ProPetro (PUMP)

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ProPetro (PUMP) - 2024 Q4 - Earnings Call Presentation
2025-02-19 16:58
INVESTOR PRESENTATION February 2025 Forward-Looking Statements Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward- looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "may," "confident, ...
ProPetro Holding (PUMP) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2025-02-19 14:15
Financial Performance - ProPetro Holding reported a quarterly loss of $0.01 per share, which aligns with the Zacks Consensus Estimate, compared to a loss of $0.16 per share a year ago [1] - The company posted revenues of $320.55 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.08%, but down from $347.78 million year-over-year [2] - ProPetro has surpassed consensus EPS estimates two times in the last four quarters and topped consensus revenue estimates three times in the same period [2][1] Market Performance - ProPetro shares have declined approximately 5.6% since the beginning of the year, while the S&P 500 has gained 4% [3] - The current Zacks Rank for ProPetro is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $346.48 million, and for the current fiscal year, it is $0.30 on revenues of $1.42 billion [7] - The trend for estimate revisions for ProPetro is currently unfavorable, which may impact future stock performance [6] Industry Context - The Oil and Gas - Field Services industry, to which ProPetro belongs, is ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could be a useful metric for investors [5]
Will ProPetro Holding (PUMP) Report Negative Earnings Next Week? What You Should Know
ZACKS· 2025-02-12 16:06
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for ProPetro Holding despite lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - ProPetro is expected to report a quarterly loss of $0.01 per share, reflecting a year-over-year change of +93.8%, with revenues projected at $315.73 million, down 9.2% from the previous year [3]. - The earnings report is scheduled for release on February 19, 2025, and could influence stock movement based on whether results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 3.13% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Zacks Earnings ESP model suggests that recent estimate revisions may provide insights into business conditions leading up to the earnings release [5][6]. Earnings Surprise Prediction - ProPetro's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +20%, although the stock carries a Zacks Rank of 5, complicating predictions of an earnings beat [10][11]. - Historical performance shows that ProPetro has beaten consensus EPS estimates in two of the last four quarters, with a notable surprise of +300% in the last reported quarter [12][13]. Conclusion - While ProPetro does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].
ProPetro Secures Term Contract to Provide Electric Frac Services
ZACKS· 2024-12-20 11:40
Core Viewpoint - ProPetro Holding Corp. has secured a new term contract for electric hydraulic fracturing services, enhancing its market position and showcasing its innovative technology in the oil and gas sector [1][5][6]. Group 1: Contract Details - The new contract is with a major Permian-focused oil and gas operator, extending ProPetro's footprint in the Permian Basin, one of the largest oil fields globally [2][6]. - ProPetro will deploy its FORCE electric frac fleets, which are designed for efficient completions while ensuring environmental sustainability [2][5]. - The contract requires approximately 165 megawatts of mobile power generation equipment to support the electric frac fleets, highlighting the importance of mobile power in hydraulic fracturing [8]. Group 2: Industry Impact - The shift towards electric-powered fracturing fleets indicates a broader industry trend aimed at minimizing environmental impact while improving efficiency [3][5]. - ProPetro's commitment to innovative solutions is crucial as the industry transitions from traditional diesel-powered rigs to electric alternatives [3][5]. - The demand for mobile power generation is expected to surge not only in the oil and gas sector but also in other industrial applications, including AI data centers [3][9]. Group 3: ProPWR Business - ProPetro's ProPWR business is positioned to provide critical services and equipment to support the rising demand for electric hydraulic fracturing fleets and other industrial applications [9][11]. - The company's mobile power solutions are integral to powering diverse industrial applications, offering a sustainable power source for various projects [4][11]. - ProPetro's focus on efficiency, cost-effectiveness, and environmental responsibility aligns with its broader strategy to enhance offerings and expand market presence [10][11].
Earnings Estimates Moving Higher for ProPetro (PUMP): Time to Buy?
ZACKS· 2024-12-12 18:21
Core Viewpoint - ProPetro Holding (PUMP) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - Current-quarter earnings are projected at $0.01 per share, reflecting a substantial increase of +106.25% compared to the same quarter last year. Over the past 30 days, one estimate has been revised upward with no negative revisions, leading to a 100% increase in the Zacks Consensus Estimate [4]. - For the full year, earnings are expected to be $0.29 per share, which is a decrease of -61.84% from the previous year. However, the trend remains positive, with one upward revision and no negative changes in estimates, resulting in a 26.67% increase in the consensus estimate [5]. Zacks Rank and Performance - ProPetro has achieved a Zacks Rank of 2 (Buy), indicating strong agreement among analysts regarding the positive revisions in earnings estimates. The Zacks Rank system has a proven track record of identifying stocks that outperform the market [6]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting that ProPetro may continue to see favorable performance [6]. Investment Outlook - The stock has appreciated by 23% over the past four weeks due to strong estimate revisions, and there is potential for further upside, making it a candidate for portfolio inclusion [7].
All You Need to Know About ProPetro (PUMP) Rating Upgrade to Buy
ZACKS· 2024-12-12 18:01
Core Viewpoint - ProPetro Holding (PUMP) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts, and changes in these estimates are strongly correlated with near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling activity that affects stock prices [4]. Company Performance and Outlook - The upgrade for ProPetro suggests an improvement in the company's underlying business, which could lead to a higher stock price as investors respond positively to this trend [5]. - ProPetro is expected to earn $0.29 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of 61.8%, but the Zacks Consensus Estimate has increased by 18.8% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have generated an average annual return of +25% since 1988 [7]. - ProPetro's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11].
Should Value Investors Buy ProPetro Holding (PUMP) Stock?
ZACKS· 2024-12-12 15:41
Core Viewpoint - The article emphasizes the importance of value investing and highlights ProPetro Holding (PUMP) as a strong candidate for value investors due to its favorable valuation metrics and earnings outlook [2][3][6] Valuation Metrics - ProPetro Holding has a Price-to-Book (P/B) ratio of 1.15, which is significantly lower than the industry average of 2.17, indicating potential undervaluation [4] - The Price-to-Sales (P/S) ratio for PUMP is 0.68, compared to the industry's average P/S of 0.83, further supporting the notion that the stock may be undervalued [5] Investment Ratings - PUMP currently holds a Zacks Rank of 2 (Buy) and an A grade in the Value category, making it one of the strongest value stocks available [3][6]
Despite Fast-paced Momentum, ProPetro (PUMP) Is Still a Bargain Stock
ZACKS· 2024-12-12 14:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary
ZACKS· 2024-12-11 12:46
ProPetro Holding Corp. (PUMP) has officially introduced a new subsidiary, ProPetro Energy Solutions, LLC, which will operate under the trade name ProPWR. This strategic move aims to enhance the company’s offerings in the growing market for power generation in the Permian Basin. ProPWR will primarily deploy more than 110 megawatts of mobile natural gas-fueled power generation equipment to serve a variety of applications, including oilfield operations and other industrial sectors.PUMP’s stock surged 17.8% on ...
ProPetro Holding's Q3 Earnings Beat Estimates, Sales Fall Y/Y
ZACKS· 2024-11-04 12:11
ProPetro Holding Corp. (PUMP) reported third-quarter 2024 adjusted earnings per share of 12 cents which beat the Zacks Consensus Estimate of 3 cents. This outperformance could be primarily attributed to improved pricing and increased activity in the reported quarter. The bottom line, however, declined from the year-ago quarter’s 31 cents due to a 42.7% year-over-year increase in costs and expenses.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $360.9 million beat the c ...