Patterson-UTI Energy is an oilfield services company that primarily owns and operates a fleet of land-based drilling rigs in the U.S. and a fleet of pressure pumping equipment. Co. provides pressure pumping services to oil and natural gas operators, primarily in Texas and the Appalachian region. Pressure pumping services consist primarily of well stimulation services (such as hydraulic fracturing) for the completion of new wells and remedial work on existing wells. Co. provides a suite of directional drilling services, including directional drilling, measurement-while-drilling and supply and rental of downhole performance motors, in various onshore oil and natural gas basins in the U.S. The PTEN stock yearly return is shown above.
The yearly return on the PTEN stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the PTEN annual return calculation with any dividends reinvested as applicable (on ex-dates).
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