ProPetro Holding Corp.
PUMPProPetro Holding Corp. is an oilfield services company specializing in hydraulic fracturing and well completion services for the upstream oil and natural gas industry. Founded in 2012, the company primarily operates in the Permian Basin and provides innovative, high-pressure fracturing solutions designed to enhance production efficiency for exploration and production companies.
Company News
ProPetro reported a $294 million quarterly revenue with declining financials but promising expansion into power generation, attracting increased investment from VR Advisory Services who added 2.5 million shares to their portfolio.
US oilfield service companies are being forced to slash prices, merge, or risk bankruptcy as a wave of mega-mergers among oil producers reduces their customer base.
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We remain optimistic about near-term prices for crude and advise investors to buy stocks like SUN, PUMP and TUWOY.
