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Investigation for Investors in shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) announced

04-29-2020 10:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Patterson-UTI Energy, Inc. (NASDAQ: PTEN) shares over potential wrongdoing.

An investigation on behalf of investors in Patterson-UTI Energy, Inc. (NASDAQ: PTEN) shares over potential wrongdoing.

An investigation was announced concnering 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.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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