ProPetro slides on stock offering launch

Oilfield services provider ProPetro PUMP.N shares down 5.9% at $10.47 post-market after planned equity raise news

Midland, Texas-based firm commences 12.5 mln share offering

Co intends to use net offering proceeds for general corporate purposes, including to fund growth capital for additional power generation equipment

Goldman Sachs lead bookrunner

Co will have ~117.1 mln shares outstanding post offering, per the prospectus

PUMP shares finished up 1.6% at $11.12 on Mon. Stock up 17% to begin 2026 and up about 80% over the past six months

4 of 9 analysts rate the stock "strong buy" or "buy", 5 "hold"; their median PT is $12, per LSEG data