Patterson-UTI Energy Inc (PTEN) Stock Split History

Patterson-UTI Energy Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on July 28, 1997 with the ratio of 2-for-1, meaning that for 1 share of PTEN owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on July 01, 2004 on a 2-for-1 basis.

These splits have increased PTEN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Patterson-UTI Energy Inc's total market capitalization.

For more detailed information of Patterson-UTI Energy Inc's stock splits, view the table below:

PTEN stock split list

Date	Split Ratio
2004-07-01	2 - for - 1
1998-01-26	2 - for - 1
1997-07-28	2 - for - 1

Will Patterson-UTI Energy Inc Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Patterson-UTI Energy Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PTEN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Patterson-UTI Energy Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol	Latest Split Date	Split Ratio
RIG	1997-09-22	2 - for - 1
PTEN	2004-07-01	2 - for - 1
HP	2006-07-10	2 - for - 1
BORR	2021-12-14	1 - for - 2
PDS	2020-11-12	1 - for - 20
PDS	2020-11-12	1 - for - 20
NBR	2020-04-23	1 - for - 50
NBR	2020-04-23	1 - for - 50
ICD	2020-03-12	1 - for - 20
ICD	2020-03-12	1 - for - 20