ProPetro (PUMP) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PUMP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PUMP, but not buy additional shares or sell existing shares.
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2 brokerages have issued 12-month price objectives for ProPetro's stock. Their PUMP share price targets range from $11.00 to $16.00. On average, they anticipate the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 52.4% from the stock's current price.
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ProPetro's stock was trading at $8.38 at the beginning of the year. Since then, PUMP shares have increased by 1.8% and is now trading at $8.53.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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ProPetro will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7906080".

ProPetro Holding Corp. (NYSE:PUMP) issued its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.24. The firm earned $347.80 million during the quarter, compared to analysts' expectations of $351.50 million. ProPetro had a net margin of 5.25% and a trailing twelve-month return on equity of 10.26%. The firm's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS.

ETFs with the largest weight of ProPetro (NYSE:PUMP) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), Direxion Daily Oil Services Bull 2X Shares (ONG) and iShares U.S. Oil Equipment & Services ETF (IEZ).VanEck Oil Services ETF (OIH).

15 employees have rated ProPetro Chief Executive Officer Phillip Boren on Glassdoor.com. Phillip Boren has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ProPetro investors own include NVIDIA (NVDA), Boeing (BA), Alibaba Group (BABA), Mastercard (MA), Broadcom (AVGO), Overstock.com (OSTK), QUALCOMM (QCOM), Visa (V), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

ProPetro (PUMP) raised $350 million in an IPO on Friday, March 17th 2017. The company issued 20,000,000 shares at a price of $16.00-$19.00 per share. Goldman Sachs, Barclays, Credit Suisse and J.P. Morgan acted as the underwriters for the IPO and Evercore ISI, RBC Capital Markets, Simmons & Company (Energy Specialists of Piper Jaffray), Raymond James, Deutsche Bank Securities, Tudor, Pickering, Holt and Johnson Rice & Company L.L.C. Jonnson Rice & Company were co-managers.

ProPetro's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.52%). Insiders that own company stock include Adam Munoz, David Scott Schorlemer, Elo Omavuezi, Michele Vion, Phillip A Gobe, Spencer D Armour III and Spencer D Armour III.
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Shares of PUMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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