Some Investing Thoughts On ProPetro Holding Corp (NYSE: PUMP)

ProPetro Holding Corp (PUMP) concluded trading on Wednesday at a closing price of $8.93, with 5.56 million shares of worth about $49.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.46% during that period and on May 01, 2024 the price saw a gain of about 2.41%. Currently the company’s common shares owned by public are about 109.48M shares, out of which, 89.80M shares are available for trading.

Stock saw a price change of 3.12% in past 5 days and over the past one month there was a price change of 12.05%. Year-to-date (YTD), PUMP shares are showing a performance of 6.56% which increased to 24.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.33 but also hit the highest price of $11.37 during that period. The average intraday trading volume for ProPetro Holding Corp shares is 1.57 million. The stock is currently trading 4.49% above its 20-day simple moving average (SMA20), while that difference is up 12.08% for SMA50 and it goes to -0.85% lower than SMA200.

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ProPetro Holding Corp (NYSE: PUMP) currently have 109.48M outstanding shares and institutions hold larger chunk of about 85.24% of that.

The stock has a current market capitalization of $960.60M and its 3Y-monthly beta is at 2.10. PE ratio of stock for trailing 12 months is 12.00, while it has posted earnings per share of $0.74 in the same period. It has Quick Ratio of 1.08 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PUMP, volatility over the week remained 5.40% while standing at 4.30% over the month.

Analysts are in expectations that ProPetro Holding Corp (PUMP) stock would likely to be making an EPS of $0.05 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -33.80% while it is estimated to increase by 36.76% in next year. EPS is likely to grow at an annualized rate of -10.90% for next 5-years, compared to annual growth of -17.68% made by the stock over the past 5-years.

On January 19, 2023, The Benchmark Company Initiated their recommendations, while on January 17, 2023, Citigroup Downgrade their ratings for the stock with a price target of $12. Stock get an Overweight rating from Barclays on January 10, 2023.

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