ProPetro (NYSE:PUMP) Sets New 52-Week High - Time to Buy?

Key Points

• ProPetro hit a new 52-week high of $15.49 on Monday (last $15.12) with about 290,676 shares traded, trading above its 50- and 200-day moving averages of $12.29 and $9.70.
• The company beat estimates with quarterly EPS of $0.01 (vs. -$0.13 est.) and revenue of $289.7M (vs. $279.9M est.), but revenue fell 9.6% year‑over‑year and profitability remains minimal (net margin 0.06%, ROE 0.10%).
• Analyst views are mixed — five Buys, three Holds and one Sell with an average rating of "Hold" and an average price target of $13.57, though recent notes from Bank of America ($18), Piper Sandler ($17) and JPMorgan (upgraded to overweight) are more bullish; institutional ownership is high at 84.7%.

ProPetro Holding Corp. (NYSE:PUMP - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $15.49 and last traded at $15.1210, with a volume of 290676 shares. The stock had previously closed at $14.69.

Analyst Ratings Changes

Several research firms have recently issued reports on PUMP. Weiss Ratings reissued a "sell (d-)" rating on shares of ProPetro in a research note on Monday, December 29th. Piper Sandler lifted their target price on ProPetro from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded shares of ProPetro from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $7.00 to $13.00 in a research note on Wednesday, December 10th. Bank of America assumed coverage on ProPetro in a research note on Monday. They issued a "buy" rating and a $18.00 price objective on the stock. Finally, Barclays upped their price target on ProPetro from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.57.

ProPetro Trading Up 2.7%

The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 1,504.20 and a beta of 0.70. The business's 50 day moving average price is $12.29 and its 200-day moving average price is $9.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 1.24.

ProPetro (NYSE:PUMP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.14. The company had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The firm's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) EPS. Equities analysts forecast that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On ProPetro

Several institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of ProPetro in the fourth quarter valued at about $56,000. Trek Financial LLC purchased a new position in ProPetro in the 3rd quarter valued at approximately $57,000. Dark Forest Capital Management LP acquired a new position in ProPetro during the third quarter worth $57,000. MQS Management LLC acquired a new position in ProPetro during the third quarter worth $58,000. Finally, PharVision Advisers LLC purchased a new stake in ProPetro during the second quarter worth $60,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients' development targets across unconventional plays.

The company's core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.

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