Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
On March 22, 2017, we consummated our initial public offering ( " IPO " ) of our common stock at a price of $14.00 per share. Our common stock is traded on the New York Stock Exchange under the symbol “PUMP”.
Holders
As of December 31, 2021, there were 103,437,177 shares of common stock outstanding, held of record by six holders. The number of record holders of our common stock does not include Depository Trust Company participants or beneficial owners holding shares through nominee names.
Dividend
We do not anticipate declaring or paying any cash dividends to holders of our common stock in the foreseeable future. We currently intend to retain future earnings, if any, to finance the growth of our business and repay borrowings under our ABL Credit Facility, if any. Our future dividend policy is within the discretion of our Board and will depend upon then‑existing conditions, including our results of operations, financial condition, capital requirements, investment opportunities, statutory restrictions on our ability to pay dividends and other factors our Board may deem relevant. In addition, our ABL Credit Facility places certain restrictions on our ability to pay cash dividends.
Performance Graph
The quarterly changes for the periods shown in the following graph are based on the assumption that $100 had been invested in our common stock, the Russell 2000 Index ("Russell 2000") and a self-constructed peer group index of comparable companies ("Peer Group") on March 17, 2017 (the first trading date of our common stock), and that all dividends were reinvested at the closing prices of the dividend payment dates. The relevant companies included in our Peer Group consists of Liberty Oilfield Services Inc., Nextier Oilfield Solutions Inc., RPC, Inc., Calfrac Well Services Ltd., Patterson-UTI Energy, Inc. and Mammoth Energy Services, Inc. Subsequent measurement points are the last trading days of each quarter. The total cumulative dollar returns shown on the graph represent the value that such investments would have had on the last trading date of 2021. The calculations exclude trading commissions and taxes. The stock price performance on the following graph and table is not necessarily indicative of future stock price performance.
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Date Peer Group Russell 2000 ProPetro Holding Corp.
3/17/2017 $ 100.0 $ 100.0 $ 100.0
3/31/2017 $ 97.0 $ 100.1 $ 88.9
6/30/2017 $ 93.2 $ 102.6 $ 96.3
9/29/2017 $ 105.2 $ 108.4 $ 99.0
12/29/2017 $ 114.3 $ 112.0 $ 139.0
3/29/2018 $ 91.0 $ 111.9 $ 109.6
6/29/2018 $ 86.9 $ 120.6 $ 108.1
9/28/2018 $ 85.1 $ 124.9 $ 113.7
12/31/2018 $ 52.9 $ 99.7 $ 85.0
3/31/2019 $ 65.2 $ 114.2 $ 155.4
6/30/2019 $ 47.5 $ 116.6 $ 142.8
9/30/2019 $ 35.1 $ 113.8 $ 62.7
12/31/2019 $ 38.8 $ 125.1 $ 77.6
3/31/2020 $ 9.7 $ 86.8 $ 17.2
6/30/2020 $ 16.2 $ 108.9 $ 35.5
9/30/2020 $ 15.5 $ 114.3 $ 28.0
12/31/2020 $ 23.8 $ 150.1 $ 51.0
3/31/2021 $ 29.5 $ 169.2 $ 73.5
6/30/2021 $ 35.4 $ 176.5 $ 63.2
9/30/2021 $ 31.9 $ 168.8 $ 59.7
12/31/2021 $ 27.5 $ 172.4 $ 55.9
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Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.