
ProPetro Hld (PUMP) Stock Forecast & Price Target
ProPetro Hld (PUMP) Analyst Ratings
Bulls say
ProPetro Holding Corp is positioned positively due to the anticipated growth in demand for power generation, estimated at 30 gigawatts over the next decade, indicating strong future revenue potential. The company’s high-quality pressure pumping fleet and robust assets in the power generation sector suggest stable pricing and enhanced profitability, particularly through the end of 2024, as a result of a tight market for pressure pumping equipment. Additionally, the expectation of modest improvements in hydraulic fracturing fundamentals and management's guidance for a solid active fleet count in early 2025 further supports an optimistic outlook for revenue growth.
Bears say
ProPetro Holding Corp has reported a significant decline in financial performance, with annualized EBITDA per fleet from pressure pumping diminishing by 17.5% sequentially to $15.6 million, indicating weakness in operational efficiency. The company's total adjusted EBITDA of $52.7 million fell short of projections by 6.3% and exhibited a dramatic 26% decline from the prior quarter, reflecting broader issues within the sector exacerbated by seasonality and operational downtime. Additionally, revenue experienced an 11.2% sequential drop, aligning with forecasts but nonetheless revealing underlying challenges, including potential pricing pressures related to market constraints in the Permian Basin and competition in service offerings.
This aggregate rating is based on analysts' research of ProPetro Hld and is not a guaranteed prediction by Public.com or investment advice.
ProPetro Hld (PUMP) Analyst Forecast & Price Prediction
Start investing in ProPetro Hld (PUMP)
Order type
Buy in
Order amount
Est. shares
0 shares