venture to accelerate the UAE's unconventional oil and gas program, with a target of completing 144 wells by 2025.

    Benzinga
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  • Patterson-UTI Energy reported lower Q2 2024 earnings compared to the prior year due to weaker performance in its Drilling Services segment. The company's Completion Services segment saw strong revenue growth, but missed expectations. Patterson-UTI Energy returned $164 million to shareholders in Q2 and has $819 million remaining in its share repurchase authorization.

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  • Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  • Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.

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  • During the last three months, 7 analysts shared their evaluations of Patterson-UTI Energy (NASDAQ:PTEN), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 2 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $16.0, a high estimate of $18.00, and a low estimate of $14.00. Experiencing a 3.85% decline, the current average is now lower than the previous average price target of $16.64. Analyzing Analyst Ratings: A Detailed Breakdown The standing of Patterson-UTI Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Jason Bandel Evercore ISI Group Lowers Outperform $17.00 $18.00 Chase Mulvehill B of A Securities Lowers Buy $14.00 $14.50 Charles Minervino Susquehanna Maintains Positive $16.00 $16.00 Charles Minervino Susquehanna Maintains Positive $16.00 $16.00 Jason Bandel Evercore ISI Group Lowers Outperform $18.00 $19.00 Keith Mackey RBC Capital Lowers Outperform $16.00 $17.00 James Rollyson Raymond James Lowers Strong Buy $15.00 $16.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' ...Full story available on Benzinga.com

    Benzinga
Dividend data last updated 06/07/2025 19:03:54 UTC