Patterson-UTI Energy (NASDAQ: PTEN) shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $24.34 as of 9:36 a.m. ET, the dividend yield is 0.8%. The average volume for Patterson-UTI Energy has been 3.4 million shares per day over the past 30 days. Patterson-UTI Energy has a market cap of $3.5 billion and is part of the energy industry. Shares are up 29.4% year to date as of the close of trading on Monday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company has a P/E ratio of 12.30. Currently there are 11 analysts that rate Patterson-UTI Energy a buy, 1 analyst rates it a sell, and 8 rate it a hold. TheStreet Ratings rates Patterson-UTI Energy as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Patterson-UTI Energy Ratings Report now.
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