ProPetro (NYSE:PUMP) Hits New 52-Week High Following Strong Earnings

ProPetro Holding Corp. (NYSE:PUMP)’s share price reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $13.25 and last traded at $11.2790, with a volume of 5083106 shares changing hands. The stock had previously closed at $12.01.

The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. The business had revenue of $289.68 million for the quarter, compared to analyst estimates of $279.90 million. ProPetro had a net margin of 0.06% and a return on equity of 0.10%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share.

Key ProPetro News

Here are the key news stories impacting ProPetro this week:

• Positive Sentiment: Q4 earnings beat consensus — ProPetro reported $0.01 EPS vs. a consensus loss of ($0.13) and revenue of $289.7M vs. $279.9M expected, surprising the street and likely supporting the share uptick. ProPetro Tops Q4 Estimates
• Positive Sentiment: Operational improvement vs. prior year — EPS moved from a loss in the prior-year quarter to a small positive number this quarter, signaling margin progress or cost control that investors often reward. Earnings Release & Materials
• Neutral Sentiment: Analyst/valuation debate — Recent coverage questions whether the recent share recovery is justified given mixed fair-value signals; this could increase trading volatility as investors digest reassessments. Is It Time To Reassess?
• Neutral Sentiment: Full disclosures available — Management’s slide deck and call transcript are posted (useful for investors wanting detail on utilization, contract mix, capex and guidance). Review them to judge sustainability of the beat. Q4 Presentation
• Negative Sentiment: Revenue and margin headwinds remain — Revenue was down ~9.6% year-over-year and the company still reported a small negative net margin and negative ROE, highlighting that profitability recovery is incomplete. Q4 Snapshot
• Negative Sentiment: Valuation and momentum risks — Coverage notes mixed fair-value signals despite recent share gains; if forward results or commodity/activity trends disappoint, the recovery could reverse. Assessing Valuation

Analysts Set New Price Targets

PUMP has been the topic of several research reports. JPMorgan Chase & Co. upgraded ProPetro from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.00 to $13.00 in a research note on Wednesday, December 10th. Citigroup boosted their price objective on ProPetro from $6.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Barclays reaffirmed a “neutral” rating on shares of ProPetro in a report on Wednesday, December 17th. Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, December 10th. Finally, Piper Sandler upped their price target on shares of ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Valiant Capital Management L.P. bought a new stake in ProPetro during the fourth quarter worth about $34,890,000. Sourcerock Group LLC raised its holdings in shares of ProPetro by 66.4% during the 2nd quarter. Sourcerock Group LLC now owns 8,408,391 shares of the company’s stock valued at $50,198,000 after buying an additional 3,355,848 shares in the last quarter. VR Advisory Services Ltd lifted its position in ProPetro by 213.2% in the 3rd quarter. VR Advisory Services Ltd now owns 3,679,359 shares of the company’s stock worth $19,280,000 after buying an additional 2,504,634 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ProPetro by 209.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,145 shares of the company’s stock worth $14,170,000 after buying an additional 1,830,399 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in ProPetro by 382.7% in the third quarter. Millennium Management LLC now owns 2,215,896 shares of the company’s stock worth $11,611,000 after buying an additional 1,756,812 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

ProPetro Price Performance

The firm has a market capitalization of $1.19 billion, a P/E ratio of 1,144.60 and a beta of 0.77. The business’s 50-day simple moving average is $10.39 and its 200 day simple moving average is $8.11. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.13.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.