ProPetro Holding Corp. (PUMP)
ProPetro Holding Corp. is an oilfield services company specializing in hydraulic fracturing and well completion services for the upstream oil and natural gas industry. Founded in 2012, the company primarily operates in the Permian Basin and provides innovative, high-pressure fracturing solutions designed to enhance production efficiency for exploration and production companies.
Company News
US oilfield service companies are being forced to slash prices, merge, or risk bankruptcy as a wave of mega-mergers among oil producers reduces their customer base.
Kinder Morgan (KMI) generates stable fee-based revenues from its vast network of midstream infrastructure. However, a slowdown in drilling activities might affect it.
Exxon is likely looking to put surplus cash to work, and there are many oil companies that may be acquisition targets for industry giants.
Upgrades According to Citigroup, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Sell to Neutral. In the first quarter, First Solar showed an EPS of $0.40, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $65.51. At the end of the last trading period, First Solar closed ...
The company said it planned to buy back a significant portion of its stock.
