How Analysts Feel About ProPetro Holding Corp. (PUMP)?


As of Friday close, ProPetro Holding Corp.’s (NYSE:PUMP) stock was down -$0.17, moving down -2.30 percent to $7.23. The average number of shares traded per day over the past five days has been 2,422,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.60 fall in that time frame. In the last twenty days, the average volume was 1,969,375, while in the previous 50 days, it was 1,469,838.

Since last month, PUMP stock retreated -27.12%. Shares of the company fell to $6.86 on 03/16/23, the lowest level in the past month. A 52-week high of $16.92 was reached on 01/12/23 after having rallying from a 52-week low of $6.86. Since the beginning of this year, PUMP’s stock price has dropped by -30.28% or -$3.14, and marked a new high 4 times. However, the stock has declined by -57.28% since its 52-week high.

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PUMP stock investors should be aware that ProPetro Holding Corp. (PUMP) stock had its last reported insider trading activity 17 days ago on Mar 01. SCHORLEMER DAVID SCOTT, the Chief Financial Officer of the company, purchased of 1,500 shares for $8.96 on Mar 01. It resulted in a $13,440 investment by the insider. SCHORLEMER DAVID SCOTT added 2,500 shares at an average price of $8.44 on Feb 24. The insider now owns 64,278 shares following the transaction. On Nov 15, Director GOBE PHILLIP A sold 65,860 shares at $11.36 apiece. The transaction was valued at $748,170.

Valuation Metrics

Right now, ProPetro Holding Corp. (PUMP) has a P/E ratio of about 1446.00. The stock’s beta is 2.38. Besides these, the trailing price-to-sales (P/S) ratio of 0.66, the price-to-book (PB) ratio of 0.84.

Financial Health

In the three months ended December 30, ProPetro Holding Corp.’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.03, and the total debt-to-equity ratio was 0.03. On the profitability front, the trailing twelve-month gross margin is 31.00% percent. In the year ended December 30, operating margins totaled -0.20%. Based on annual data, PUMP earned $396.88 million in gross profit and brought in $1.28 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.80%. Return on equity (ROE) for the past 12 months was 0.20%.

In ProPetro Holding Corp.’s quarter-end financial report for December 30, it reported total debt of $30.0 million against cash and short-term investments of $10.28 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PUMP’s revenue rose 29.48% to $333.01 million during the quarter, while net income inched up to $348.92 million. While analysts expected ProPetro Holding Corp. to report $0.33 quarterly earnings, the actual figure was $0.12 per share, beating the consensus estimate by -63.60%. During the quarter, the company generated $52.73 million in EBITDA. The liabilities of ProPetro Holding Corp. were 381.75 million at the end of its most recent quarter ended December 30, and its total debt was $33.16 million. The value of shareholders’ equity is $115.06 million.

Technical Picture

This quick technical analysis looks at ProPetro Holding Corp.’s (PUMP) price momentum. With a historical volatility rate of 56.28%, the RSI 9-day stood at 22.84% on 17 March.

With respect to its five-day moving average, the current ProPetro Holding Corp. price is down by -18.12% percent or -$1.60. At present, PUMP shares trade -26.67% below its 20-day simple moving average and -35.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.92% below its SMA50 and -44.60% below its SMA200.

Stochastic coefficient K was 10.28% and Stochastic coefficient D was 8.11%, while ATR was 0.54. Given the Stochastic reading of 11.35% for the 14-day period, the RSI (14) reading has been calculated as 28.35%. As of today, the MACD Oscillator reading stands at -1.00, while the 14-day reading stands at -1.39.

Analyst Ratings

The Benchmark Company launched its rating on ProPetro Holding Corp. (NYSE: PUMP) to a Hold in a note to investors on January 19, 2023. ProPetro Holding Corp. (PUMP) has been rated Overweight by analysts. According to 1 brokerage firm, PUMP is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ProPetro Holding Corp. stock as buy, with 4 recommending it as overweight.

With a median target price of $14.00, the current consensus forecast for the stock is $10.00 – $19.00. Based on these forecasts, analysts predict ProPetro Holding Corp. (PUMP) will achieve an average price target of $13.65.


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