ProPetro Holding Corp (NYSE: PUMP) has experienced a decline in its stock price by -1.35 compared to its previous closing price of 9.60. However, the company has seen a gain of 8.60% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
Is It Worth Investing in ProPetro Holding Corp (NYSE: PUMP) Right Now?
The price-to-earnings ratio for ProPetro Holding Corp (NYSE: PUMP) is above average at 13.97x. The 36-month beta value for PUMP is also noteworthy at 2.11. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for PUMP is 89.36M, and at present, short sellers hold a 4.29% of that float. The average trading volume of PUMP on May 08, 2024 was 1.68M shares.
PUMP’s Market Performance
PUMP stock saw an increase of 8.60% in the past week, with a monthly gain of 13.28% and a quarterly increase of 19.42%. The volatility ratio for the week is 5.12%, and the volatility levels for the last 30 days are 4.12% for ProPetro Holding Corp (PUMP). The simple moving average for the last 20 days is 8.90% for PUMP’s stock, with a simple moving average of 5.27% for the last 200 days.
PUMP Trading at 17.07% from the 50-Day Moving Average
After a stumble in the market that brought PUMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.71% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares surge +12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.97% upper at present.
During the last 5 trading sessions, PUMP rose by +8.60%, which changed the moving average for the period of 200-days by -3.76% in comparison to the 20-day moving average, which settled at $8.75. In addition, ProPetro Holding Corp saw 13.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PUMP starting from Munoz Adam, who sale 42,573 shares at the price of $9.28 back on May 03 ’24. After this action, Munoz Adam now owns 58,134 shares of ProPetro Holding Corp, valued at $395,077 using the latest closing price.
Vion Michele, the Director of ProPetro Holding Corp, sale 14,426 shares at $10.48 during a trade that took place back on Nov 03 ’23, which means that Vion Michele is holding 25,668 shares at $151,184 based on the most recent closing price.
Stock Fundamentals for PUMP
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.16 for the gross margin
The net margin for ProPetro Holding Corp stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 7.76, with 5.25 for asset returns.
Based on ProPetro Holding Corp (PUMP), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 4.23. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 19.57.
Currently, EBITDA for the company is 384.24 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 5.89for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In summary, ProPetro Holding Corp (PUMP) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
