ProPetro Holding Corp (NYSE:PUMP) saw a downside of -0.88% to $10.19 after subtracting -$0.09 on Tuesday. The 5-day average trading volume is 1,127,638 shares of the company’s common stock. It has gained $10.61 in the past week and touched a new high 1 time within the past 5 days. An average of 1,890,020 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,382,178.
PUMP’s 1-month performance is 4.51% or $0.45 on its low of $9.42 reached on 08/31/23. The company’s shares have touched a 52-week low of $6.33 and high of $12.58, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, PUMP has lost -1.74% or -$0.17 and has reached a new high 4 times. However, the current price is down -19.00% from the 52-week high price.
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Insider Transactions
PUMP stock investors last saw insider trading activity on Sep 18.GOBE PHILLIP A (Director) most recently sold 20,000 shares at $11.00 per share on Sep 18. This transaction cost the insider $220,000. Director, GOBE PHILLIP A, sold 15,000 shares at a price of $10.50 on Sep 12. Then, on Sep 01, Director GOBE PHILLIP A sold 20,000 shares at a price of $10.01 per share. This transaction amounted to $200,200.
Valuation Metrics
PUMP stock has a beta of 2.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.75 while the price-to-book (PB) in the most recent quarter is 1.14.
ProPetro Holding Corp’s quick ratio for the period ended June 29 was 1.19, with the current ratio over the same period at 1.26. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.06, while the total debt to equity was 0.07. In terms of profitability, the gross margin trailing 12 months is 21.24%. The trailing 12-month EBITDA margin is 22.28% while for the period ending June 29, ProPetro Holding Corp’s operating margin was 13.93%. The firm’s gross profit as reported stood at $396.88 million against revenue of $1.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 183.7% to $39.26 million, while revenue of $28.73 million was 26.82% off the previous quarter. Analysts expected PUMP to announce $0.41 per share in earnings in its latest quarter, but it posted $0.34, representing a -17.10% surprise. EBITDA for the quarter stood at more than $105.45 million. PUMP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 425.02 million, with total debt at $65.69 million. Shareholders hold equity totaling $112.77 million.
Let’s look briefly at ProPetro Holding Corp (PUMP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 50.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.29%.
The stock’s 5-day moving average is $10.18, reflecting a -1.45% or -$0.15 change from its current price. PUMP is currently trading +5.15% above its 20-day SMA, +59.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.03% and SMA200 by+3.13%.
Stochastic %K and %D was 40.83% and 38.74% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 52.63%, while the 14-day stochastic is at 40.83% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ProPetro Holding Corp (NYSE: PUMP), The Benchmark Company upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for PUMP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PUMP as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.
What is PUMP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $16.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for ProPetro Holding Corp (PUMP) stock is $12.80.
