NYSE:PUMPEnergy Services
A Look At ProPetro Holding (PUMP) Valuation After Its $150 Million Follow On Equity Offering
Why ProPetro Holding (PUMP) just raised fresh equity
ProPetro Holding (PUMP) has completed a $150 million follow on equity offering, issuing 15,000,000 common shares at $10 each with a $0.475 discount per share, a move that reshapes its capital base.
See our latest analysis for ProPetro Holding.
The equity raise comes after a choppy stretch, with a 30 day share price return of 20.73% and a 1 year total shareholder return of 30.85%, suggesting momentum has been picking up recently.
If this...