Patterson-UTI Energy (NASDAQ:PTEN) Has Announced A Dividend Of $0.08 [Yahoo! Finance]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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patenergy.com
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Source: Yahoo! Finance
View our latest analysis for Patterson-UTI Energy Patterson-UTI Energy's Payment Has Solid Earnings Coverage We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Before making this announcement, Patterson-UTI Energy was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Over the next year, EPS is forecast to expand by 96.3%. Assuming the dividend continues along recent trends, we think the payout ratio could be 26% by next year, which is in a pretty sustainable range. Dividend Volatility The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from an annual total of $0.20 in 2014 to the most recent total annual payment of $0.32. This means that it has been growing its distributions at 4.8% per annum over that time. The dividend has seen some fluctuations in the past, so even though the div
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News
- Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Evercore ISI from $18.00 to $17.00. They now have an "outperform" rating on the stock.MarketBeat
- Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 Accesswire
PTEN
Earnings
- 5/2/24 - Beat
PTEN
Sec Filings
- 5/2/24 - Form 8-K
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- PTEN's page on the SEC website