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

7.71

Mkt cap

806M

Volume

287K

High

7.91

P/E Ratio

-6.12

52-wk high

10.02

Low

7.65

Div yield

N/A

52-wk low

6.54

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

Crude oil prices dropped over 6% following Israeli airstrikes in Iran, impacting U.S. energy stocks and sector ETFs. The United States Oil Fund (USO) saw a significant decline, and major energy ETFs like XLE, XOP, and OIH also experienced losses. Analysts predict oil prices will remain under pressure due to geopolitical tensions, China's declining demand, and potential OPEC+ production increases.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 1:27 pm

Barclays analyst David Anderson maintains an Overweight rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 7:47 pm

Stifel analyst Stephen Gengaro maintains a Buy rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $12 to $11.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:39 pm

ProPetro Holding (NYSE:PUMP) reported Q2 2024 GAAP EPS of $(0.08), missing the $0.08 estimate by 200%. Sales of $367.021M slightly beat the $366.712M estimate but were down 15.68% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:02 am

Stifel analyst Stephen Gengaro maintains a Buy rating on ProPetro Holding (NYSE:PUMP) but lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:15 pm

ProPetro Holding has announced the acquisition of Aqua Prop LLC, a wet sand solutions provider, for an initial cash consideration of $35.6 million. The deal includes future earnout incentives and potential growth capex considerations to align with both companies' growth targets and objectives, aiming to maximize value for ProPetro shareholders.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:05 am

Five energy stocks, including NextDecade Corporation, Targa Resources Corp., Teekay Tankers Ltd., Nordic American Tankers Limited, and ProPetro Holding Corp., are showing overbought signals with RSI values above 70. This could indicate potential price declines in the short term.

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 11:51 am

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