Energy News / Shareholders Foundation, Inc.

NYSE:PUMP Shareholder Notice: Investigation over Possible Securities Laws Violations by ProPetro Holding Corp.

Via: ReleaseWire

Updated 12:00 PM CDT, Wed, September 04,2019

An investigation for investors in ProPetro Holding Corp. (NYSE: PUMP) shares over potential securities laws violations by ProPetro Holding Corp. was announced and NYSE: PUMP stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 09/04/2019 -- An investigation on behalf of investors of ProPetro Holding Corp. (NYSE: PUMP) shares over potential securities laws violations by ProPetro Holding Corp. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of ProPetro Holding Corp. (NYSE: PUMP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ProPetro Holding Corp. (NYSE: PUMP) concerning whether a series of statements by ProPetro Holding Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Midland, TX based ProPetro Holding Corp., an oilfield services company, provides pressure pumping and other related services. ProPetro Holding Corp. reported that its annual Total Revenue rose from $981.86 million in 2017 to over $1.7 billion in 2018 and that its Net Income increased from $12.61 million in 2017 to $173.86 million in 2018.

On August 8, 2019, ProPetro Holding Corp announced that it is delaying its second quarter earnings conference call and quarterly report, citing an ongoing review by its audit committee. Among other things, the review concerned related party transactions, potential conflicts of interest, and expense reimbursements.

Shares of ProPetro Holding Corp. (NYSE: PUMP) declined from $21.83 per share in early July 2019 to as low as $10.19 per share on August 23, 2019.

Those who purchased shares of ProPetro Holding Corp. (NYSE: PUMP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysepump-shareholder-notice-investigation-over-possible-securities-laws-violations-by-propetro-holding-corp-1258325.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com