Permian Basin horizontal rig count and completion activity - directly drives frac fleet demand
Pressure pumping utilization rates and day-rate pricing - industry-wide supply/demand balance determines pricing power
WTI crude oil prices above $65-70/barrel - threshold where E&P operators accelerate completion activity
Fleet efficiency metrics (stages per day, equipment uptime) - operational execution relative to peers
high - Hydraulic fracturing demand is directly tied to E&P operator drilling budgets, which correlate tightly with oil prices and energy sector capital availability. During downturns (2020, 2015-2016), frac activity collapses 50-70% as operators slash completion budgets. Recovery depends on sustained oil prices above operator breakeven costs ($50-65/barrel for Permian producers) and confidence in forward price curves. Industrial production and manufacturing activity provide secondary signals of energy demand.
Moderate sensitivity through two channels: (1) Higher rates increase E&P customer financing costs, potentially reducing drilling budgets for leveraged operators, particularly impacting smaller private equity-backed customers; (2) ProPetro's own debt service costs rise, though current 0.24x debt/equity ratio limits direct impact. Valuation multiples compress as investors rotate from cyclical energy services to defensive sectors when rates rise. Credit spreads matter more than absolute rate levels - widening high-yield spreads signal reduced E&P access to capital.
Permian Basin maturation and declining well productivity - as tier-1 acreage depletes, operators may reduce completion intensity or shift to other basins, reducing long-term frac demand in ProPetro's core market
Energy transition and ESG pressures - institutional investor divestment from fossil fuels limits E&P capital availability; regulatory restrictions on flaring, water usage, or emissions could increase completion costs and reduce activity
Electric frac fleet adoption - competitors deploying e-frac technology (Halliburton, Liberty) may gain cost and emissions advantages, pressuring ProPetro's dual-fuel differentiation
value/momentum - Attracts deep value investors during cyclical troughs betting on utilization recovery and mean reversion in margins, plus momentum traders during oil price rallies when energy services stocks exhibit high beta. Recent 148% six-month return reflects momentum-driven rally. Not suitable for income investors (no dividend) or growth investors (mature, cyclical industry). Hedge funds and energy specialists dominate ownership given volatility and sector expertise required.
No analyst coverage available for this stock.
Trend
+17.7% vs SMA 50 · +75.8% vs SMA 200
Momentum
Distribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
PUMP News
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About
ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
PUMP◀ | $16.62 | -2.98% | $2.0B | — | -1212.6% | 6.5% | 1500 |
| $152.81 | -0.98% | $635.2B | 25.3 | -452.2% | 890.5% | 1497 | |
| $190.63 | -1.39% | $380.4B | 34.3 | -464.4% | 666.9% | 1490 | |
| $123.19 | -2.06% | $150.2B | 20.6 | +751.1% | 1360.5% | 1503 | |
| $75.54 | -1.01% | $92.4B | 35.3 | +1377.7% | 2190.8% | 1497 | |
| $56.92 | +0.07% | $85.1B | 25.8 | -159.8% | 938.1% | 1515 | |
| $138.95 | -1.15% | $74.4B | 15.0 | -346.9% | 2206.8% | 1500 | |
| Sector avg | — | -1.36% | — | 26.0 | -72.4% | 1180.0% | 1500 |