ProPetro Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ProPetro stock. 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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ProPetro is scheduled to release its next quarterly earnings announcement on Monday, June 7th 2021.
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ProPetro Holding Corp. (NYSE:PUMP) issued its earnings results on Monday, February, 22nd. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by $0.24. The firm earned $154.34 million during the quarter, compared to analysts' expectations of $152.76 million. ProPetro had a negative trailing twelve-month return on equity of 0.92% and a negative net margin of 3.76%. ProPetro's revenue was down 64.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 earnings per share.
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ProPetro's stock was trading at $3.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PUMP shares have increased by 249.5% and is now trading at $13.14.
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ProPetro issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Wednesday, January, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $151-157 million, compared to the consensus revenue estimate of $149.21 million.

16 brokerages have issued 1 year price objectives for ProPetro's stock. Their forecasts range from $5.00 to $15.00. On average, they anticipate ProPetro's share price to reach $9.23 in the next twelve months. This suggests that the stock has a possible downside of 29.8%.
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15 employees have rated ProPetro CEO Phillip Boren on Glassdoor.com. Phillip Boren has an approval rating of 70% among ProPetro's employees.

Some companies that are related to ProPetro include Subsea 7 (SUBCY), Core Laboratories (CLB), RPC (RES), Liberty Oilfield Services (LBRT), Oceaneering International (OII), NexTier Oilfield Solutions (NEX), National Energy Services Reunited (NESR), Frank's International (FI), Helix Energy Solutions Group (HLX), Select Energy Services (WTTR), North American Construction Group (NOA), Mammoth Energy Services (TUSK), Natural Gas Services Group (NGS), Nine Energy Service (NINE) and KLX Energy Services (KLXE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other ProPetro investors own include NVIDIA (NVDA), The Boeing (BA), Alibaba Group (BABA), Mastercard (MA), Broadcom (AVGO), Overstock.com (OSTK), QUALCOMM (QCOM), Visa (V), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

(PUMP) raised $350 million in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PUMP."

ProPetro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.63%), Dimensional Fund Advisors LP (3.88%), Victory Capital Management Inc. (2.01%), Van ECK Associates Corp (1.79%), Fisher Asset Management LLC (1.72%) and Northern Trust Corp (1.61%). Company insiders that own ProPetro stock include Mark Stephen Berg and Spencer D Armour III.
View institutional ownership trends for ProPetro.

PUMP stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Renaissance Technologies LLC, Wells Fargo & Company MN, Northern Trust Corp, Bank of New York Mellon Corp, Russell Investments Group Ltd., Federated Hermes Inc., and Victory Capital Management Inc..
View insider buying and selling activity for ProPetro or view top insider-selling stocks.

PUMP stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., State of Wisconsin Investment Board, Matarin Capital Management LLC, Lazard Asset Management LLC, GW&K Investment Management LLC, ExodusPoint Capital Management LP, JPMorgan Chase & Co., and Canada Pension Plan Investment Board.
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Shares of PUMP 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.
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One share of PUMP stock can currently be purchased for approximately $13.14.

ProPetro has a market capitalization of $1.33 billion and generates $2.05 billion in revenue each year. The company earns $163.01 million in net income (profit) each year or $1.60 on an earnings per share basis.

ProPetro employs 2,200 workers across the globe.

The official website for ProPetro is www.propetroservices.com.

ProPetro is headquartered at 1706 SOUTH MIDKIFF, MIDLAND TX, 79701.

ProPetro's mailing address is 1706 SOUTH MIDKIFF, MIDLAND TX, 79701. The company can be reached via phone at 432-688-0012 or via email at [email protected]