ProPetro Holding Corp [PUMP] stock is trading at $8.93, up 6.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PUMP shares have gain 4.08% over the last week, with a monthly amount drifted -2.93%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ProPetro Holding Corp [NYSE: PUMP] stock has seen the most recent analyst activity on January 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, The Benchmark Company upgraded its rating to Buy on July 19, 2023. On January 19, 2023, The Benchmark Company initiated with a Hold rating. Citigroup downgraded its rating to a Neutral but stick to its price target of $12 on January 17, 2023. Barclays upgraded its rating to a Overweight but $14 remained the price target by the analyst firm on January 10, 2023. JP Morgan downgraded its rating to Underweight for this stock on May 26, 2022, and downed its price target to $14. In a note dated May 05, 2022, Tudor Pickering Holt & Co. upgraded an Buy rating on this stock.
ProPetro Holding Corp [PUMP] stock has fluctuated between $6.99 and $11.37 over the past year. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. ProPetro Holding Corp [NYSE: PUMP] shares were valued at $8.93 at the most recent close of the market. An investor can expect a potential return of 87.57% based on the average PUMP price forecast.
Analyzing the PUMP fundamentals
ProPetro Holding Corp [NYSE:PUMP] reported sales of 1.61B for the trailing twelve months, which represents a drop of -4.19%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.46 points at the first support level, and at 8.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.76, and for the 2nd resistance point, it is at 8.86.
Ratios To Look Out For
For context, ProPetro Holding Corp’s Current Ratio is 1.18. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 0.96 and price to earnings (TTM) ratio is 13.17.
Transactions by insiders
Recent insider trading involved Vion Michele, Director, that happened on Jun 12 ’24 when 7778.0 shares were sold. President and COO, Munoz Adam completed a deal on May 03 ’24 to sell 42573.0 shares. Meanwhile, Director Vion Michele sold 14426.0 shares on Nov 03 ’23.
