ProPetro Announces $100 Million Share Repurchase Program
ProPetro Holding Corp.’s board of directors approved a $100 million share repurchase program,...
ProPetro Holding Corp.’s board of directors approved a $100 million share repurchase program, announced on May 17 in a press release. ProPetro is a Midland, Texas-based oilfield services company.
Under the program, ProPetro may repurchase outstanding common stock until May 31, 2024. The $100 million authorization represents approximately 13% of the company’s market capitalization based on the current share price.
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Commercial real-estate prices could tumble 10% from their peak and defaults are sure to increase,...
Commercial real-estate prices could tumble 10% from their peak and defaults are sure to increase, Moody's chief economist said. Higher interest rates, a credit crunch, and waning demand for office buildings are all working against the sector, in his view. Read more.
US stock futures rise early Thursday, as investors await the weekly jobless claims report...
US stock futures rise early Thursday, as investors await the weekly jobless claims report to measure the strength of the labor market. Meanwhile, the Philadelphia Fed's manufacturing survey numbers for May are also due out later today. Check out the latest market moves.
Earnings on deck: Walmart, Alibaba, and Charles Schwab, all reporting.
Crude oil prices rebounded today with gains for the day including a $2...
Crude oil prices rebounded today with gains for the day including a $2 jump for crude oil. The nearly 3% gain in crude oil came about due to increased optimism over oil demand and U.S. debt ceiling negotiations, which also drove the stock market higher.
West Texas Intermediate crude rose $1.97 a barrel or 2.8% to $72.83 on the New York Mercantile Exchange.
Global benchmark Brent crude gained $2.05 or 2.7% and closed at $76.96 on ICE Futures Europe.
June natural gas fell 1 cent to $2.37 per 1,000 cubic feet.
