PUMP ProPetro Holding Corp.

ProPetro Files Resale Shelf Registration Statement

ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP), today announced that it has filed a resale shelf registration statement with the Securities and Exchange Commission ("SEC") relating to approximately 17.3 million shares of its common stock held by certain of its investors. This resale shelf registration statement, which may be used from time to time by these investors, has been filed pursuant to a registration rights agreement entered into by the Company in connection with its private placement completed in December 2016.

To the extent any sales of common stock are made under the resale shelf registration statement, the Company will not receive any proceeds. The resale shelf registration statement has been filed with the SEC but has not yet become effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of the Company’s common stock, nor shall there be any sale of shares of the Company’s common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

About ProPetro

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.

Forward-Looking Statements

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company’s filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

EN
08/09/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ProPetro Holding Corp.

Propetro Holding Corp: 2 directors

Two Directors at Propetro Holding Corp sold 33,916 shares at between 10.640USD and 10.840USD. The significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Semiconductors Re-emerge as Leadership; Still Bullish The Fed injected some volatility into the market after their December meeting, as they noted an uncertain inflation outlook and the SEP showed the median expected rate cuts for 2025 fell to just 50bps, down from 100bps at the September meeting. We discussed in our latest report (12/23/24 ETF Pathfinder), and continue to believe, that this is a buying opportunity. Market dynamics remain risk-on, the S&P 500 remains above 5850 (a key support l...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Expecting Russell 2000 (IWM) Breakout Above $199 We continue to believe the path of least resistance is higher for the major equity indexes, which has been our stance since our 5/30/23 ETF Pathfinder. We also remain bullish on the S&P 500, and we expect to see support at its 50-day MA moving forward. Beginning with our 7/18/23 Compass, we discussed our expectation for major 1+ year breakouts on the equal-weighted S&P 500 (RSP), Dow, and Russell 2000 (IWM). The breakouts happened later that day ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+24)

Vermilion Compass: Weekly Equity Strategy

Bear Market Rally Continues The market remains in bear market rally mode, and our price target remains the 200-day MAs on the S&P 500 and Russell 2000 (IWM), as discussed in last week's Compass (Oct. 25). Longer-term, this is still a bear market until the S&P 500 and IWM can break above their respective YTD downtrends/200-day MAs, and markets could easily test their lows again. With that said, there are signs that suggest breakouts above YTD downtrends/200-day MAs could be coming. Catalysts inc...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+29)

Vermilion Compass: Weekly Equity Strategy

Another Bear Market Rally Begins The bear market rally we have been discussing since our Sept. 27 Compass has begun, with over half of the Sectors and all the major indexes (S&P 500, Nasdaq 100, DJIA, and S&P 600 Small Caps) showing bullish 2+ month inflections. As referenced last week, we expect the aforementioned indexes to rally to their respective 200-day MAs; longer-term, this is still a bear market until they can break above their respective 200-day MAs. Bullish 2+ Month Inflections. As ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch