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Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Investor Investigation Concerning Potential Breaches Of Fiduciary Duties Announced

  • If you purchased shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) and currently hold any of those NASDAQ:PTEN shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Patterson-UTI Energy, Inc.
Security
NASDAQ: PTEN

Summary

November 17, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Patterson-UTI Energy.

The investigation by a law firm concerns whether certain Patterson-UTI Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Patterson-UTI Energy, Inc. reported that its annual Total Revenue declined from over $2.72 billion in 2012 to over $2.71 billion in 2013 and that its respective Net Income declined from $299.48 million to $188.01 million. Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) declined from as high as $37.73 per share in July 2014 to as low as $20.31 per on November 13, 2014.

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