Core Viewpoint - ProPetro Holding (PUMP) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - Current-quarter earnings are projected at $0.01 per share, reflecting a substantial increase of +106.25% compared to the same quarter last year. Over the past 30 days, one estimate has been revised upward with no negative revisions, leading to a 100% increase in the Zacks Consensus Estimate [4]. - For the full year, earnings are expected to be $0.29 per share, which is a decrease of -61.84% from the previous year. However, the trend remains positive, with one upward revision and no negative changes in estimates, resulting in a 26.67% increase in the consensus estimate [5]. Zacks Rank and Performance - ProPetro has achieved a Zacks Rank of 2 (Buy), indicating strong agreement among analysts regarding the positive revisions in earnings estimates. The Zacks Rank system has a proven track record of identifying stocks that outperform the market [6]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting that ProPetro may continue to see favorable performance [6]. Investment Outlook - The stock has appreciated by 23% over the past four weeks due to strong estimate revisions, and there is potential for further upside, making it a candidate for portfolio inclusion [7].

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) 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 ...

Thanks for your interest in Z4 Energy Research. As of January 2021, Tipranks placed us in the top 2% of all financial bloggers and top 5% of overall experts. If you would like more in depth discussions on oil, natural gas, wind, solar, fuel cells, and other renewables, please contact us at zman@zmansenergybrain.com. We have covered energy at zmansenergybrain.com since 2006 posting 6 days a week and have been in the markets since the early 1990s. We post weekly slide shows on the oil and natural gas inventor ...

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® | | | | | | | | | | | | | | | | | | | | | 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 ...

Wall Street expects a year-over-year decline in earnings on lower revenues when ProPetro Holding (PUMP) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octobe ...

Thanks for your interest in Z4 Energy Research. As of January 2021, Tipranks placed us in the top 2% of all financial bloggers and top 5% of overall experts. If you would like more in depth discussions on oil, natural gas, wind, solar, fuel cells, and other renewables, please contact us at zman@zmansenergybrain.com. We have covered energy at zmansenergybrain.com since 2006 posting 6 days a week and have been in the markets since the early 1990s. We post weekly slide shows on the oil and natural gas inventor ...