ProPetro Holding: Still Much To Get From Oil And Gas

Wealth Analytics
1.13K Followers

Summary

  • ProPetro Holding Corp has seen a positive return of around 7-8% for the year, despite negative sentiment in the oil and gas industry.
  • PUMP operates as an oilfield services company, providing hydraulic fracturing and other services for the oil and gas industry in the US.
  • The company's recent report showed growth in revenues and fleet utilization, indicating a stronger demand in the sector and supporting a buy rating.

A labourer is tying the borewell drilling pipe with a rope and getting it stuck in the borewell drilling ring machine- Waterwell Drilling Machine

Tabishere/iStock Editorial via Getty Images

Investment Rundown

ProPetro Holding Corp (NYSE:PUMP) has seen a decent climb in its share price in the last couple of months and it sits at a positive return of around 7 - 8% for the year, despite a

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I write about companies that fascinate me and that also offers investors with potential as a long-term position. I primarily focus on the energy and industrial sector but every now and again venture out to other sectors too.

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