An investigation on behalf of investors in Patterson-UTI Energy, Inc. (NASDAQ: PTEN) shares over potential wrongdoing at Patterson-UTI Energy, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/07/2020 -- An investigation on behalf of investors in shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) was announced over potential breaches of fiduciary duties by certain directors at Patterson-UTI Energy, Inc.
Investors who purchased shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Patterson-UTI Energy directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houston, TX based Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. Patterson-UTI Energy, Inc. reported that its annual Total Revenue declined from over $3.32 billion in 2018 to over $2.47 billion in 2019 and that its Net Loss increased from $321.42 million in 2018 to $425.7 million in 2019.
Shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) declined from $10.95 per share in January 2020 to as low as $1.61 per share on April 3, 2020.
Those who purchased shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.