MajaPhoto Investment thesis ProPetro (NYSE:PUMP) is a small-cap U.S. oilfield services (OIH) or "OFS" company that specializes in pressure pumping (also hydraulic fracturing or "fracking"). Onshore OFS stocks haven't fared great as U.S. land activity - specifically natural gas (NG1:COM) - has declined: VAL 101.00 US Natural Gas Rig Count (I:USNGRR) 150.00 125.00 101.00 75.00 Jul '22 Jul "24 Jan '22 Jan '23 Jul '23 Jan "24 Seeking AlphaQ Jul 31, 2024, 9:53 AM EDT Powered by YC HARTS Data by YCharts Oil price ...

ProPetro Holding (PUMP) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -137.50%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.08 per share when it actually produced earnings of $0.18, delivering a surprise of 125%. Over the last four quarters, the co ...

ProPetro Holding (PUMP) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of busine ...

U.S. oil prices advanced on Thursday to a seven-week high after a weekly report from the Energy Information Administration ("EIA") showed drawdowns in crude and fuel stockpiles. On the New York Mercantile Exchange, WTI crude futures gained 68 cents (or 0.8%) to close at $82.25 a barrel yesterday — the highest since Apr 30. We believe that oil's current levels of just above $80 allow long-term-oriented market participants to buy shares in quality companies at attractive prices. Investors interested in the se ...

ProPetro Holding Corp. (PUMP) , a leading provider of oilfield services, announced its acquisition of Aqua Prop LLC, a provider of cost-effective wet sand solutions. This all-cash acquisition, valued at $35.6 million net of working capital, signifies a substantial step in PUMP's ongoing commitment to delivering more integrated and industrial solutions while enhancing value for stakeholders. Strategic Alignment and Integration ProPetro's Vision for Integration: The acquisition of Aqua Prop LLC is in perfect ...

Looking ahead, the outlook for oil prices remains cautiously optimistic. Analysts believe that the extended production cuts by OPEC+ will gradually tighten supply, especially if demand improves. The summer season typically boosts gasoline demand, and any significant disruption in supply due to hurricanes or geopolitical issues could push prices higher. This dynamic could lead to a more competitive market environment, potentially stabilizing prices in the medium term. 3 Energy Stocks to Buy The month of May ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry ...

ProPetro Holding (PUMP) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oilfield services company, should get reflected in its stock price. After all, empirical research shows a strong corre ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...