ProPetro increases share repurchase authorization to $200M
Seeking Alpha News (Wed, 24-Apr 4:43 PM ET)
ProPetro Increases Share Repurchase Authorization to $200 million
Business Wire (Wed, 24-Apr 4:30 PM ET)
ProPetro Announces First Quarter 2024 Earnings Call
Business Wire (Thu, 4-Apr 4:30 PM ET)
Globe Newswire (Sun, 31-Mar 12:11 PM ET)
Business Wire (Wed, 6-Mar 4:00 PM ET)
Business Wire (Wed, 6-Mar 1:17 PM ET)
Globe Newswire (Tue, 5-Mar 9:05 AM ET)
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.
Propetro Holding Corp. trades on the NYSE stock market under the symbol PUMP.
As of April 25, 2024, PUMP stock price declined to $8.65 with 1,300,327 million shares trading.
PUMP has a beta of 0.08, meaning it tends to be less sensitive to market movements. PUMP has a correlation of 0.00 to the broad based SPY ETF.
PUMP has a market cap of $930.46 million. This is considered a Small Cap stock.
Last quarter Propetro Holding Corp. reported $348 million in Revenue and -$.16 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.25.
In the last 3 years, PUMP stock traded as high as $16.93 and as low as $6.33.
The top ETF exchange traded funds that PUMP belongs to (by Net Assets): IJR, VTI, IWM, VB, AVUV.
PUMP stock has underperformed the market in the last year with a return of +19.6%, while SPY returned +23.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PUMP shares. However, PUMP has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and -0.1%, while SPY returned +3.7% and -2.4%, respectively. This indicates PUMP has been having a stronger performance recently.
PUMP support price is $8.42 and resistance is $8.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PUMP stock will trade within this expected range on the day.