ProPetro (PUMP) Stock Price, News & Analysis

Company Overview

ProPetro Holding Corp. operates as an integrated oilfield services company. The company provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.

Key Stats

• Today's Range: $7.55 to $7.91
• 50-Day Range: $6.58 to $8.55
• 52-Week Range: $6.53 to $10.02
• Volume: 934,421 shs
• Average Volume: 1.27 million shs
• Market Capitalization: $780.21 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.33
• Consensus Rating: Moderate Buy

ProPetro Stock Analysis - MarketRank™

ProPetro scored higher than 75% of companies evaluated by MarketBeat, and ranked 98th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ProPetro has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ProPetro has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 78.26%

Earnings Growth

Earnings for ProPetro are expected to grow by 78.26% in the coming year, from $0.23 to $0.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ProPetro is -5.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of ProPetro is -5.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

ProPetro has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.67% of the float of ProPetro has been sold short.

Short Interest Ratio / Days to Cover

ProPetro has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in ProPetro has recently decreased by 6.11%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ProPetro does not currently pay a dividend.

Dividend Growth

ProPetro does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.67% of the float of ProPetro has been sold short.

Short Interest Ratio / Days to Cover

ProPetro has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in ProPetro has recently decreased by 6.11%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

ProPetro has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for ProPetro this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for PUMP on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ProPetro insiders have sold 33.79% more of their company's stock than they have bought. Specifically, they have bought $30,870.00 in company stock and sold $41,300.00 in company stock.

Percentage Held by Insiders

Only 0.88% of the stock of ProPetro is held by insiders.

Percentage Held by Institutions

84.70% of the stock of ProPetro is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PUMP Stock Analysis - Frequently Asked Questions

How have PUMP shares performed this year?

ProPetro's stock was trading at $8.38 on January 1st, 2024. Since then, PUMP shares have decreased by 9.5% and is now trading at $7.58.
View the best growth stocks for 2024 here.

How were ProPetro's earnings last quarter?

ProPetro Holding Corp. (NYSE:PUMP) issued its quarterly earnings data on Wednesday, July, 31st. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.11. ProPetro's revenue for the quarter was down 17.9% on a year-over-year basis.

When did ProPetro IPO?

ProPetro (PUMP) raised $350 million in an initial public offering on Friday, March 17th 2017. The company issued 20,000,000 shares at $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.

Who are ProPetro's major shareholders?

ProPetro's top institutional shareholders include Pacer Advisors Inc. (6.95%), State Street Corp (3.64%), Geode Capital Management LLC (1.88%) and Charles Schwab Investment Management Inc. (1.24%). Insiders that own company stock include David Scott Schorlemer, Adam Munoz, Michele Vion and Elo Omavuezi.
View institutional ownership trends.

How do I buy shares of ProPetro?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of ProPetro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ProPetro investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), Palo Alto Networks (PANW) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:PUMP
• CUSIP: N/A
• CIK: 1680247
• Web: www.propetroservices.com
• Phone: (432) 688-0012
• Fax: 432-688-3976
• Employees: 2,070
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.33
• High Stock Price Target: $12.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +36.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.33)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 32.96
• P/E Growth: N/A
• Net Income: $85.63 million
• Net Margins: -9.37%
• Pretax Margin: -11.36%
• Return on Equity: 1.31%
• Return on Assets: 0.86%

Debt

• Debt-to-Equity Ratio: 0.05
• Current Ratio: 1.20
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $1.63 billion
• Price / Sales: 0.48
• Cash Flow: $2.42 per share
• Price / Cash Flow: 3.13
• Book Value: $8.09 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 102,930,000
• Free Float: 102,024,000
• Market Cap: $780.21 million
• Optionable: Optionable
• Beta: 2.04