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.
Kinder Morgan (KMI) generates stable fee-based revenues from its vast network of midstream infrastructure. However, a slowdown in drilling activities might affect it.
Exxon is likely looking to put surplus cash to work, and there are many oil companies that may be acquisition targets for industry giants.
Upgrades According to Citigroup, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Sell to Neutral. In the first quarter, First Solar showed an EPS of $0.40, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $65.51. At the end of the last trading period, First Solar closed ...
