San Diego, CA -- (SBWire) -- 11/18/2014 --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.
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 mail@shareholdersfoundation.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 $20.31 per on November 13, 2014.
On November 14, 2014, NASDAQ:PTEN shares closed at $21.33 per share.
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
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Investor Alert: Investigation over Potential Wrongdoing
An investigation on behalf of investors in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) shares over potential wrongdoing at Patterson-UTI Energy was announced and NASDAQ:PTEN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com