ProPetro ticks lower after upsized $600 million convertible bonds offering

ProPetro Holding

05/05/2026 20:26

** Oilfield services firm ProPetro Holding's PUMP.N shares slip 1.4% to $16.68

** PUMP late Monday announced pricing of upsized private offering of $600 million convertible bonds due 2031

** Offering boosted from previously announced size of $500 million

** Proceeds to be used for funding additional power generation equipment and other purposes

** PUMP has 122.6 million shares outstanding, per LSEG data

** Six of 11 brokerages rate the stock "buy" or higher and five "hold"; median PT $16.50 - data compiled by LSEG

** As of last close, PUMP stock up 77.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))