ProPetro stock: buy or sell?
June 26th, 2019
ProPetro Holding Corp. provides oilfield services. The company offers hydraulic fracturing and other complementary services, including cementing, acidizing, coiled tubing, flowback, and surface air drilling services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources in the Permian Basin.
Should I buy ProPetro stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, ProPetro stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ProPetro stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 9 ratings published for PUMP stock in the last 30 days. The general sentiment of these ratings is bullish for PUMP stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-16||Bank of America||Buy||Neutral|
|2019-3-29||Wells Fargo & Co||n/a||Outperform|
|2019-2-28||Credit Suisse Group||n/a||Buy|
ProPetro stock analysis
Shares of ProPetro closed today at $18.86 and escalated a great 2.22%.
Shares of ProPetro closed today at $18.86 and escalated a great 2.22%. On June/17 PUMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. PUMP is retaking the upward trend marking a new rising bottom heading to break out over $19.98. Since SMA100d and SMA200d crossed up on February, PUMP price climbed $0.17 per share (0.91%). On April, PUMP hit new all time highs, pushing higher previous ATH of $24.83 recorded on April. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting an exceptional 8.35% in a week last week, ProPetro closed this week at $18.86 and dropped an awful -2.73%. By mid June PUMP plunged a hair-raising -8.38% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $25.38 resistance. Not so far away is the last price record ProPetro marked late April, but since then it dropped a 25.69%. Since price and SMA40w lines crossed up last week, PUMP climbed $1.09 (6.13%). Since SMA20d and SMA40w crossed up by mid February, PUMP price climbed $0.70 per share (3.85%).
ProPetro stock price history
ProPetro IPO was on March 17th, 2017 at $15.00 per share1. Since then, PUMP stock grew a 25.70%, with an average of 12.90% per year. If you had invested $1,000 in ProPetro stock in 2017, it would worth $257.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ProPetro stock historical price chart
PUMP stock reached all-time highs on April with a price of $25.38.
ProPetro stock price target is $22.50Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 4 price forecasts for PUMP stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-2-28||Credit Suisse Group||Reiterates||n/a||$22.00||-|
|2019-1-23||Raymond James||Set Price Target||n/a||$24.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, ProPetro reported its latest financial data, posting a nice gain for the Earnings per Share (EPS) ratio. Analyst expected $0.53 per share, but ProPetro posted $0.59.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2017, ProPetro annual revenues boosted an amazing 124.22% to $983.71 million dollars from $438.72 marked in 2016. When comparing 2017 vs 2016, in line, profit margin (that is, the net income divided by revenues) climbed a 13.40% to 1.28%. ProPetro fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, ProPetro TTM sales up to December 2018 were $1,704.56 and income $173.86 M dollars. When comparing this TTM figures with the last reported annuality, we can review ProPetro business evolution since December 2017: Annual sales up to December, compared to lastest yearly report, rocketed an astounding 73.28%. Regarding profit margin, ProPetro rose 8.92% to 1.28%
|2015||$570 M||-||$-45.85 M-8.0%||-|
|2016||$439 M||-22.98%||$-53.15 M-12.1%||15.92%|
|2017||$984 M||124.22%||$13 M1.3%||-123.73%|
|TTM||$1,705 M||73.28%||$174 M10.2%||1,278.76%|
Quarterly financial resultsProPetro reported $425.41 M in sales for 2018-Q4, a -1.99% less compared to previous quarter. Reported quarter earnings marked $51.78 M with a profit margin of 12.17%. Profit margin grew a 1.51% compared to previous quarter when profit margin was 10.66%. When comparing sales to same quarter last year, ProPetro sales marked an outstanding growth and skyrocketed a 35.61%. Looking back to recent quarterly results, ProPetro posted 2 positive quarters in a row.
|2017-Q1||$172 M||-||$-24 M-14.2%||-|
|2017-Q2||$213 M||24.17%||$5 M2.3%||-120.21%|
|2017-Q3||$283 M||32.43%||$22 M7.8%||346.54%|
|2017-Q4||$314 M||10.96%||$10 M3.2%||-54.13%|
|2018-Q1||$385 M||22.79%||$37 M9.5%||264.24%|
|2018-Q2||$460 M||19.38%||$39 M8.5%||6.49%|
|2018-Q3||$434 M||-5.62%||$46 M10.7%||18.40%|
|2018-Q4||$425 M||-1.99%||$52 M12.2%||11.87%|
ProPetro ownershipWhen you are planning to invest in shares of a stock, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For ProPetro, 21.36% of all outstanding shares are owned by its staff.
Bearish positions for PUMP stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to ProPetro:
|Market cap||$1.9 B|
|Total shares||100.4 M|
|Float shares||82.0 M|
|- Institutional holdings (%)||93.4%|
|- Insider holdings (%)||21.4%|
|Shares in short selling||0.0%|
|Wednesday, June 26th, 2019|
|Day range||$18.72 - $19.39|
|Average true range||$0.89|
|50d mov avg||$20.90|
|100d mov avg||$20.60|
|200d mov avg||$18.38|
ProPetro performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare ProPetro performance to :