ProPetro Holding Corp. [PUMP] Stock trading around $5.48 per share: What’s Next?

ProPetro Holding Corp. [NYSE: PUMP] gained 10.48% or 0.52 points to close at $5.48 with a heavy trading volume of 2557590 shares. The company report on November 3, 2020 that ProPetro Holding Corp. to Host Earnings Call.

ProPetro Holding Corp. (NYSE:PUMP) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 3, 2020 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/70663.

It opened the trading session at $5.27, the shares rose to $5.49 and dropped to $5.19, the range by which the price of stock traded the whole day. The daily chart for PUMP points out that the company has recorded 17.85% gains over the past six months. However, it is still -302.94% lower than its most recent low trading price.

If we look at the average trading volume of 1.34M shares, PUMP reached to a volume of 2557590 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ProPetro Holding Corp. [PUMP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PUMP shares is $6.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PUMP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for ProPetro Holding Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 15, 2020. The new note on the price target was released on March 19, 2020, representing the official price target for ProPetro Holding Corp. stock.

The Average True Range (ATR) for ProPetro Holding Corp. is set at 0.35, with the Price to Sales ratio for PUMP stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for PUMP in the course of the last twelve months was 7.58 with Quick ratio for the last quarter at 1.60.

Trading performance analysis for PUMP stock

ProPetro Holding Corp. [PUMP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.69. With this latest performance, PUMP shares gained by 28.34% in over the last four-week period, additionally plugging by 17.85% over the last 6 months – not to mention a drop of -34.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PUMP stock in for the last two-week period is set at 68.62, with the RSI for the last a single of trading hit 76.70, and the three-weeks RSI is set at 63.13 for ProPetro Holding Corp. [PUMP]. The present Moving Average for the last 50 days of trading for this stock 4.44, while it was recorded at 5.00 for the last single week of trading, and 5.22 for the last 200 days.

ProPetro Holding Corp. [PUMP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ProPetro Holding Corp. [PUMP] shares currently have an operating margin of +16.16 and a Gross Margin at +21.28. ProPetro Holding Corp.’s Net Margin is presently recorded at +7.94.

Return on Total Capital for PUMP is now 33.65, given the latest momentum, and Return on Invested Capital for the company is 16.57. Return on Equity for this stock inclined to 18.45, with Return on Assets sitting at 12.03. When it comes to the capital structure of this company, ProPetro Holding Corp. [PUMP] has a Total Debt to Total Equity ratio set at 13.82. Additionally, PUMP Total Debt to Total Capital is recorded at 12.14, with Total Debt to Total Assets ending up at 9.33. Long-Term Debt to Equity for the company is recorded at 13.49, with the Long-Term Debt to Total Capital now at 11.86.

Reflecting on the efficiency of the workforce at the company, ProPetro Holding Corp. [PUMP] managed to generate an average of $74,095 per employee. Receivables Turnover for the company is 9.89 with a Total Asset Turnover recorded at a value of 1.51.ProPetro Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

ProPetro Holding Corp. [PUMP]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, ProPetro Holding Corp. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -31.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PUMP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ProPetro Holding Corp. go to -10.90%.

An analysis of insider ownership at ProPetro Holding Corp. [PUMP]

There are presently around $438 million, or 80.40% of PUMP stock, in the hands of institutional investors. The top three institutional holders of PUMP stocks are: BLACKROCK INC. with ownership of 11,992,680, which is approximately -6.04% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 10,097,577 shares of the stock with an approximate value of $55.34 million in PUMP stocks shares; and CITIGROUP INC, currently with $37.57 million in PUMP stock with ownership of nearly 31.012% of the company’s market capitalization.

Positions in ProPetro Holding Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 82 institutional holders increased their position in ProPetro Holding Corp. [NYSE:PUMP] by around 9,577,587 shares. Additionally, 92 investors decreased positions by around 7,496,605 shares, while 32 investors held positions by with 62,871,984 shares. The mentioned changes placed institutional holdings at 79,946,176 shares, according to the latest SEC report filing. PUMP stock had 30 new institutional investments in for a total of 1,141,605 shares, while 22 institutional investors sold positions of 1,058,399 shares during the same period.

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