ProPetro Holding Part 2: Estimates And Relative Valuation
The regression equation suggests a steady revenue growth for PUMP in the next couple of years. EBITDA can increase sharply...
ProPetro Holding Part 1: Frac Fleet Upgrade And Acquisition Are Key Value Drivers
Following the DGB conversions, ProPetro can begin 2023 with six Tier 4 DGB fleets, which can increase to at least...
ProFrac Holding Part 2: Target Price And Relative Valuation
Our regression model suggests that the revenue growth estimates are steady in the next two years. EBITDA can increase very...
Part 1: ProFrac Bets Big On Electric Fracking
With a strategic focus on ESG-compliant fracking, ProFrac, with four electric fracs under construction, will become the leading electric frac...
NexTier Oilfield Solutions Part 2: Estimates And Relative Valuation
Our regression estimate suggests NEX's revenues will go higher in NTM 2023 but may decelerate in NTM 2024. EBITDA, too,...
NexTier Oilfield Part 1: Free Cash Flow Improves Shareholders’ Returns
NexTier Oilfield's fleets remains "sold out;" however, seasonality can reduce the topline, while the operating profit margin can hold steady...
RES Part 2: Estimates And Relative Valuation
The regression model suggests that revenue growth can accelerate in NTM 2024 compared to NTM 2023. EBITDA can increase sharply...
RES Part 1: As Growth Stagnates, RES Turns To Shareholders’ Returns
RES may add another hydraulic fracturing fleet (net) in 2023. Although its FY2023 capex can increase, it expects to generate...
NOV Part 2: Estimates And Relative Valuation
Our regression model suggests a steady revenue growth in NTM 2023, but the rate can decelerate and then decline over...
Part 1: NOV Relies On Downhole Energy And International Markets Despite The Constraints
In the traditional energy business, NOV focuses on downhole energy business to improve visibility for precision well placement Increased opportunities...
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