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OFFON

PROPETRO HOLDING CORP.

(PUMP)
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PROPETRO HOLDING CORP. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

04/05/2021 | 05:21pm EDT

Item 5.02 Departures of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.




President Appointment



On April 5, 2021, Samuel D. Sledge, currently the Chief Strategy and Administrative Officer of ProPetro Holding Corp. (the "Company"), was appointed as President of the Company, effective immediately. Although no modifications were made to Mr. Sledge's compensation at the time of his appointment, Mr. Sledge's compensation will be reviewed by the Compensation Committee of the Company's board of directors (the "Committee") at the Committee's next regularly scheduled meeting.

Samuel D. Sledge has served as the Company's Chief Strategy and Administrative Officer since March 2020. Mr. Sledge has significant experience with the Company, having joined the Company in 2011. Mr. Sledge has served in various capacities throughout his tenure such as a Frac Technical Specialist and Technical Operations Manager where his duties included quality control, planning and logistics, and the development of the engineering program. Prior to serving as Chief Strategy and Administrative Officer, Mr. Sledge served as the Vice President of Finance, Corporate Development, and Investor Relations where his responsibilities included financial planning and analysis, strategic initiatives and investor relations. Mr. Sledge received a Bachelor of Business Administration and a Masters of Business Administration from Baylor University.

There are no arrangements or understandings between Mr. Sledge and any other persons pursuant to which he was selected to serve as the Company's President. There are no family relationships between Mr. Sledge and any director or executive officer of the Company. Information regarding Mr. Sledge required by Item 404(a) of Regulation S-K was previously disclosed in the Company's proxy statement filed on March 26, 2021 and is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure.

On April 5, 2021, the Company issued a press release announcing the appointment of Mr. Sledge as President. A copy of the press release is furnished as Exhibit 99.1 hereto.

The information furnished with this report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.





(d)  Exhibits.



Exhibit
 Number                            Description of Exhibit
  99.1       Press release, dated April 5, 2021.

  104      Cover Page Interactive Data File. The cover page XBRL tags are
           embedded within the inline XBRL document (contained in Exhibit 101)




                                       2

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 834 M - -
Net income 2021 -26,4 M - -
Net cash 2021 72,4 M - -
P/E ratio 2021 -34,6x
Yield 2021 -
Capitalization 1 038 M 1 038 M -
EV / Sales 2021 1,16x
EV / Sales 2022 0,89x
Nbr of Employees 1 100
Free-Float 70,5%
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Technical analysis trends PROPETRO HOLDING CORP.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 11,92 $
Last Close Price 10,46 $
Spread / Highest target 33,8%
Spread / Average Target 14,0%
Spread / Lowest Target -23,5%
EPS Revisions
Managers and Directors
NameTitle
Phillip A. Gobe Chairman & Chief Executive Officer
Samuel D Sledge President
David S. Schorlemer Chief Financial Officer
Adam Munoz Chief Operating Officer
Spencer D. Armour Independent Director
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