On 2016-07-28, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) confirmed the dividend disbursement of $0.02 a share to shareholders as on record 2016-09-08. The firm will release dividend on 2016-09-22 while ex-dividend date is reported to be 2016-09-06.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) paid a total of $0.02 per share in dividends. This figure stood at $0.02 a share in the same period a year ago indicating a deviation of 0%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $21.666 on the stock. This figure is the average of recommendations offered by 18 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $34 and $12, respectively.
Taking the mathematical rating formula, the price for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) stands at 2.27. Earnings Review Patterson-UTI Energy, Inc. (NASDAQ:PTEN) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $-0.59.
Coming to the quarter ending on 2015-12-31, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) recorded EPS of $-0.58. The reported numbers came lower than the analysts’ estimates of $-0.63, demonstrating a miss of $0.05 as against reported figures.
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