ProPetro Holding Corp. [PUMP] is 53.86% higher this YTD. Is it still time to buy?

ProPetro Holding Corp. [NYSE: PUMP] surged by $0.87 during the normal trading session on Wednesday and reaching a high of $11.46 during the day while it closed the day at $11.37. The company report on May 5, 2021 that ProPetro Holding Corp. to Host Earnings Call.

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ProPetro Holding Corp. (NYSE:PUMP) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 5, 2021 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/77681.

ProPetro Holding Corp. stock has also gained 20.44% of its value over the past 7 days. However, PUMP stock has declined by -1.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 97.05% and gained 53.86% year-on date.

The market cap for PUMP stock reached $1.17 billion, with 101.55 million shares outstanding and 74.99 million shares in the current float. Compared to the average trading volume of 979.74K shares, PUMP reached a trading volume of 2019051 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $11.82 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.

Wolfe Research have made an estimate for ProPetro Holding Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 11, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $6 to $9. The new note on the price target was released on December 15, 2020, representing the official price target for ProPetro Holding Corp. stock. Previously, the target price had yet another raise to $8.50, while Cowen analysts kept a Outperform rating on PUMP stock.

The Average True Range (ATR) for ProPetro Holding Corp. is set at 0.62, with the Price to Sales ratio for PUMP stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.54. Price to Free Cash Flow for PUMP in the course of the last twelve months was 62.78 with Quick ratio for the last quarter at 1.40.

PUMP stock trade performance evaluation

ProPetro Holding Corp. [PUMP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.44. With this latest performance, PUMP shares gained by 6.06% in over the last four-week period, additionally plugging by 97.05% over the last 6 months – not to mention a rise of 135.89% 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 61.93, with the RSI for the last a single of trading hit 68.59, and the three-weeks RSI is set at 58.25 for ProPetro Holding Corp. [PUMP]. The present Moving Average for the last 50 days of trading for this stock 10.27, while it was recorded at 10.30 for the last single week of trading, and 7.86 for the last 200 days.

ProPetro Holding Corp. [PUMP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ProPetro Holding Corp. [PUMP] shares currently have an operating margin of -4.45 and a Gross Margin at +6.55. ProPetro Holding Corp.’s Net Margin is presently recorded at -13.56.

Return on Total Capital for PUMP is now -3.56, given the latest momentum, and Return on Invested Capital for the company is -10.86. Return on Equity for this stock declined to -11.63, with Return on Assets sitting at -8.61. When it comes to the capital structure of this company, ProPetro Holding Corp. [PUMP] has a Total Debt to Total Equity ratio set at 0.09. Additionally, PUMP Total Debt to Total Capital is recorded at 0.09, with Total Debt to Total Assets ending up at 0.08. Long-Term Debt to Equity for the company is recorded at 0.05, with the Long-Term Debt to Total Capital now at 0.05.

Reflecting on the efficiency of the workforce at the company, ProPetro Holding Corp. [PUMP] managed to generate an average of -$97,291 per employee. Receivables Turnover for the company is 5.32 with a Total Asset Turnover recorded at a value of 0.63.ProPetro Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for ProPetro Holding Corp. [PUMP] stock

With the latest financial reports released by the company, ProPetro Holding Corp. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.00%. 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%.

ProPetro Holding Corp. [PUMP]: Insider Ownership positions

There are presently around $855 million, or 75.80% of PUMP stock, in the hands of institutional investors. The top three institutional holders of PUMP stocks are: BLACKROCK INC. with ownership of 13,892,797, which is approximately 8.99% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 8,892,274 shares of the stock with an approximate value of $101.11 million in PUMP stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $50.43 million in PUMP stock with ownership of nearly 13.355% of the company’s market capitalization.

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Positions in ProPetro Holding Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 74 institutional holders increased their position in ProPetro Holding Corp. [NYSE:PUMP] by around 12,163,828 shares. Additionally, 98 investors decreased positions by around 9,135,211 shares, while 34 investors held positions by with 53,858,833 shares. The mentioned changes placed institutional holdings at 75,157,872 shares, according to the latest SEC report filing. PUMP stock had 23 new institutional investments in for a total of 5,368,587 shares, while 22 institutional investors sold positions of 2,428,722 shares during the same period.

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