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NYSE:PUMP

ProPetro - PUMP Stock Forecast, Price & News

$8.44
-0.31 (-3.54%)
(As of 08/16/2022 02:46 PM ET)
Add
Compare
Today's Range
$8.40
$8.93
50-Day Range
$8.05
$14.22
52-Week Range
$6.39
$16.92
Volume
57,559 shs
Average Volume
1.52 million shs
Market Capitalization
$880.63 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.13

ProPetro MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
91.3% Upside
$16.13 Price Target
Short Interest
Bearish
5.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.38mentions of ProPetro in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.47 M Sold Last Quarter
Proj. Earnings Growth
188.14%
From $0.59 to $1.70 Per Share

Overall MarketRank

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

2.22 out of 5 stars

Oils/Energy Sector

129th out of 257 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

15th out of 22 stocks

PUMP stock logo

About ProPetro (NYSE:PUMP) Stock

ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. As of December 31, 2021, its fleet comprised 12 hydraulic fracturing units with 1,423,000 hydraulic horsepower. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded ProPetro from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $16.00 to $14.00 in a research report on Thursday, May 26th. Citigroup boosted their price objective on ProPetro to $19.00 in a report on Friday, June 3rd. Tudor, Pickering, Holt & Co. raised shares of ProPetro from a "hold" rating to a "buy" rating in a research note on Thursday, May 5th. Tudor Pickering raised shares of ProPetro from a "hold" rating to a "buy" rating in a report on Thursday, May 5th. Finally, Evercore ISI dropped their price objective on shares of ProPetro to $13.00 in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.13.

ProPetro Stock Performance

Shares of PUMP opened at $8.75 on Tuesday. ProPetro has a fifty-two week low of $6.39 and a fifty-two week high of $16.92. The firm has a 50 day moving average price of $10.04 and a 200-day moving average price of $12.14. The firm has a market cap of $913.01 million, a price-to-earnings ratio of -19.02 and a beta of 2.45.

ProPetro (NYSE:PUMP - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.55). ProPetro had a negative net margin of 4.24% and a positive return on equity of 2.05%. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, equities research analysts predict that ProPetro will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Phillip A. Gobe sold 40,000 shares of ProPetro stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $13.88, for a total value of $555,200.00. Following the transaction, the director now directly owns 204,111 shares of the company's stock, valued at $2,833,060.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other ProPetro news, Director Phillip A. Gobe sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $13.88, for a total transaction of $555,200.00. Following the completion of the transaction, the director now owns 204,111 shares of the company's stock, valued at approximately $2,833,060.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spencer D. Armour III sold 32,931 shares of ProPetro stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $9.90, for a total value of $326,016.90. Following the completion of the sale, the director now owns 67,899 shares in the company, valued at $672,200.10. The disclosure for this sale can be found here. Insiders have sold 105,862 shares of company stock valued at $1,177,267 in the last ninety days. Company insiders own 0.90% of the company's stock.

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PUMP Stock News Headlines

ProPetro (NYSE:PUMP) Shares Gap Up to $8.54
Best Value Stocks to Buy for August 3rd
ProPetro Holding Earnings Preview - Benzinga
ProPetro Q2 2022 Earnings Preview - Seeking Alpha
ProPetro (PUMP) to Release Earnings on Tuesday
See More Headlines
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PUMP Company Calendar

Last Earnings
8/02/2022
Today
8/16/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
N/A
Employees
1,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.13
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+91.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-54,190,000.00
Pretax Margin
-4.95%

Debt

Sales & Book Value

Annual Sales
$874.51 million
Cash Flow
$0.71 per share
Book Value
$7.99 per share

Miscellaneous

Free Float
103,405,000
Market Cap
$880.63 million
Optionable
Optionable
Beta
2.45














PUMP Stock - Frequently Asked Questions

Should I buy or sell ProPetro stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PUMP shares.
View PUMP analyst ratings
or view top-rated stocks.

What is ProPetro's stock price forecast for 2022?

6 equities research analysts have issued twelve-month target prices for ProPetro's shares. Their PUMP share price forecasts range from $13.00 to $19.00. On average, they anticipate the company's stock price to reach $16.13 in the next year. This suggests a possible upside of 84.3% 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 2022?

ProPetro's stock was trading at $8.10 at the beginning of the year. Since then, PUMP stock has increased by 8.0% and is now trading at $8.75.
View the best growth stocks for 2022 here
.

Are investors shorting ProPetro?

ProPetro saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,390,000 shares, a decrease of 23.9% from the June 15th total of 5,770,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 5.5% of the company's shares are sold short.
View ProPetro's Short Interest
.

When is ProPetro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our PUMP earnings forecast
.

How were ProPetro's earnings last quarter?

ProPetro Holding Corp. (NYSE:PUMP) released its quarterly earnings data on Tuesday, August, 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.55. ProPetro had a positive trailing twelve-month return on equity of 2.05% and a negative net margin of 4.24%. During the same quarter last year, the firm posted ($0.08) earnings per share.

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."

Who are ProPetro's major shareholders?

ProPetro's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (4.03%), State Street Corp (3.76%), Towle & Co (2.37%), Millennium Management LLC (0.93%), Voya Investment Management LLC (0.70%) and JPMorgan Chase & Co. (0.51%). Insiders that own company stock include Adam Munoz, Elo Omavuezi, Mark Stephen Berg, Phillip A Gobe, Samuel D Sledge, Spencer D Armour III and Spencer D Armour III.
View institutional ownership trends
.

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 $8.75.

How much money does ProPetro make?

ProPetro (NYSE:PUMP) has a market capitalization of $912.98 million and generates $874.51 million in revenue each year. The company earns $-54,190,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis.

How many employees does ProPetro have?

The company employs 1,500 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 8/16/2022 by MarketBeat.com Staff

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