Streetbeat News

PUMP

ProPetro Holding Corp.

https://www.propetroservices.com

Industry

Oil & Gas Equipment & Services

ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. As of December 31, 2021, its fleet comprised 12 hydraulic fracturing units with 1,423,000 hydraulic horsepower. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.

Open

8.77

Mkt cap

900M

Volume

13M

High

9.18

P/E Ratio

-6.83

52-wk high

10.02

Low

8.66

Div yield

N/A

52-wk low

6.54

ProPetro has secured a term contract to provide electric hydraulic fracturing services to a major operator in the Permian Basin. This contract will expand ProPetro's FORCE fleet and mobile power generation capabilities.

Portfolio Pulse from

December 20, 2024 | 12:00 pm

ProPetro (PUMP) shares are gaining momentum due to positive earnings estimate revisions, suggesting potential for further short-term price increases.

Portfolio Pulse from

December 12, 2024 | 6:30 pm

ProPetro (PUMP) has been upgraded to a Zacks Rank #2 (Buy), indicating increased optimism about its earnings prospects, which could lead to a rise in its stock price.

Portfolio Pulse from

December 12, 2024 | 6:15 pm

The article discusses whether value investors should consider buying ProPetro Holding (PUMP) stock, focusing on the Zacks Rank system which emphasizes earnings estimates and revisions.

Portfolio Pulse from

December 12, 2024 | 4:00 pm

ProPetro (PUMP) is highlighted as a strong momentum stock that remains reasonably priced, making it an attractive option for investors seeking value in fast-paced stocks.

Portfolio Pulse from

December 12, 2024 | 3:00 pm

ProPetro's stock surged by 18% following the launch of its new subsidiary, ProPWR, which focuses on mobile power generation. The company has invested $122 million and secured an order for 110 megawatts to meet increasing energy demands.

Portfolio Pulse from

December 11, 2024 | 1:00 pm

ProPetro (PUMP) has seen a 22.7% increase in its stock price since its last earnings report 30 days ago. Investors are curious about the stock's future performance.

Portfolio Pulse from

November 29, 2024 | 5:45 pm

Citigroup analyst Scott Gruber maintains a Neutral rating on ProPetro Holding (NYSE:PUMP) and lowers the price target from $8.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 9:24 pm

ProPetro has revised its full-year 2024 capital expenditure guidance downwards to $150M-$175M from the previous $175M-$200M. This marks the second reduction in capex guidance this year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:11 am

ProPetro Holding (NYSE:PUMP) reported a significant earnings miss for Q3 2024, with a GAAP EPS of $(1.32) compared to the expected $0.07. Sales also fell short of expectations, coming in at $360.870 million versus the $364.741 million estimate. Both earnings and sales showed a substantial decline from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:10 am

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