ProPetro Holding Corp., an integrated oilfield services company, provides hydraulic fracturing, wireline, cementing, and other complementary oilfield completion services to upstream oil and gas companies in the Permian Basin. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.

ProPetro Holding Corp.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Small-Cap Value ETF (Symbol: VBR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $218.93 per unit.
With VBR trading at a recent price near $185.57 per unit, that means that analysts see 17.98% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VBR's underlying holdings with notable upside to their analyst target prices are CG Oncology Inc (Symbol: CGON), Azenta Inc (Symbol: AZTA), and ProPetro Holding Corp (Symbol: PUMP). Although CGON has traded at a recent price of $24.13/share, the average analyst target is 149.57% higher at $60.22/share. Similarly, AZTA has 96.32% upside from the recent share price of $27.71 if the average analyst target price of $54.40/share is reached, and analysts on average are expecting PUMP to reach a target price of $9.57/share, which is 78.90% above the recent price of $5.35. Below is a twelve month price history chart comparing the stock performance of CGON, AZTA, and PUMP:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
Vanguard Small-Cap Value ETF
VBR
$185.57
$218.93
17.98%
CG Oncology Inc
CGON
$24.13
$60.22
149.57%
Azenta Inc
AZTA
$27.71
$54.40
96.32%
ProPetro Holding Corp
PUMP
$5.35
$9.57
78.90%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
BDCs Hedge Funds Are Selling
Funds Holding ABM
Funds Holding GSUM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Analysts Expect VBR To Hit $219

(RTTNews) - ProPetro Holding Corp. (PUMP), an oilfield services company, On Tuesday announced the departure of Chief Financial Officer David Schorlemer, with effect from March 3.
Shares of ProPetro are gaining in the pre-market trading.
Celina Davila, chief accounting officer, will also serve as interim principal financial officer until a new CFO is appointed.
In the pre-market trading, ProPetro is 4.95% higher at $8.05 on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ProPetro CFO David Schorlemer Steps Down, Stock Up In Pre-market

ProPetro Holding Corp. PUMP has officially introduced a new subsidiary, ProPetro Energy Solutions, LLC, which will operate under the trade name ProPWR. This strategic move aims to enhance the company’s offerings in the growing market for power generation in the Permian Basin. ProPWR will primarily deploy more than 110 megawatts of mobile natural gas-fueled power generation equipment to serve a variety of applications, including oilfield operations and other industrial sectors.
PUMP’s stock surged 17.8% on Tuesday, indicating strong investor optimism about its innovative expansion into the power generation sector. This announcement marks a significant milestone for PUMP, as the company launches its first organic service line in a decade.
ProPWR: Meeting the Power Needs of the Permian Basin
The Permian Basin, a key oil and gas exploration region, has seen an increase in energy consumption due to expanding operations and infrastructure development. ProPWR’s mobile natural gas-fueled power generation equipment will play a critical role in meeting this demand, particularly in remote oilfield locations where reliable power is important.
Expanding Beyond Oil and Gas: A Broader Market Strategy
While the initial focus is on oilfield power applications, ProPWR has plans to extend its services beyond the energy sector. The company intends to serve a range of industries, including general industrial projects and data centers, which are expected to gravitate toward the Permian Basin due to its robust infrastructure and proximity to key resources. This diversification strategy will enable ProPWR to tap into multiple growth markets, offering mobile power generation solutions that are versatile and scalable.
By leveraging PUMP’s extensive customer base and established infrastructure, ProPWR is well-positioned to become a leading provider of mobile power services across the Permian Basin. The combination of advanced technology, high-quality service and commercial creativity will allow the subsidiary to capture significant market share in traditional and emerging sectors.
PUMP’s Financial Commitment and Growth Plans
The total investment for this growth initiative is approximately $122 million, which will be financed through a combination of cash and external financing resources. The initial phase of the investment will involve an early cash investment of up to $20 million in early 2025, with the remaining funds to be paid as due progress payments. Equipment deliveries are expected to take place between June 2025 and March 2026 with the company planning to deploy the assets as soon as they are delivered.
The initial order of 110 megawatts is just the beginning with PUMP aiming to expand its portfolio of mobile power generation assets significantly. The company intends to build a diverse range of mobile power solutions to cater to a growing demand for energy in the Permian Basin and beyond. The long-term strategy is to establish ProPWR as the premier mobile power services provider in the region, delivering reliable and scalable energy solutions to a wide array of industries.
Strategic Growth and Innovation at PUMP
PUMP’s new subsidiary is poised to serve the growing demand for electric power across the oil and gas sector, focusing on providing mobile power solutions that complement its existing FORCE electric-powered hydraulic fracturing fleets. The added power generation capacity will be crucial for meeting the rising demand for energy in one of the most important oil-producing regions in the world.
The establishment of ProPWR aligns with ProPetro’s vision to continue expanding its footprint in the energy sector. Sam Sledge, CEO of ProPetro, highlighted the importance of this move, stating, "We are thrilled to announce our first organic service line startup in over a decade, a testament to our willingness to innovate and draw on our entrepreneurial roots." This commitment to innovation is evident in the company’s ability to adapt to market demands and providing critical infrastructure solutions for the Permian Basin's power generation needs.
Travis Simmering, president of ProPWR, emphasized the company’s focus on providing a differentiated power generation experience, saying, "The forecasted load growth for electricity is significant, and these assets will enable ProPetro to access growth markets." The initial order of more than 110 megawatts will not only support its hydraulic fracturing services but will also position ProPWR as a key player in the broader energy landscape. ProPetro’s established reputation for delivering premium services with a focus on reliability and innovation will help ProPWR capture market share in the oilfield and industrial sectors.
ProPWR’s Roadmap to Success
ProPetro’s ProPWR division is set to become a key player in the evolving energy landscape of the Permian Basin. With its initial order of mobile power generation equipment, the company is prepared to meet the energy needs of the oil and gas industry while also capitalizing on opportunities in the non-oil and gas sectors.
As the Midland, TX-based oil and gas equipment and services company continues to innovate and expand its service offerings, ProPWR will play a vital role in shaping the future of power generation in the Permian Basin, positioning PUMP for long-term growth and success in an increasingly dynamic energy market.
PUMP’s Zacks Rank & Key Picks
Currently, PUMP has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Petrofac Limited POFCY, Targa Resources Corp. TRGP and Ovintiv Inc. OVV, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Petrofac is valued at $64.11 million. This oil and gas equipment and services company operates across four segments including Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services and Integrated Energy Services.
Targa Resources is valued at $40.76 billion. In the past year, its shares have risen 116.3%. TRGP is a leading provider of midstream energy infrastructure services in the United States. It offers a wide range of services, including gathering, processing, transportation, storage and marketing of natural gas and natural gas liquids.
Ovintiv is valued at $10.76 billion. This company currently pays a dividend of $1.2 per share, or 2.9%, on an annual basis. OVV is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
Targa Resources, Inc. (TRGP) : Free Stock Analysis Report
Petrofac Ltd. (POFCY) : Free Stock Analysis Report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Ovintiv Inc. (OVV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary

A month has gone by since the last earnings report for ProPetro Holding (PUMP). Shares have added about 22.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is ProPetro due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
ProPetro Q3 Earnings Beat Estimates
ProPetro reported third-quarter 2024 adjusted earnings per share of 12 cents which beat the Zacks Consensus Estimate of 3 cents. This outperformance could be primarily attributed to improved pricing and increased activity in the reported quarter. The bottom line, however, declined from the year-ago quarter’s reported level of 31 cents due to a 42.7% year-over-year increase in costs and expenses.
Revenues of $360.9 million beat the consensus mark of $358 million. However, the figure decreased 14.8% from the year-ago quarter’s level of $423.8 million. This was due to a year-over-year decline in service revenues from Hydraulic Fracturing and Wireline operations.
Adjusted EBITDA amounted to $71.1 million, down 34% from $107.7 million reported in the previous quarter.
On April 24, the company revealed a $100 million increase to its share repurchase program, raising the total to $200 million and extending the plan until May 2025. In the third quarter, PUMP repurchased and retired 1.3 million shares at a cost of $10 million. To date, the company has acquired and retired 12.6 million shares, accounting for about 11% of its total outstanding shares.
The net loss was $137 million, a significant increase from a net loss of $4 million in the previous quarter. This third-quarter net loss included a non-cash impairment charge of $189 million related to the company's Tier II diesel-only pumping units and associated conventional equipment in hydraulic fracturing segment, which now represents a decreasing portion of active fleets.
In the third quarter, the company announced that three FORCE electric-powered hydraulic fracturing fleets are currently operating under contract with major customers. A fourth fleet is expected to be deployed by the end of the year, followed by a fifth fleet set for early 2025.
Pressure Pumping
ProPetro provides hydraulic fracturing, cementing and acidizing functions through its Pressure Pumping segment. The business contributed 100% to PUMP's total revenues in the quarter under review.
Service revenues from this unit decreased 14.8% to $360.9 million from the prior-year quarter’s level. However, the figure was higher than our estimate of $355.9 million.
Costs & Financial Position
Total costs and expenses were $541 million for the third quarter, which was up 42.7% from the prior-year quarter’s level. The cost of services (exclusive of depreciation and amortization) was $267.6 million compared with $292.5 million in the prior-year quarter. The loss on disposal of assets totaled $2.1 million compared with $12.7 million in the prior-year quarter.
In the third quarter of 2024, the company recorded $37 million in capital expenditures, primarily for maintenance and support equipment for FORCE electric hydraulic fracturing fleets. The statement of cash flows indicated that net cash used in investing activities amounted to $40 million for the quarter.
As of Sept. 30, PUMP had $46.6 million in cash and cash equivalents and $45 million in borrowings under its ABL Credit Facility. Total liquidity stood at $127 million, including $80 million in available credit in September end. Long-term debt amounted to $45 million. The total debt-to-total capital was 5.1%.
Net cash provided by operating activities decreased to $214.4 million in this quarter, which was down from $104.9 million in the last quarter. Free cash flow decreased to approximately negative $5 million, down from $47.9 million in the previous quarter.
Guidance
The company anticipates a reduction in its 2024 capital expenditure guidance for the second time this year, now estimating between $150 million and $175 million, which was down from the previous range of $175 million to $200 million.
In the third quarter, 14 hydraulic fracturing fleets were active and management expects to maintain the same in the fourth quarter of 2024.
The company expects that while some industry softness may be experienced in the fourth quarter due to normal seasonality and budget exhaustion, demand for its services remains strong.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
The consensus estimate has shifted 142.86% due to these changes.
VGM Scores
At this time, ProPetro has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, ProPetro has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
ProPetro belongs to the Zacks Oil and Gas - Field Services industry. Another stock from the same industry, Schlumberger (SLB), has gained 9% over the past month. More than a month has passed since the company reported results for the quarter ended September 2024.
Schlumberger reported revenues of $9.16 billion in the last reported quarter, representing a year-over-year change of +10.2%. EPS of $0.89 for the same period compares with $0.78 a year ago.
For the current quarter, Schlumberger is expected to post earnings of $0.91 per share, indicating a change of +5.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Schlumberger. Also, the stock has a VGM Score of B.
Free Today: Profiting from The Future’s Brightest Energy Source
The demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.
Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.
Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Schlumberger Limited (SLB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ProPetro (PUMP) Up 22.7% Since Last Earnings Report: Can It Continue?

Kinder Morgan, Inc. KMI is a well-known name in the midstream energy space. The Zacks Consensus Estimate for Kinder Morgan earnings for 2024 and 2025 is pegged at $1.18 and $1.22 per share, respectively, unchanged over the past seven days.
What’s Favoring the Stock?
Being a leading North American midstream energy player, Kinder Morgan, carrying a Zacks Rank #3 (Hold), has the continent's largest natural gas transportation network. The company’s natural gas pipeline assets, spread across roughly 70,000 miles, are responsible for transporting approximately 40% of natural gas produced in the United States.
Moreover, being a transporter of roughly 2.4 million barrels per day of refined products through its pipeline network across 9,500 miles, the company is the largest independent transporter of refined products in North America. Kinder Morgan also has operating interests in 65 liquid terminals.
KMI generates stable fee-based revenues from its vast network of midstream infrastructure. The midstream player’s business model is relatively less exposed to the volatility in oil and gas prices than upstream and downstream companies.
What’s Hurting it?
However, there has been a slowdown in drilling activities, as upstream players mainly focus on stockholder returns rather than boosting output. This could affect demand for midstream assets.
Stocks to Consider
Better-ranked energy companies include Vitesse Energy Inc VTS, ProPetro Holding Corp. PUMP, and SM Energy Company SM. While Vitesse Energy and SM Energy sport a Zacks Rank #1 (Strong Buy), ProPetro Holding carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vitesse Energy has non-operated working and mineral interests in oil and gas assets, mainly across the prolific Bakken in North Dakota. Having interests in 6,932 productive wells, Vitesse Energy has offered a solid production outlook, assuming that the crude pricing scenario will remain extremely favorable.
The business scenario for ProPetro Holding is bright, given the current favorable oilfield service demand. Thus, it generates handsome cashflows as it is a leading provider of pressure pumping and other complementary services. For 2024 and 2025, ProPetro Holding has witnessed upward earnings estimate revisions over the past 30 days.
To enhance its key asset portfolio, SM Energy has agreed to acquire oil and gas assets in the Uinta Basin from XCL Resources for $2.55 billion.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SM Energy Company (SM) : Free Stock Analysis Report
Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Vitesse Energy, Inc. (VTS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why Hold Strategy is Apt for Kinder Morgan (KMI) Stock

Enbridge Inc. ENB has witnessed upward earnings estimate revisions for 2024 in the past 30 days.
Factors Favoring the Stock
Currently carrying a Zacks Rank #3 (Hold), Enbridge is among the leading midstream energy players in North America. Its energy infrastructure includes one of the world’s longest crude oil pipeline networks.
With a significant portion of its assets being contracted by shippers for the long term, its business model is less exposed to volatility in oil and gas prices. Backed by long-term contracts, Enbridge’s business model has considerably lower volume risk exposure.
ENB has secured approximately C$25 billion in growth capital projects, slated for completion by 2028. This initiative is expected to bolster the company's cashflows in the years ahead.
The midstream company is strongly dedicated to consistently returning capital to shareholders, a commitment supported by 29 consecutive years of annual dividend increases.
Risks
Compared to composite stocks belonging to the industry, Enbridge’s balance sheet has more debt exposure. Moreover, the leading midstream energy player’s bottom line is affected by increasing operating and administrative costs.
Stocks to Consider
Some better-ranked energy companies include Vitesse Energy Inc VTS, ProPetro Holding Corp. PUMP, and SM Energy Company SM. While Vitesse Energy sports a Zacks Rank #1 (Strong Buy), ProPetro Holding and SM Energy carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vitesse Energy has non-operated working and mineral interests in oil and gas assets, mainly across the prolific Bakken in North Dakota. Having interests in 6,932 productive wells, Vitesse Energy has secured a solid production outlook, assuming that the crude pricing scenario will remain extremely favorable.
The business scenario for ProPetro Holding is bright, given the current favorable oilfield service demand. Thus, it secures handsome cashflows as it is a leading provider of pressure pumping and other complementary services. For 2024 and 2025, ProPetro Holding has witnessed upward earnings estimate revisions over the past 30 days.
To enhance its key asset portfolio, SM Energy has agreed to acquire oil and gas assets in the Uinta Basin from XCL Resources for $2.55 billion.
Free Report: 5 “Whisper” Stocks Poised to Stun Wall Street
Analysts may be seriously underestimating these stocks. When they announce earnings, they could immediately jump +10-20%.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SM Energy Company (SM) : Free Stock Analysis Report
Enbridge Inc (ENB) : Free Stock Analysis Report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Vitesse Energy, Inc. (VTS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why Hold Strategy is Apt for Enbridge (ENB) Stock Now

Exxon Mobil Corporation's XOM divestment of its oil and gas assets to Seplat Energy plc in Nigeria has faced significant hurdles but recent developments signal progress toward the deal's conclusion, per a report by Bloomberg.
Nigeria's state oil company, the Nigerian National Petroleum Company (“NNPC”), has withdrawn its legal challenge to the transaction, removing a major obstacle that had stalled the $1.3-billion deal.
The NNPC applied to a high court in Nigeria's capital, Abuja, to drop the case, a move confirmed by its legal firm, Afe Babalola. The decision follows an undisclosed agreement reached between the NNPC and ExxonMobil last month, paving the way for the deal's completion. However, court documents indicate that the NNPC reserves the right to resume its case if the terms of the settlement are not met.
The divestment, which was signed between ExxonMobil and Seplat Energy in February 2022, has been awaiting regulatory approval since then. Key approvals from the Nigerian Upstream Petroleum Regulatory Commission, with an indicated August deadline, and Nigerian president Bola Tinubu are still pending.
Once finalized, the deal will see Seplat Energy acquiring ExxonMobil's assets for $1.28 billion, significantly bolstering its position in Nigeria’s oil and gas sector. Seplat Energy is poised to expand its natural gas fields, becoming one of the largest suppliers of domestic gas to Nigerian power plants. The acquisition will nearly quadruple Seplat Energy's production to more than 130,000 barrels per day, potentially injecting much-needed capital into Nigeria's oil industry and boosting oil production.
In addition to ExxonMobil's deal with Seplat Energy, another significant divestment transaction is underway in Nigeria's oil sector. Shell Plc SHEL announced in January its agreement to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion. Like the ExxonMobil-Seplat Energy deal, Shell's divestment is awaiting regulatory approval, with expectations for further developments in the near future.
These divestment deals reflect ongoing efforts by multi-national oil companies to streamline their operations and focus on core assets while providing opportunities for local companies to expand their presence in Nigeria's lucrative oil and gas sector. As regulatory approvals progress, these transactions are poised to reshape the landscape of Nigeria's oil industry, potentially leading to increased investment and improved oil production in the country.
Zacks Ranks & Stocks to Consider
ExxonMobil currently carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector may look at some better-ranked companies mentioned below. The three companies presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ProPetro Holding Corporation PUMP is an oilfield services provider operating primarily in the Permian Basin spread over West Texas and New Mexico. ProPetro’s strategic transition to next-generation equipment, including FORCE electric fleets, underscores its market leadership and cutting-edge technology.
The Zacks Consensus Estimate for PUMP’s 2024 and 2025 EPS is pegged at 67 cents and 83 cents, respectively. The company has a Zacks Style Score of A for Value and B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
USA Compression Partners, LP USAC is one of the largest independent natural gas compression service providers across the United States in terms of fleet horsepower. USA Compression Partners earns its revenues from the overall horsepower use of natural gas transported rather than the price. As such, the partnership is largely insulated from fluctuations in commodity prices.
The Zacks Consensus Estimate for USAC’s 2024 and 2025 EPS is pegged at 77 cents and 98 cents, respectively. The company has a Zacks Style Score of B for Growth and Momentum. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
Download Now – Today It’s FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
USA Compression Partners, LP (USAC) : Free Stock Analysis Report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ExxonMobil's (XOM) Nigerian Asset Sale Nears Completion

ConocoPhillips COP, a leading upstream energy firm in the world in terms of production and reserves, is well-positioned to capitalize on handsome crude prices. Currently, the firm carries a Zacks Rank #3 (Hold).
Factors Working in Favor
West Texas Intermediate crude price, trading above $70 per barrel, is highly favorable for upstream activities.
ConocoPhillips has secured a solid production outlook thanks to its decades of drilling inventories across its low-cost and diversified upstream asset base. The resource base represents the company’s strong footprint in prolific acres in the United States, comprising Eagle Ford shale, the Permian Basin and Bakken shale. ConocoPhillips boasted that drilling and completion activities are increasingly becoming efficient in all the key U.S. basins.
Compared to composite stocks belonging to the industry, the leading upstream energy company has considerably lower exposure to debt capital. This reflects that COP is better positioned to rely on its strong balance sheet to withstand any adverse business scenario.
Risks
Being an upstream energy player, the company’s overall operations are exposed to volatility in oil and natural gas prices. Moreover, the company’s overall operating and production expenses continue to increase, hurting the bottom line.
Stocks to Consider
Some better-ranked energy companies include Sunoco LP SUN, ProPetro Holding Corp. PUMP and Vista Energy SAB de CV VIST. Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sunoco, the leading independent fuel distributor in the United States, has a stable business model and relatively lower exposure to commodity price volatility. This is because the partnership distributes fuel to branded distributors under long-term contracts.
The business scenario for ProPetro Holding is bright, given the current favorable oilfield service demand. Thus, it secures handsome cashflows as it is a leading provider of pressure pumping and other complementary services. For 2024 and 2025, ProPetro Holding has witnessed upward earnings estimate revisions over the past 30 days.
Vista Energy, a leading exploration and production company, has a significant presence in Vaca Muerta, a highly productive shale oil and gas play outside of North America. The company has set an ambitious goal of achieving net-zero emissions by 2026.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ConocoPhillips (COP) : Free Stock Analysis Report
Sunoco LP (SUN) : Free Stock Analysis Report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why Hold Strategy is Apt for ConocoPhillips (COP) Now

Energy stocks were falling late Monday afternoon, with the NYSE Energy Sector Index dropping 2.5% and the Energy Select Sector SPDR Fund (XLE) down 3%.
The Philadelphia Oil Service Sector index tumbled 5.2%, and the Dow Jones US Utilities index lost 1.2%.
Oil prices declined Monday after some oil producers over the weekend agreed to extend production cuts of 3.6 million barrels a day through the end of 2025 and to start unwinding certain voluntary reductions later this year. A coalition of eight members of the Organization of the Petroleum Exporting Countries and its allies will extend the October 2022 production cuts and the voluntary reductions of 1.65 million barrels per day through the end of 2025.
Front-month West Texas Intermediate crude dropped 3.8% to $74.04 a barrel, while global benchmark Brent fell 3.6% to $78.17 per barrel.
Henry Hub natural gas futures jumped 7% to $2.77 per 1 million BTU.
In corporate news, HMH Holding BV said Monday that its HMH Holding Inc. unit has submitted a first draft registration statement with the US Securities and Exchange Commission for a proposed initial public offering of HMH Holding Inc.'s common stock. HMH is a joint venture between Baker Hughes' (BKR) Subsea Drilling Systems business and Akastor's MHWirth unit. Baker Hughes shares were falling 4%.
ProPetro (PUMP) said Monday it has acquired wet sand services provider Aqua Prop in an all-cash deal initially valued at $35.6 million. ProPetro shares were down 4.3%.
Shell (SHEL) has been rebuffed by an appeals court in South Africa in its bid to overturn a 2021 decision blocking the company's plans to explore for oil offshore in the country's Wild Coast region, Bloomberg reported Monday, citing a summary of Monday's ruling it obtained. Shell shares were decreasing 2.7%.
Dominion Energy (D) said Monday it completed the sale of its Questar Gas natural-gas utility and its Wexpro cost-of-service gas supply company to Enbridge (ENB) for about $4.3 billion, including assumed debt. Dominion shares were down 0.4%, and Enbridge was easing 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Energy Sector Update for 06/03/2024: BKR, PUMP, SHEL, D, ENB

Energy stocks were in the red Monday afternoon, with the NYSE Energy Sector Index falling 2.7% and the Energy Select Sector SPDR Fund (XLE) dropping 3.1%.
The Philadelphia Oil Service Sector index tumbled 5.6%, and the Dow Jones US Utilities index was decreasing 1.5%.
Front-month West Texas Intermediate crude was dropping 3.7% to $74.16 a barrel, while global benchmark Brent was falling 3.4% to $78.33 per barrel. Henry Hub natural-gas futures jumped 3.8% to $2.69 per 1 million BTU.
In corporate news, ProPetro (PUMP) said Monday it has acquired wet sand services provider Aqua Prop in an all-cash deal initially valued at $35.6 million. ProPetro shares were down about 5%.
Shell (SHEL) has been rebuffed by an appeals court in South Africa in its bid to overturn a 2021 decision blocking the company's plans to explore for oil offshore in the country's Wild Coast region, Bloomberg reported Monday, citing a summary of Monday's ruling it obtained. Shell shares were decreasing 2.4%.
Dominion Energy (D) said Monday it completed the sale of its Questar Gas natural-gas utility and its Wexpro cost-of-service gas supply company to Enbridge (ENB) for about $4.3 billion, including assumed debt. Dominion shares were down 0.6%, and Enbridge was shedding 0.4%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ProPetro Holding Corp.

Fundamental analysis

Ratios

Valuation

Debts

Efficiency

Other ratios

Revenue

Financials

Growth

Assets

Debts