Propetro Stock Forecast, Price & News

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 stock has increased by 8.0% and is now trading at $4.06.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Propetro in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Propetro.

Propetro Holding Corp (NYSE:PUMP) posted its earnings results on Tuesday, August, 4th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by $0.06. The firm had revenue of $106.11 million for the quarter, compared to analysts' expectations of $106.45 million. Propetro had a net margin of 1.58% and a return on equity of 5.76%.
View Propetro's earnings history.

15 equities research analysts have issued 1-year price objectives for Propetro's shares. Their forecasts range from $4.00 to $15.00. On average, they anticipate Propetro's share price to reach $7.61 in the next year. This suggests a possible upside of 87.5% from the stock's current price.
View analysts' price targets for Propetro.

Propetro saw a increase in short interest in August. As of August 31st, there was short interest totaling 7,340,000 shares, an increase of 29.0% from the August 15th total of 5,690,000 shares. Based on an average daily volume of 1,370,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 9.2% of the company's shares are sold short.
View Propetro's Short Interest.

Some companies that are related to Propetro include Liberty Oilfield Services (LBRT), Core Laboratories (CLB), RPC (RES), National Energy Services Reunited (NESR), NexTier Oilfield Solutions (NEX), Select Energy Services (WTTR), Helix Energy Solutions Group (HLX), Oceaneering International (OII), Franks International (FI), North American Construction Group (NOA), Keane Group (FRAC), Natural Gas Services Group (NGS), Hurricane Energy (HRCXF), Key Energy Services (KEGX) and Mammoth Energy Services (TUSK).
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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).

(PUMP) raised $350 million in an IPO 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 served 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."

Shares of PUMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PUMP stock can currently be purchased for approximately $4.06.

Propetro has a market capitalization of $409.65 million 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'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]