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].

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]

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 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 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 ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION ______________________________ ______________________________ Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38035 ______________________________ ProPetro Holding Corp. (Exact name ...

ProPetro Holding Corp (NYSE:PUMP) Q3 2024 Results Conference Call October 30, 2024 9:00 AM ET Company Participants Matt Augustine - Director of Corporate Development and IR Sam Sledge - Chief Executive Officer David Schorlemer - Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Waqar Syed - ATB Capital Markets John Daniel - Daniel Energy Partners Scott Gruber - Citigroup Kurt Hallead - Benchmark Jeff LeBlanc - TPH Stephen Gengaro - Stifel Sean Mitchell - Daniel Energy Partners Operat ...

| --- | --- | --- | --- | --- | --- | |-----------------------|-------|-------|---------|----------------|-------| | PROPETRO® | | | | | | | | | | | | | | | | | | | | | Investor Presentation | | | Int Int | | | | October 30, 2024 | | | | til int & sm # | සික " | | | | | | | | Forward-Looking Statements Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in c looking statements that are made pursuant to the Safe Harbor Pr ...

ProPetro Holding (PUMP) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this oilfield services company would post earnings of $0.08 per share when it actually produced a loss of $0.03, delivering a surprise of -137.50%. Over the last four qua ...