As of Wednesday close, ProPetro Holding Corp.’s (NYSE:PUMP) stock was up $0.03, moving up 0.30 percent to $9.96. The average number of shares traded per day over the past five days has been 798,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 1,078,135, while in the previous 50 days, it was 1,212,144.
Since last month, PUMP stock rose 3.21%. Shares of the company fell to $9.14 on 07/17/23, the lowest level in the past month. A 52-week high of $12.58 was reached on 01/12/23 after having rallying from a 52-week low of $6.33. Since the beginning of this year, PUMP’s stock price has dropped by -3.95% or -$0.41, and marked a new high 4 times. However, the stock has declined by -20.83% since its 52-week high.
PUMP stock investors should be aware that ProPetro Holding Corp. (PUMP) stock had its last reported insider trading activity 2 days ago on Aug 15. Omavuezi Elo, the Chief Accounting Officer of the company, disposed of 5,000 shares for $10.05 on Aug 15. It resulted in a $50,250 divestment by the insider. Omavuezi Elo sold 4,182 shares at an average price of $10.28 on Aug 11. The insider now owns 6,903 shares following the transaction. On Aug 08, President and COO Munoz Adam sold 21,467 shares at $10.09 apiece. The transaction was valued at $216,602.
Valuation Metrics
Right now, ProPetro Holding Corp. (PUMP) has a P/E ratio of about 12.45. The stock’s beta is 2.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.13.
Financial Health
In the three months ended June 29, ProPetro Holding Corp.’s quick ratio stood at 1.20, while its current ratio was 1.30, 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 June 29 was 0.06, and the total debt-to-equity ratio was 0.06. On the profitability front, the trailing twelve-month gross margin is 32.20% percent. In the year ended June 29, EBITDA margin amounted to 22.28%, whereas operating margins totaled 8.20%. 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 9.60%.
In ProPetro Holding Corp.’s quarter-end financial report for June 29, it reported total debt of $60.0 million against cash and short-term investments of $6.44 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 27.61% to $423.57 million during the quarter, while net income inched up to $435.25 million. While analysts expected ProPetro Holding Corp. to report $0.41 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by -17.10%. During the quarter, the company generated $105.45 million in EBITDA. The liabilities of ProPetro Holding Corp. were 425.02 million at the end of its most recent quarter ended June 29, and its total debt was $65.69 million. The value of shareholders’ equity is $112.77 million.
Technical Picture
This quick technical analysis looks at ProPetro Holding Corp.’s (PUMP) price momentum. With a historical volatility rate of 23.06%, the RSI 9-day stood at 49.56% on 16 August.
With respect to its five-day moving average, the current ProPetro Holding Corp. price is down by -3.21% percent or -$0.33. At present, PUMP shares trade -2.73% below its 20-day simple moving average and +46.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately +35.33% above its SMA50 and -12.86% below its SMA200.
Stochastic coefficient K was 53.12% and Stochastic coefficient D was 60.61%, while ATR was 0.38. Given the Stochastic reading of 47.97% for the 14-day period, the RSI (14) reading has been calculated as 54.02%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at -0.06.
Analyst Ratings
The Benchmark Company upgraded its rating on ProPetro Holding Corp. (NYSE: PUMP) to a Buy in a note to investors on July 19, 2023. The analysts firm previously had a Hold rating on the stock.ProPetro Holding Corp. (PUMP) has been rated Overweight by analysts. According to 1 brokerage firm, PUMP is a sell, and 3 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 $12.50, the current consensus forecast for the stock is $10.00 – $16.00. Based on these forecasts, analysts predict ProPetro Holding Corp. (PUMP) will achieve an average price target of $12.40.
