Breaking News Instant updates and real-time market news.

PUMP

ProPetro Holding

$14.96

-0.49 (-3.17%)

16:16
01/22/19
01/22
16:16
01/22/19
16:16

ProPetro reports preliminary Q4 revenue $421M-$426M, consensus $414.77M

Reports preliminary Q4 cost of services, exclusive of depreciation and amortization, of $299M-$304M. Dale Redman, Chief Executive Officer, commented, "We are very proud of the way our team finished what was the most successful and transformational year in our company's history. We are fortunate to serve a best in class customer base that continues to innovate and lead in the Permian Basin. Our long-term business model of close collaboration with our customers to help drive their success has served us well through industry cycles and times of transitory market volatility and we will continue with our proven approach. During the fourth quarter of 2018 we experienced higher than expected activity levels as well as improved efficiencies leading to strong financial performance. Continued high levels of utilization for our legacy fleet complemented by the recent closing of our transaction with Pioneer Natural Resources and initiation of the service agreement to meet their long-term needs has resulted in a good start to 2019. We look forward to further serving the needs of our customers as we improve and build upon our differentiated business model."

  • 10

    Feb

PUMP ProPetro Holding
$14.96

-0.49 (-3.17%)

01/17/19
STFL
01/17/19
NO CHANGE
STFL
Stifel lowers Oilfield Services and Equipment estimates
Stifel analyst Stephen Gengaro said he expects overall E&P capital spending to be about flat in the U.S. market and he cut his forecast for U.S. drilling and completion activity based on the current WTI crude oil strip. He lowered his U.S rig count projections by 50 to 1,050 rigs in 2019 and by 100 to 1,150 rigs in 2020 and he cut his 2019 EBITDA forecast by roughly 10% on average. Based on the changes in estimates, Gengaro lowered his earnings expectations for the majority of the names he covers and cut his price targets on several. Among the largest target changes, he lowered his price target on Core Laboratories (CLB) to $86 from $110, cut his target on Emerge Energy (EMES) to $3 from $5, reduced his target on Halliburton (HAL) to $37 from $45 and trimmed his target on Superior Energy (SPN) to $5 from $9. Others in the space that Gengaro covers include Baker Hughes (BHGE), DMC Global (BOOM), Civeo (CVEO), Keane Group (FRAC), FTS International (FTSI), Liberty Oilfield Services (LBRT), National Oilwell (NOV), Oil States (OIS), Pioneer Energy (PES), ProPetro Holding (PUMP), RPC, Inc. (RES), Schlumberger (SLB), U.S. Silica (SLCA), Smart Sand (SND), Solaris Oilfield (SOI), Tenaris (TS), Tetra Technologies (TTI) and Weatherford (WFT).
01/17/19
COWN
01/17/19
UPGRADE
Target $24
COWN
Outperform
Cowen more positive on pressure pumping stocks, upgrades ProPetro
Cowen analyst Marc Bianchi upgraded ProPetro Holding (PUMP) to Outperform from Market Perform to reflect his more positive stance on pressure pumping stocks. With relatively more focus toward U.S onshore activity, and in light of "significantly" lower investors expectations and more attractive valuations, the analyst is more positive on pressure pumping. He sees completion activity growing in Q2 and beyond driving improved utilization and margins. Bianchi lowered his price target for ProPetro Holding shares to $24 from $25.
01/17/19
COWN
01/17/19
UPGRADE
COWN
Outperform
ProPetro Holding upgraded to Outperform from Market Perform at Cowen
01/15/19
LEHM
01/15/19
NO CHANGE
LEHM
Barclays upgrades ProPetro, downgrades FTS, RPC and U.S. Silica
Barclays analyst J. David Anderson upgraded ProPetro Holding (PUMP) to Overweight from Equal Weight while downgrading both FTS International (FTSI) and U.S. Silica (SLCA) to Equal Weight from Overweight and RPC, Inc. (RES) to Underweight from Equal Weight. The analyst recommends that investors take a "best of breed approach" in the first half of 2019 to the U.S. land service markets. He tells investors to opportunistically add to positions in the highest quality names in the North America-centric verticals: ProPetro, Cactus (WHD) and Apergy (APY). Anderson believes ProPetro deserves a premium multiple for its "differentiated model in an increasingly commoditized market." He downgraded FTS because of the company's "spot market vulnerability and higher balance sheet leverage." The analyst downgraded RPC to Underweight citing its pressure pumping business, a discount multiple for spot exposure, and its higher maintenance capex. And his downgrade of U.S. Silica reflects the proppant markets remaining "in disarray and under heavy pricing pressure as the industry struggles to acclimate to in-basin proliferation."

TODAY'S FREE FLY STORIES

UNIT

Uniti Group

$9.94

0.08 (0.81%)

15:04
03/20/19
03/20
15:04
03/20/19
15:04
Options
Uniti Group options imply 6.2% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

NVS

Novartis

$93.75

0.76 (0.82%)

15:01
03/20/19
03/20
15:01
03/20/19
15:01
Periodicals
Novartis CEO wants to move towards 'transformational innovation,' Fortune says »

Novartis CEO Vasant…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

15:00
03/20/19
03/20
15:00
03/20/19
15:00
General news
Fed chair Powell says he thinks 'deficits matter' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.06

0.58 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

15:00
03/20/19
03/20
15:00
03/20/19
15:00
General news
FX Action: USD-CAD »

FX Action: USD-CAD hit…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Canada wholesale report preview »

Canada wholesale report…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Fed Chairman Powell on the outlook: »

Fed Chairman Powell on…

14:55
03/20/19
03/20
14:55
03/20/19
14:55
General news
Powell on the balance of risks: »

Powell on the balance of…

BA

Boeing

$379.38

5.51 (1.47%)

, LMT

Lockheed Martin

$298.16

1.61 (0.54%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
Periodicals
Pentagon's IG investigating Shanahan over Boeing comments, Politico says »

The Pentagon's…

BA

Boeing

$379.38

5.51 (1.47%)

LMT

Lockheed Martin

$298.16

1.61 (0.54%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 28

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

14:52
03/20/19
03/20
14:52
03/20/19
14:52
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.17

0.69 (0.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CELG

Celgene

$88.99

-0.11 (-0.12%)

14:50
03/20/19
03/20
14:50
03/20/19
14:50
Options
Bullish three-way spread in Celgene »

Bullish three-way spread…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Mar

  • 12

    Apr

  • 18

    May

  • 28

    May

  • 27

    Jun

  • 03

    Sep

ALXN

Alexion

$132.07

-0.87 (-0.65%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Recommendations
Alexion analyst commentary  »

Alexion turnaround…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 28

    Jun

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
General news
Fed chair Powell says ongoing risks to outlook include Brexit, trade talks »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.24

0.76 (0.27%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MU

Micron

$40.38

(0.00%)

14:49
03/20/19
03/20
14:49
03/20/19
14:49
Options
Micron options imply 11.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 28

    May

TSN

Tyson Foods

$65.30

-0.48 (-0.73%)

14:48
03/20/19
03/20
14:48
03/20/19
14:48
Options
Tyson Foods call buyer gobbles another 10K lot »

Tyson Foods call buyer…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

14:46
03/20/19
03/20
14:46
03/20/19
14:46
Hot Stocks
Breaking Hot Stocks news story on S&P 500, SPDR S&P 500 ETF Trust, Wells Fargo »

Fed chair Powell says…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

WFC

Wells Fargo

$50.90

-0.52 (-1.01%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Apr

  • 23

    Apr

  • 28

    May

  • 13

    Jul

  • 12

    Oct

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

14:45
03/20/19
03/20
14:45
03/20/19
14:45
General news
Fed chair Powell says slowing global growth a 'headwind' for U.S. economy »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.11

0.63 (0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPR

Spirit AeroSystems

$91.84

0.845 (0.93%)

14:42
03/20/19
03/20
14:42
03/20/19
14:42
Hot Stocks
Spirit AeroSystems receives EU approval for Asco acquisition »

Spirit AeroSystems…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 28

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

14:41
03/20/19
03/20
14:41
03/20/19
14:41
General news
Fed chair Powell says outlook 'is a positive one,' fundamentals 'very strong' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.89

0.41 (0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KMX

CarMax

$61.11

1.56 (2.62%)

, GPI

Group 1 Automotive

$62.48

0.69 (1.12%)

14:40
03/20/19
03/20
14:40
03/20/19
14:40
Hot Stocks
Used car retailers move up after Edmunds says new car prices squeezing buyers »

Shares of used vehicle…

KMX

CarMax

$61.11

1.56 (2.62%)

GPI

Group 1 Automotive

$62.48

0.69 (1.12%)

LAD

Lithia Motors

$87.87

0.57 (0.65%)

AN

AutoNation

$33.82

0.32 (0.96%)

CVNA

Carvana

$58.01

0.02 (0.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Mar

  • 18

    Apr

  • 25

    Apr

  • 28

    May

  • 25

    Jun

BBBY

Bed Bath & Beyond

$13.69

-0.3 (-2.14%)

14:40
03/20/19
03/20
14:40
03/20/19
14:40
Options
Put spreads in Bed, Bath and Beyond as a bearish position is adjusted »

Put spreads in Bed, Bath…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.58

0.1 (0.04%)

14:38
03/20/19
03/20
14:38
03/20/19
14:38
General news
Fed chair says economiy in 'good place,' 'want to keep it there' »

Federal Reserve chairman…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.58

0.1 (0.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DB

Deutsche Bank

$8.91

-0.13 (-1.44%)

, CRZBY

Commerzbank

$0.00

(0.00%)

14:34
03/20/19
03/20
14:34
03/20/19
14:34
Periodicals
Deutsche Bank deal talks with Commerzbank put U.S. workers on edge, Reuters says »

Deutsche Bank's (DB)…

DB

Deutsche Bank

$8.91

-0.13 (-1.44%)

CRZBY

Commerzbank

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

14:30
03/20/19
03/20
14:30
03/20/19
14:30
General news
Fed funds futures have jumped higher, led by deferred contracts »

Fed funds futures have…

14:30
03/20/19
03/20
14:30
03/20/19
14:30
General news
FOMC Forecast revisions »

FOMC Forecast revisions…

14:25
03/20/19
03/20
14:25
03/20/19
14:25
General news
More from the FOMC statement: the FOMC adjusted its outlook lower »

More from the FOMC…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.