Check Out ProPetro Holding Corp. (PUMP)’s Trade Data Rather Than the Analysts’ Views

ProPetro Holding Corp. (NYSE: PUMP) stock fell -1.28% on Tuesday to $9.28 against a previous-day closing price of $9.40. With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.18 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $9.52 whereas the lowest price it dropped to was $9.21. The 52-week range on PUMP shows that it touched its highest point at $16.92 and its lowest point at $7.25 during that stretch. It currently has a 1-year price target of $14.68. Beta for the stock currently stands at 2.42.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PUMP was down-trending over the past week, with a drop of -10.16%, but this was down by -7.57% over a month. Three-month performance dropped to -17.73% while six-month performance fell -2.83%. The stock lost -7.11% in the past year, while it has lost -10.51% so far this year. A look at the trailing 12-month EPS for PUMP yields -0.30 with Next year EPS estimates of 2.10. For the next quarter, that number is 0.34. This implies an EPS growth rate of 50.30% for this year and 96.54% for next year. EPS is expected to decline by -10.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.40%.

Float and Shares Shorts:

At present, 104.37 million PUMP shares are outstanding with a float of 96.89 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.89 million, which was 3.73% higher than short shares on Sep 14, 2022. In addition to Mr. Samuel D. Sledge as the firm’s CEO & Director, Mr. Adam Munoz serves as its Pres & COO.


Institutional Ownership:

Through their ownership of 83.71% of PUMP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.50% of PUMP, in contrast to 27.59% held by mutual funds. Shares owned by individuals account for 20.03%. As the largest shareholder in PUMP with 12.89% of the stake, BlackRock Fund Advisors holds 14,768,899 shares worth 14,768,899. A second-largest stockholder of PUMP, The Vanguard Group, Inc., holds 10,780,016 shares, controlling over 9.41% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in PUMP, holding 5,444,140 shares or 4.75% stake. With a 6.21% stake in PUMP, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,118,121 shares are owned by the mutual fund manager. The VanEck Oil Services ETF, which owns about 2.80% of PUMP stock, is the second-largest Mutual Fund holder. It holds 3,201,961 shares valued at 33.2 million. Vanguard Total Stock Market Index holds 2.69% of the stake in PUMP, owning 3,076,283 shares worth 31.9 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PUMP since 11 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PUMP analysts setting a high price target of $19.00 and a low target of $12.00, the average target price over the next 12 months is $14.68. Based on these targets, PUMP could surge 104.74% to reach the target high and rise by 29.31% to reach the target low. Reaching the average price target will result in a growth of 58.19% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PUMP will report FY 2022 earnings on 02/20/2024. Analysts have provided yearly estimates in a range of $1.05 being high and $0.58 being low. For PUMP, this leads to a yearly average estimate of $0.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. ProPetro Holding Corp. surprised analysts by -$0.19 when it reported $0.10 EPS against a consensus estimate of $0.29. The surprise factor in the prior quarter was -$0.51. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.20. The average estimate for the next quarter is thus $0.31.

Summary of Insider Activity:

Insiders traded PUMP stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 75,149 shares were bought while 95,435 shares were sold. The number of buy transactions has increased to 44 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 934,118 while 710,433 shares were sold.

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