UPDATE 1-Oilfield firm ProPetro ousts CEO over lack of loan disclosure [Reuters]
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
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Source: Reuters
UPDATE 1-Oilfield firm ProPetro ousts CEO over lack of loan disclosure (New throughout, adds details on audit, other management changes, background) By Liz Hampton March 16 (Reuters) - Oilfield services firm ProPetro Holding Corp disclosed on Monday it ousted Chief Executive Officer Dale Redman, saying he violated its insider trading policies over use of shares pledged for personal loans, and admitted it had issued inaccurate information on his holdings. The shakeup was the latest in a series of departures since last year, when the company disclosed it had issued inaccurate information about an equipment contract and was reviewing accounting controls and public disclosures. Redman, a co-founder of the shale fracking provider, pledged shares in 2017 and 2018 for personal loans without disclosing it to the board. Company insider trading policies prohibit “pledging the Company’s securities as collateral to secure loans,” the company said. The former CEO “engaged in other inappropriate co
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PUMP
News
- ProPetro Holding Corp. (NYSE: PUMP) had its price target raised by analysts at Barclays PLC from $12.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
- ProPetro Holding Corp. (NYSE: PUMP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- ProPetro Holding Corp. (NYSE:PUMP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- ProPetro (PUMP) Q1 Earnings Beat Estimates, Revenues Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- ProPetro Reports Financial Results for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
PUMP
Earnings
- 5/1/24 - Beat
PUMP
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 144
- 5/3/24 - Form SC
- PUMP's page on the SEC website