The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Patterson-UTI Energy.
Investors who purchased shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) and currently hold any of those NASDAQ:PTEN shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
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 $17.31 per on November 28, 2014.
Those who purchased shares of Patterson-UTI Energy, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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