Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the U.S. and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the U.S.. Co. operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment consists of contract drilling, directional drilling, oilfield technology and electrical controls and automation businesses. It provides contract drilling services to oil and natural gas operators in the U.S. and Colombia. We show 63 historical shares outstanding datapoints in our PTEN shares outstanding history coverage, used to compute PTEN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PTEN market cap history over the course of time is important for investors
interested in comparing PTEN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PTEN versus a peer is one thing; comparing
PTEN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PTEN can fluctuate over the course of history.
With this page we aim to empower investors researching PTEN by allowing them to research the PTEN market cap history. |
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Video: The Importance of Market Cap
