ProPetro (PUMP) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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.
View PUMP analyst ratings or view top-rated stocks.

3 brokers have issued 12 month target prices for ProPetro's shares. Their PUMP share price forecasts range from $12.00 to $13.00. On average, they expect the company's stock price to reach $12.33 in the next year. This suggests a possible upside of 59.6% from the stock's current price.
View analysts price targets for PUMP or view top-rated stocks among Wall Street analysts.

ProPetro's stock was trading at $10.37 at the beginning of 2023. Since then, PUMP stock has decreased by 25.5% and is now trading at $7.73.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our PUMP earnings forecast.

ProPetro Holding Corp. (NYSE:PUMP) released its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.09. The business earned $423.57 million during the quarter, compared to analyst estimates of $410.08 million. ProPetro had a trailing twelve-month return on equity of 16.74% and a net margin of 1.33%.

ETFs with the largest weight of ProPetro (NYSE:PUMP) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG), Vanguard U.S. Value Factor (VFVA) and Vanguard US Multifactor ETF (VFMF).

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).

(PUMP) raised $350 million in an initial public offering (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 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.44%), Dimensional Fund Advisors LP (5.86%), State Street Corp (3.98%), Boston Partners (3.46%), Van ECK Associates Corp (2.07%) and GW&K Investment Management LLC (1.87%). Insiders that own company stock include Adam Munoz, David Scott Schorlemer, Elo Omavuezi, Mark Stephen Berg, Michele Vion, Phillip A Gobe, Samuel D Sledge, Spencer D Armour III and Spencer D Armour III.
View institutional ownership trends.

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.

One share of PUMP stock can currently be purchased for approximately $7.73.

ProPetro (NYSE:PUMP) has a market capitalization of $890.73 million and generates $1.28 billion in revenue each year. The company earns $2.03 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 2,000 workers across the globe.

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.