
ProPetro Hld (PUMP) Stock Forecast & Price Target
ProPetro Hld (PUMP) Analyst Ratings
Bulls say
ProPetro Holding Corp is positioned for growth due to the anticipated demand increase in power generation, projected to expand by 30 gigawatts over the next decade, highlighting a strong market for its services. The company benefits from a tight market for pressure pumping equipment, which, alongside improved capital discipline and industry consolidation, is expected to lead to stable pricing and solid profitability through 2024. Additionally, ProPetro's strong relationships with larger Permian operators and the deployment of its high-quality pressure pumping fleet are set to support improved operational metrics and financial performance in the coming years, notably into 2026.
Bears say
ProPetro Holding Corp has experienced a notable decline in its annualized EBITDA per fleet, which fell 17.5% sequentially, reflecting underlying operational challenges within its key hydraulic fracturing segment. The company's total adjusted EBITDA of $52.7 million missed projections by 6.3%, marking a significant 26.0% decline from the previous quarter and highlighting a concerning trend in revenue generation. Additionally, the risk of pricing deterioration due to Permian takeaway constraints and increased competition in pressure pumping services further exacerbates the negative outlook for the company's financial performance.
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
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