ProPetro Holding 株価情報 (NYSE: PUMP)

最新ニュース ProPetro Holding (NYSE:PUMP) 株価情報

ProPetro Holding

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and power generation service.

ProPetro Holding Corp

U.S. stock futures fell on Tuesday following Monday's mixed close. Futures of all the four benchmark indices declined in premarket trading.
Investor anxiety over tariffs and anticipation of Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings this week weighed on the sentiment.
President Donald Trump confirmed on Monday that his administration will <a href="https://www.benzinga.com/news/global/25/02/43926015/trump-confirms-tariffs-on-canada-mexico-will-take-effect-as-planned">proceed with tariffs</a> on imports from Canada and Mexico, despite economic concerns. The decision, initially delayed by a month, will take effect next week, signaling a shift in North American trade relations.
Trump reiterated his stance at a White House press conference, arguing that foreign nations have unfairly benefited from U.S. trade policies and stressing the need for reciprocal tariffs. 
Treasury yields slipped on Tuesday. The 10-year Treasury yield stood at 4.34%, while the two-year yield was at 4.12%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 95.5% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
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<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.49%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.07%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.28%</td>
</tr>
</tbody>
</table>
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The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. SPY was down 0.35% to $595.13, and QQQ declined 0.60% to $516.75, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology, utilities, consumer discretionary, communication services, and utilities dragged the indices on Monday, whereas health care, financials, and real estate sectors advanced.
Alibaba Group Holding Ltd ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) plunged over 10% as Trump's memo directed the Committee on Foreign Investment to limit Chinese spending and investment. No economic data was scheduled to be released on Monday. 
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<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.21%</td>
<td>19,286.93</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.50%</td>
<td>5,983.25</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.076%</td>
<td>43,461.21</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.78%</td>
<td>2,178.27</td>
</tr>
</tbody>
</table>
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Insights From Analysts
"Caution is warranted as we navigate the complex dynamics ahead," said economist Jeremy Siegel in his weekly market note as he said no economic data but Nvidia's earnings will be the most significant event this week.
Siegel who was a former professor at the University of Pennsylvania said that investors should remain focused on earnings strength, the trajectory of interest rates, and developments on the tariff front.
"While Growth stocks continue to dominate, any shift in margins or competitive dynamics—especially in AI—could create volatility.
Barchart in an X post shared a graph showing that the S&amp;P 500's price-to-book ratio has now surpassed the Dot Com Bubble high.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 Price-to-Book Ratio has now surpassed the Dot Com Bubble High &#x1f6a8; <a href="https://t.co/w76HoTJoa4">pic.twitter.com/w76HoTJoa4</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1894008755567632741?ref_src=twsrc%5Etfw">February 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Louis Navellier of Navellier &amp; Associates highlights the growing pressure President Trump is placing on both German and U.S. companies to move operations to the U.S. to avoid higher tariffs.
In line with this, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) made a significant announcement on Monday, committing to invest $500 billion in the U.S. over the next four years, marking its largest domestic investment to date. The tech giant plans to hire 20,000 workers and produce AI servers on U.S. soil.
This move follows a recent meeting between Apple CEO Tim Cook and President Trump, who praised the company&#8217;s investment, saying, "He's investing hundreds of billions of dollars."
Trump has also threatened a 10% additional tax on imports from China, where Apple manufactures most of its products, including iPhones. Historically, "Trump has traded investment in the U.S. for tariff relief in the past, so it appears that Apple is doing its best to appease the Trump Administration."
&#8220;It&#8217;s hard to be too concerned when after the worst week in months the S&amp;P is only 2.4% from all-time highs. The trend remains positive, but Nvidia could have a material impact in the short term, in either direction,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Tuesday:
<ul>
<li>Dallas Fed President Lorie Logan will speak in London at 4:20 a.m., ET.</li>
</ul>
<ul>
<li>December's S&amp;P Case-Shiller home price index for 20 cities will be out at 9:00 a.m., ET.</li>
</ul>
<ul>
<li>February's consumer confidence data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Vice Chairman for Supervision Michael Barr will speak at 11:45 a.m., ET.</li>
</ul>
<ul>
<li>Richmond Fed President Tom Barkin will speak at 01:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) declined 1.17% in the premarket on Tuesday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $3.04 per share on revenue of $39.07 billion.</li>
</ul>
<ul>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) advanced 0.44% as Wall Street expects it to report quarterly earnings of 57 cents per share on revenue of $4 billion before the opening bell.</li>
</ul>
<ul>
<li>Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) was up 0.41% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of $1.78 per share on revenue of $2.18 billion.</li>
</ul>
<ul>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) dropped 0.13% as Wall Street expects it to report quarterly earnings of $2.58 per share on revenue of $3.83 billion after the closing bell.</li>
</ul>
<ul>
<li>Brera Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) jumped 118.60% as it entered the eSports market by launching Brera FC&#8217;s FIFA&#xAE; 23 Pro Clubs&#x2122; team, joining a select group of just 56 clubs in Italy.</li>
</ul>
<ul>
<li>Wah Fu Education Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) zoomed 87.15% as it announced plans to integrate DeepSeek, a domestic large language model, into its educational platform to drive AI transformation, focusing on its online education and exam preparation services through two key initiatives.</li>
</ul>
<ul>
<li>Propetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) fell 2.68% after reporting a fourth-quarter 2024 adjusted loss of 1 cent per share.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $70.72 per barrel.
The gold spot index was down by 0.41% to $2,941.04 per ounce easing from the record high of $2,956.37. The Dollar Index was up 0.07% at 106.674 level.
Asian markets ended lower on Monday except India's S&amp;P BSE Sensex index. Japan's Nikkei 225, Australia's ASX 200, China's CSI 300, South Korea's Kospi, and Hong Kong's Hang Seng index declined. European markets were mostly higher in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43933428/dominos-pizza-serves-consistent-market-share-gains-since-2015-despite-q4-earnings-miss-aims-for-3-same-store-sales-growth-to-capture-additional-share">Domino&#8217;s Pizza Sees 1% QSR Market Share Increase Despite Q4 Earnings Miss: &#8216;Consistent With Our Average Annual Share Growth&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

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US Stocks Likely To Open Lower: 'Caution Is Warranted,' Says Expert As Investors Navigate 'Complex Dynamics' Ahead

Stifel analyst Stephen Gengaro maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Buy and raises the price target from $11 to $12.

Price Target

Analyst Ratings

Stifel Maintains Buy on ProPetro Holding, Raises Price Target to $12

Benchmark analyst Kurt Hallead reiterates ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) from Hold to Hold.

Reiteration

Benchmark Reiterates Hold on ProPetro Holdingto Hold

ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) reported quarterly losses of $(0.01) per share which met the analyst consensus estimate. This is a 93.75 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $320.55 million which missed the analyst consensus estimate of $321.76 million by 0.38 percent. This is a 7.83 percent decrease over sales of $347.78 million the same period last year.

Earnings Misses

ProPetro Holding Q4 Adj EPS $(0.01), Inline, Sales $320.55M Miss $321.76M Estimate

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Earnings Scheduled For February 19, 2025

Analysts' ratings for ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $10.2, along with a high estimate of $12.00 and a low estimate of $8.00. A 1.73% drop is evident in the current average compared to the previous average price target of $10.38. 
<img src="https://www.benzinga.com/files/images/story/2025/1736283641_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive ProPetro Holding. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$8.00</td>
<td>$8.50</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$11.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ProPetro Holding. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ProPetro Holding compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of ProPetro Holding's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ProPetro Holding's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PUMP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ProPetro Holding analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind ProPetro Holding</h2>
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and coiled tubing.
<h3>Unraveling the Financial Story of ProPetro Holding</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: ProPetro Holding's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -14.85%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: ProPetro Holding's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -37.98%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -15.16%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): ProPetro Holding's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -9.82%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: ProPetro Holding's debt-to-equity ratio is below the industry average at 0.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For ProPetro Holding's Future

Citigroup analyst Scott Gruber maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Neutral and raises the price target from $8 to $10.

Citigroup Maintains Neutral on ProPetro Holding, Raises Price Target to $10

WIIM

ProPetro shares are trading higher after the company announced its new subsidiary has entered a new contract with an initial order of over 110 megawatts of mobile natural gas-fueled power generation equipment,

The company also announced its initial order of over 110 megawatts of mobile natural gas-fueled power generation equipment for use across multiple oilfield and industrial applications.
This growth capital investment of approximately $122 million will be funded through a combination of cash and external financing resources with equipment deliveries anticipated to take place between June 2025 and March 2026.&nbsp;
The cash investment will consist of up to approximately $20 million in early 2025 with the remaining cost of the investment expected to be financed as progress payments become due and deliveries ultimately occur commencing mid-2025.&nbsp;
&nbsp;

ProPetro Holding Announces New Subsidiary, ProPetro Energy Solutions, That Will Do Business As ProPWR

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for ProPetro Holding, revealing an average target of $10.25, a high estimate of $12.00, and a low estimate of $8.00. A 8.24% drop is evident in the current average compared to the previous average price target of $11.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1733493625_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive ProPetro Holding. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$8.00</td>
<td>$8.50</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$11.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ProPetro Holding. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ProPetro Holding compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of ProPetro Holding's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of ProPetro Holding's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PUMP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ProPetro Holding analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering ProPetro Holding: A Closer Look</h2>
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and coiled tubing.
<h3>Financial Insights: ProPetro Holding</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, ProPetro Holding faced challenges, resulting in a decline of approximately -14.85% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: ProPetro Holding's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -37.98%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -15.16%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): ProPetro Holding's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -9.82%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: ProPetro Holding's debt-to-equity ratio is below the industry average at 0.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For ProPetro Holding

JP Morgan analyst Arun Jayaram upgrades ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) from Underweight to Neutral and announces $10 price target.

Upgrades

JP Morgan Upgrades ProPetro Holding to Neutral, Announces $10 Price Target

As of Nov. 7, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Select Water Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTTR#NYSE">WTTR</a>)</h3>
<ul>
<li>On Nov. 5, Select Water Solutions reported better-than-expected third-quarter revenue results.  John Schmitz, Select&#8217;s Chairman of the Board, President and Chief Executive Officer, stated, &#8220;During the third quarter Select delivered another quarter of continued margin improvement and profitability, while generating solid free cash flow. Supported by revenue growth and margin improvement in our Water Infrastructure segment, our unique growth story continued as we were able to improve consolidated gross margins and increase net income and adjusted EBITDA during the third quarter despite activity pullbacks in the broader macro environment.&#8221; The company's stock gained around 29% over the past five days and has a <a href="https://www.benzinga.com/quote/WTTR">52-week high of $14.10</a>.</li>
<li>RSI Value: 84.39&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>WTTR Price Action: Shares of Select Water Solutions gained 25.5% to close at $13.97 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Propetro Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>)</h3>
<ul>
<li>On Oct. 30, ProPetro posted downbeat quarterly results. Sam Sledge, Chief Executive Officer, commented, &#8220;ProPetro&#8217;s third quarter results reflect our team&#8217;s success in advancing our strategy, even in a turbulent market environment. Thanks to our decisive actions and despite moderated customer spending and activity levels, ProPetro delivered strong financial performance in the third quarter, while returning capital to shareholders and capturing additional market share.&#8221; The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/PUMP">has a 52-week high</a> of $10.02.</li>
<li>RSI Value: 71.32</li>
<li>PUMP Price Action: Shares of Propetro Holding gained 16.3% to close at $8.43 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Natural Gas Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>)</h3>
<ul>
<li>Natural Gas Services Group will host a conference call to review its third-quarter financial results on Friday, Nov. 15. The company's stock gained around 19% over the past five days and has a <a href="https://www.benzinga.com/quote/NGS">52-week high</a> of $25.24.</li>
<li>RSI Value: 77.03</li>
<li>NGS Price Action: Shares of Natural Gas Services gained 12.8% to close at $22.90 on Wednesday. </li>
</ul>
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Citigroup analyst Scott Gruber maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Neutral and lowers the price target from $8.5 to $8.

Citigroup Maintains Neutral on ProPetro Holding, Lowers Price Target to $8

Guidance
For the second time this year, the Company is reducing its full-year 2024 capital expenditure guidance to be between $150 million to $175 million, down from prior guidance of $175 million to $200 million.

Guidance

ProPetro Lowers FY24 Capex Outlook to $150M-$175M From $175M-$200M Prior

ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) reported quarterly losses of $(1.32) per share which missed the analyst consensus estimate of $0.07 by 1985.71 percent. This is a 525.81 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $360.870 million which missed the analyst consensus estimate of $364.741 million by 1.06 percent. This is a 14.85 percent decrease over sales of $423.804 million the same period last year.

ProPetro Q3 2024 GAAP EPS $(1.32) Misses $0.07 Estimate, Sales $360.870M Miss $364.741M Estimate

Crude oil prices plummeted over 6% on Monday, approaching levels not seen since early October, as investors processed news of targeted <a href="https://www.benzinga.com/news/24/10/41567809/oil-etfs-plunge-premarket-after-israels-strikes-on-iran">Israeli airstrikes in Iran</a>.
U.S. energy stocks followed suit during premarket trading in New York, with sector ETFs posting sharp losses at the start of the week. 
Contracts on West Texas Intermediate (WTI) light crude, as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), fell over 6% to around $67 per barrel on Monday morning, marking what could be the worst one-day drop since July 2022.
The sell-off followed Israeli airstrikes over the weekend that targeted military facilities in Iran but spared the country's oil infrastructure.
According to the Israel Defense Forces, the strikes were "targeted and precise," focusing on Iranian missile production and air defense installations. 
This measured response likely averted a deeper crisis in the oil market, as analysts warned that a broader assault on Iran's energy sector could have risked up to 1.7 million barrels per day (bpd) of Iranian crude exports and led to further regional destabilization. 
U.S. President Joe Biden had cautioned Israel against actions that would directly impact Iran's oil output, warning that such moves could prompt Tehran to retaliate by targeting oil shipping routes in the Middle East.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1024x503.png" alt="" class="wp-image-617043" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274-1536x754.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28085347/image-274.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Analysts Expect Oil Prices To Remain Under Pressure</h3>
Goldman Sachs analysts had previously estimated that a sustained 1 million bpd disruption to Iranian oil supply could have pushed Brent prices up by $10–$20 per barrel. 
With no immediate threat to Iran's oil exports, the bank's forecast for Brent reaching the mid-$80s by late 2025 now appears overly optimistic compared to the consensus view.
The restrained nature of Israel's actions has led some analysts to predict that oil prices will remain subdued, especially in light of broader market dynamics. 
Warren Patterson, head of commodity strategy at ING Group, highlighted that Israel's focused response leaves "the door open for de-escalation," which seems to be reflected in Monday&#8217;s price action.
"If we do see some de-escalation, it would allow fundamentals to dictate price direction once again," Patterson explained, adding that a projected market surplus in 2025 &#8220;would mean that oil prices are&nbsp;likely to remain under pressure.&#8221;
Ole Hansen, head of commodity strategy at Saxo Bank, indicated that crude prices have now retraced most of the gains made in early October, which were fueled by Chinese economic stimulus and concerns over potential disruptions to Iran's supply. Hansen pointed out that "sluggish demand" and the impending reintroduction of OPEC+ barrels could further weigh on oil prices.
<h3 class="wp-block-heading">China's Declining Demand, OPEC+ Production Decisions Add To Bearish Sentiment</h3>
On the demand side, Chinese consumption—accounting for roughly 15% of global oil demand—has been trending downward since May 2024
According to Pascal Devaux, an economist at BNP Paribas, this decline is tied not only to China's economic slowdown but also to structural changes within its energy sector. "Around 45% of new car registrations in China are for electric vehicles, either battery-powered or hybrid," Devaux said, underscoring the impact of the country's low-carbon transition on oil demand.
Capital Economics forecasts that if OPEC+ follows through on its plan to unwind voluntary production cuts initiated in October, an increase in oil supply combined with weak demand growth could drive prices lower throughout the remainder of 2024 and into 2025.
<h3 class="wp-block-heading">US Energy Stocks See Sharp Losses</h3>
Sector ETFs posted notable declines in early trading:
<ul>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks large-cap U.S. energy companies, was down 2.3% at the start of Monday's session. APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), and Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) all registered losses between 3% and 4%.</li>
</ul>
<ul>
<li>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), a broader measure of exploration and production stocks, slid 2.8%. Kosmos Energy Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) and Vital Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) are both down 4%.</li>
</ul>
<ul>
<li>VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) dropped 1.7%. Companies like ProPetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>), Liberty Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>), and Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) were hit particularly hard, each falling by about 4%.</li>
</ul>
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Crude Oil Faces Steepest One-Day Drop In Over Two Years, Energy Stocks Plunge: Prices 'Are Likely To Remain Under Pressure,' Analyst Says

Barclays analyst David Anderson maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Overweight and lowers the price target from $13 to $12.

Barclays Maintains Overweight on ProPetro Holding, Lowers Price Target to $12

Stifel analyst Stephen Gengaro maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Buy and lowers the price target from $12 to $11.

Stifel Maintains Buy on ProPetro Holding, Lowers Price Target to $11

Press Releases

ProPetro Appoints Alex Volkov to Board of Directors

ProPetro Acquires Aqua Prop, an Innovative Wet Sand Solutions Provider

ProPetro Announces Second Quarter 2024 Earnings Call

ProPetro Reports Financial Results for the Second Quarter of 2024

ProPetro Announces Third Quarter 2024 Earnings Call

ProPetro Reports Financial Results for the Third Quarter of 2024

ProPetro Announces ProPWRSM Power Generation Business

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