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:

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.