ProPetro Stock Price, News & Analysis (NYSE:PUMP)

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PUMP shares.
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3 equities research analysts have issued 1 year target prices for ProPetro's shares. Their PUMP share price targets range from $11.00 to $16.00. On average, they expect the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 42.7% from the stock's current price.
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ProPetro's stock was trading at $10.37 at the start of the year. Since then, PUMP shares have decreased by 12.2% and is now trading at $9.11.
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ProPetro saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 4,510,000 shares, an increase of 26.0% from the October 31st total of 3,580,000 shares. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 5.8% of the company's shares are short sold.
View ProPetro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our PUMP earnings forecast.

ProPetro Holding Corp. (NYSE:PUMP) announced its earnings results on Wednesday, November, 1st. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $423.80 million for the quarter, compared to analyst estimates of $405.46 million. ProPetro had a net margin of 7.10% and a trailing twelve-month return on equity of 15.56%. The company's revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share.

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).

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 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Boston Partners (1.94%), Charles Schwab Investment Management Inc. (1.44%), Van ECK Associates Corp (1.33%), Northern Trust Corp (1.32%), American Century Companies Inc. (1.26%) and AQR Capital Management LLC (0.94%). Insiders that own company stock include Adam Munoz, David Scott Schorlemer, Elo Omavuezi, Michele Vion, Phillip A Gobe, Samuel D Sledge, Spencer D Armour III and Spencer D Armour III.
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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.
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