ProPetro (PUMP) Stock Price, News & Analysis

2 Wall Street 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 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 Wall Street analysts have issued twelve-month target prices for ProPetro's shares. Their PUMP share price targets range from $11.00 to $16.00. On average, they anticipate the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 55.9% 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 stock has decreased by 0.5% and is now trading at $8.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PUMP earnings forecast.

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) announced its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.08 by $0.24. The business earned $347.80 million during the quarter, compared to the consensus estimate of $351.50 million. ProPetro had a net margin of 5.25% and a trailing twelve-month return on equity of 10.26%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $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 initial public offering (IPO) 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.

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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