ProPetro Can Offer Value At The Current Dip [Seeking Alpha]
ProPetro Holding Corp. (PUMP)
Last propetro holding corp. earnings: 3/31 04:54 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.propetroservices.com
Company Research
Source: Seeking Alpha
ProPetro Can Offer Value At The Current Dip Summary ProPetro’s pressure pumping asset acquisition from PXD has boosted its asset base and provided a 10-year service agreement with PXD. Lack of demand for pressure pumping can lead to the reduction of one pressure pumping unit from PUMP’s fleet in Q2. The company’s balance sheet is strong, but its free cash flow was negative in Q1 due to a sharp increase in capex. Thestock is not over-valued at the current level. PUMP Can Weaken In The Short-Term ProPetro ( The asset acquisition from PXD has expanded PUMP's asset base. On top of that, the company has added to its cementing and coiled tubing fleets. However, the lack of pressure pumping demand could lead to the reduction of one frac fleet in Q2, which can affect its short-term prospect. In Q1, the operating profitability improvement was the result of efficiency gain rather than a function of cost reduction. The company should benefit from the ten-year agreement with PXD struck in early 2
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PUMP
News
- ProPetro Announces First Quarter 2024 Earnings CallBusiness Wire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProPetro Holding Corp. - PUMPGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProPetro Holding Corp. - PUMPPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProPetro Holding Corp. - PUMPAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ProPetro Holding Corp. - PUMPGlobeNewswire
PUMP
Earnings
- 2/21/24 - Miss
PUMP
Sec Filings
- 3/21/24 - Form DEF
- 3/21/24 - Form ARS
- 3/13/24 - Form 10-K
- PUMP's page on the SEC website