Essent Group Set to Join S&P MidCap 400; Coherus BioSciences, Patterson-UTI Energy to Join S&P SmallCap 600

NEW YORK, May 26, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, June 1:

• Coherus BioSciences Inc. (NASD:CHRS) will replace Opus Bank (NASD:OPB) in the S&P SmallCap 600. Pacific Premier Bancorp Inc. (NASD:PPBI) is acquiring Opus Bank in a transaction expected to be completed soon pending final conditions.
• Essent Group Ltd. (NYSE:ESNT) will replace Patterson-UTI Energy Inc. (NASD:PTEN) in the S&P MidCap 400, and Patterson-UTI Energy will replace Noble Corporation plc (NYSE:NE) in the S&P SmallCap 600. Noble is no longer representative of the small-cap market space.

Coherus Biosciences is a biotherapeutics company that focuses on the biosimilar market. Headquartered in Redwood City, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.

Essent Group offers mortgage insurance, reinsurance, and risk management products. Headquartered in Hamilton, Bermuda, the company will be added to the S&P MidCap 400 GICS Thrifts & Mortgage Finance Sub-Industry index.

Patterson-UTI Energy is a provider of oilfield services and products. Headquartered in Houston,TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Drilling Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – JUNE 1, 2020
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Essent Group	Financials	Thrifts & Mortgage Finance
DELETED	Patterson-UTI Energy	Energy	Oil & Gas Drilling

 

S&P SMALLCAP 600 INDEX –JUNE 1, 2020
	COMPANY	GICS ECONOMIC SECTOR	GICS SUB-INDUSTRY
ADDED	Coherus Biosciences	Health Care	Biotechnology
	Patterson-UTI Energy	Energy	Oil & Gas Drilling
DELETED	Opus Bank	Financials	Regional Banks
	Noble Corp	Energy	Oil & Gas Drilling

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
[e-mail]

Media Inquiries
[e-mail]

Index Governance Inquiries
[e-mail]

View original content:http://www.prnewswire.com/news-releases/essent-group-set-to-join-sp-midcap-400-coherus-biosciences-patterson-uti-energy-to-join-sp-smallcap-600-301065610.html

SOURCE S&P Dow Jones Indices

Copyright 2020 PR Newswire