ProPetro - PUMP Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ProPetro in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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7 equities research analysts have issued 1 year price objectives for ProPetro's stock. Their PUMP share price forecasts range from $12.00 to $16.75. On average, they expect the company's share price to reach $14.29 in the next year. This suggests a possible upside of 108.9% from the stock's current price.
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ProPetro's stock was trading at $10.37 at the beginning of the year. Since then, PUMP stock has decreased by 34.0% and is now trading at $6.84.
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ProPetro saw a increase in short interest in February. As of February 28th, there was short interest totaling 5,350,000 shares, an increase of 31.1% from the February 13th total of 4,080,000 shares. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 6.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our PUMP earnings forecast.

ProPetro Holding Corp. (NYSE:PUMP) issued its earnings results on Tuesday, February, 21st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by $0.03. The business earned $348.92 million during the quarter, compared to analyst estimates of $338.19 million. ProPetro had a net margin of 0.16% and a trailing twelve-month return on equity of 13.42%.

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

ProPetro's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.69%), Van ECK Associates Corp (2.53%), Boston Partners (2.44%), GW&K Investment Management LLC (1.86%), Geode Capital Management LLC (1.46%) and Charles Schwab Investment Management Inc. (1.24%). Insiders that own company stock include Adam Munoz, David Scott Schorlemer, Elo Omavuezi, Mark Stephen Berg, 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.
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One share of PUMP stock can currently be purchased for approximately $6.84.

ProPetro (NYSE:PUMP) has a market capitalization of $787.01 million and generates $1.28 billion in revenue each year. The company earns $2.03 million in net income (profit) each year or $0.01 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.