NYSE:PUMP

ProPetro (PUMP) Stock Forecast, Price & News

$10.63

-0.21 (-1.94%)

(As of 09/29/2023 ET)

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Today's Range: $10.50
▼
$10.81
50-Day Range: $9.45
▼
$10.83
52-Week Range: $6.33
▼
$12.58

Volume: 1.36 million shs
Average Volume: 1.91 million shs
Market Capitalization: $1.20 billion

P/E Ratio: 13.12
Dividend Yield: N/A
Price Target: $12.67

ProPetro MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 19.2% Upside
$12.67 Price Target
Short Interest: Bearish
6.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.12
Based on 8 Articles This Week
Insider Trading: Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth: 53.91%
From $1.15 to $1.77 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Oils/Energy Sector

165th out of 248 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

12th out of 20 stocks

2.3

Analyst's Opinion

Consensus Rating
ProPetro has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.67, ProPetro has a forecasted upside of 19.2% from its current price of $10.63.
Amount of Analyst Coverage
ProPetro has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.29% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ProPetro has recently increased by 2.85%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
ProPetro does not currently pay a dividend.
Dividend Growth
ProPetro does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PUMP.

2.3

News and Social Media Coverage

News Sentiment
ProPetro has a news sentiment score of 0.12. 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 is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for ProPetro this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for PUMP on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
2 people have added ProPetro to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ProPetro insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,452,243.00 in company stock.
Percentage Held by Insiders
Only 0.88% of the stock of ProPetro is held by insiders.
Percentage Held by Institutions
78.54% of the stock of ProPetro is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ProPetro are expected to grow by 53.91% in the coming year, from $1.15 to $1.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ProPetro is 13.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of ProPetro is 13.12, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.01.
Price to Book Value per Share Ratio
ProPetro has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ProPetro (NYSE:PUMP) Stock

ProPetro Holding Corp., an integrated oilfield services 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.

PUMP Price History

30 days | 90 days | 365 days | Advanced Chart

PUMP Stock News Headlines

September 27, 2023 | stocknews.com

3 Inexpensive Energy Stocks to Buy Before October

September 27, 2023 | finance.yahoo.com

ProPetro Holding (PUMP): A Closer Look at Its Undervalued Status

October 1, 2023 | Behind the Markets (Ad)

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September 26, 2023 | benzinga.com

ProPetro Announces Third Quarter 2023 Earnings Call

September 25, 2023 | americanbankingnews.com

Research Analysts Issue Forecasts for ProPetro Holding Corp.'s FY2023 Earnings (NYSE:PUMP)

September 23, 2023 | americanbankingnews.com

Q1 2024 Earnings Estimate for ProPetro Holding Corp. (NYSE:PUMP) Issued By Zacks Research

September 21, 2023 | benzinga.com

Massive Insider Trade At ProPetro Holding

September 21, 2023 | finance.yahoo.com

Director Phillip Gobe Sells 20,000 Shares of ProPetro Holding Corp

October 1, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

September 15, 2023 | finance.yahoo.com

Director Phillip Gobe Sells 15,000 Shares of ProPetro Holding Corp

September 8, 2023 | finance.yahoo.com

Unveiling ProPetro Holding (PUMP)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 7, 2023 | seekingalpha.com

ProPetro: The Worst Is Over But Don't Chase The Rally

September 6, 2023 | benzinga.com

ProPetro Holding Director Sold $200K In Company Stock

September 2, 2023 | finance.yahoo.com

ProPetro Holding Corp's Meteoric Rise: Unpacking the 43% Surge in Just 3 Months

September 1, 2023 | finance.yahoo.com

ProPetro (PUMP) Down 1.3% Since Last Earnings Report: Can It Rebound?

August 10, 2023 | benzinga.com

ProPetro Holding President and COO Trades $216K In Company Stock

August 2, 2023 | theglobeandmail.com

ProPetro Announces First Quarter 2023 Earnings Call

August 2, 2023 | finance.yahoo.com

ProPetro Holding (PUMP) Lags Q2 Earnings and Revenue Estimates

August 2, 2023 | finance.yahoo.com

ProPetro Reports Financial Results for the Second Quarter of 2023

August 1, 2023 | markets.businessinsider.com

ProPetro earnings preview: what Wall Street is expecting

July 29, 2023 | msn.com

ProPetro Holding Corp.: Revving The Engines

July 29, 2023 | seekingalpha.com

ProPetro Holding: Still Much To Get From Oil And Gas

July 19, 2023 | msn.com

Benchmark Upgrades ProPetro Holding (PUMP)

July 19, 2023 | msn.com

ProPetro, U.S. land drillers rise as Benchmark sees tactical Buy opportunity

July 19, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for ProPetro Holding

July 18, 2023 | nasdaq.com

Citigroup Maintains ProPetro Holding (PUMP) Neutral Recommendation

July 12, 2023 | msn.com

Stifel Maintains ProPetro Holding (PUMP) Buy Recommendation

See More Headlines

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PUMP Company Calendar

Last Earnings: 8/02/2023
Today: 10/01/2023
Next Earnings (Confirmed): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field services, not elsewhere classified
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:PUMP
CUSIP: N/A
CIK: 1680247
Web: www.propetroservices.com
Phone: (432) 688-0012
Fax: 432-688-3976
Employees: 2,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.67
High Stock Price Forecast: $16.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +19.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.81
Trailing P/E Ratio: 13.12
Forward P/E Ratio: 9.16
P/E Growth: N/A
Net Income: $2.03 million
Net Margins: 5.91%
Pretax Margin: 7.84%
Return on Equity: 16.81%
Return on Assets: 11.96%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 1.26
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $1.54 billion
Price / Sales: 0.78
Cash Flow: $2.11 per share
Price / Cash Flow: 5.04
Book Value: $8.33 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 112,772,000
Free Float: 111,780,000
Market Cap: $1.20 billion
Optionable: Optionable
Beta: 2.44

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Key Executives

Mr. Samuel D. Sledge (Age 36)
CEO & Director
Comp: $1.77M

Mr. Adam Munoz (Age 41)
Pres & COO
Comp: $1.47M

Mr. David Scott Schorlemer (Age 56)
Principal financial officer ,CFO & Principal Accounting Officer
Comp: $1.19M

Matt Augustine
Sr. Mang. of Corp. Devel. & Investor Relations

Mr. John J. Mitchell (Age 40)
Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PUMP Stock - Frequently Asked Questions

Should I buy or sell ProPetro stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PUMP shares.
View PUMP analyst ratings or view top-rated stocks.
What is ProPetro's stock price forecast for 2023?: 3 analysts have issued 1 year price targets for ProPetro's shares. Their PUMP share price forecasts range from $10.00 to $16.00. On average, they expect the company's stock price to reach $12.67 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
View analysts price targets for PUMP or view top-rated stocks among Wall Street analysts.
How have PUMP shares performed in 2023?: ProPetro's stock was trading at $10.37 at the start of the year. Since then, PUMP stock has increased by 2.5% and is now trading at $10.63.
View the best growth stocks for 2023 here.
When is ProPetro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PUMP earnings forecast.
How can I listen to ProPetro's earnings call?: ProPetro will be holding an earnings conference call on Wednesday, November 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 "9513361".
How were ProPetro's earnings last quarter?: ProPetro Holding Corp. (NYSE:PUMP) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.07. The company had revenue of $435 million for the quarter, compared to analysts' expectations of $436.27 million. ProPetro had a net margin of 5.91% and a trailing twelve-month return on equity of 16.81%. The company's quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share.
What ETFs hold ProPetro's stock?: ETFs with the largest weight of ProPetro (NYSE:PUMP) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH) and iShares U.S. Oil Equipment & Services ETF (IEZ).Direxion Daily Oil Services Bull 2X Shares (ONG).
What is Phillip Boren's approval rating as ProPetro's CEO?: 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.

What other stocks do shareholders of ProPetro own?: 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).
When did ProPetro IPO?: (PUMP) raised $350 million in an 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.
What is ProPetro's stock symbol?: ProPetro trades on the New York Stock Exchange (NYSE) under the ticker symbol "PUMP."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ProPetro's stock price today?: One share of PUMP stock can currently be purchased for approximately $10.63.
How much money does ProPetro make?: ProPetro (NYSE:PUMP) has a market capitalization of $1.20 billion and generates $1.54 billion in revenue each year. The company earns $2.03 million in net income (profit) each year or $0.81 on an earnings per share basis.
How many employees does ProPetro have?: The company employs 2,000 workers across the globe.
How can I contact ProPetro?: ProPetro's mailing address is 1706 SOUTH MIDKIFF, MIDLAND TX, 79701. The official website for the company is www.propetroservices.com. The company can be reached via phone at (432) 688-0012, via email at sam.sledge@propetroservices.com, or via fax at 432-688-3976.

This page (NYSE:PUMP) was last updated on 10/1/2023 by MarketBeat.com Staff

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