“It sounds like Raymond James expects $40 million in penalties more than what the firm accrued for,” said one senior industry executive, who spoke confidentially to InvestmentNews about the matter.
Patterson-UTI Energy Inc (PTEN) stock saw a decline, ending the day at $9.25 which represents a decrease of $-0.04 or -0.43% from the prior close of $9.29. The stock opened at $9.47 and touched a low ...