ProPetro stock: buy or sell?
September 20th, 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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with ProPetro stock situation right now, hence this is not a suitable entry point.
|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 published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 15 ratings published for PUMP stock in the last month. The general sentiment of these ratings is bullish for PUMP stock, with 7 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-4||R. F. Lafferty||Buy||Hold|
|2019-9-3||Piper Jaffray Companies||Overweight||Neutral|
|2019-9-12||Wells Fargo & Co||n/a||Outperform|
|2019-8-9||Bank of America||n/a||Neutral|
|2019-8-9||Bank of America||n/a||Neutral|
|2019-8-28||Bank of America||n/a||Neutral|
|2019-8-12||Wells Fargo & Co||n/a||Outperform|
|2019-4-16||Bank of America||Buy||Neutral|
|2019-3-29||Wells Fargo & Co||n/a||Outperform|
ProPetro stock analysis
ProPetro shares plunged -4.06% to $9.45 today.
Shares of ProPetro plunged a spooky -4.06% and closed at $9.45. Since price and SMA200d lines crossed down on July, PUMP fell $-9.83 per share (-50.99%).
Shares of ProPetro plummed a chilling -10.93% this week.
Since mid July, when PUMP stock price broke down the 40-weeks moving avarage line, it slid $-9.83 per share (-50.99%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high ProPetro recorded late April and since then the price is -62.77% below that top.
ProPetro stock price history
ProPetro stock went public on March 17th, 2017 with a price of $15.001. Since then, PUMP stock sliced a -37.00%, with a yearly average of -18.50%.
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 $18.80Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' PUMP stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 11 price forecasts for ProPetro stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-4||R. F. Lafferty||Reiterates||$40.00||$18.00||-55%|
|2019-9-3||Piper Jaffray Companies||Downgrades||$32.50||$17.00||-47.7%|
|2019-9-12||Wells Fargo & Co||Lowers Target||$22.00||$15.00||-31.8%|
|2019-8-9||Bank of America||Reiterates||$22.00||$18.00||-18.2%|
|2019-8-9||Bank of America||Lowers Target||$22.00||$18.00||-18.2%|
|2019-8-28||Bank of America||Lowers Target||$18.00||$13.00||-27.8%|
|2019-8-12||Wells Fargo & Co||Lowers Target||$27.00||$22.00||-18.5%|
|2019-7-2||Raymond James||Set Price Target||n/a||$26.00||-|
|2019-7-2||Citigroup||Set Price Target||n/a||$25.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareProPetro presented nice results for 2018-Q4 on February. ProPetro jumped Earnings per Share (EPS) by 11.30%, beating experts consensus of $0.53. ProPetro posted $0.59.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2017, ProPetro annual turnover rocketed an exceptional 124.22% to $983.71 M USD from $438.72 marked in 2016. Aligned with this, its profit margin (compared to sales) boosted to 1.28%, that is $12.61 million. ProPetro presents anual results in December, and to evaluate 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 million 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, skyrocketed an amazing 73.28%. Likewise, profit margin (net income/sales) escalated at 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% decline compared to previous quarter. Reported quarter earnings marked $51.78 million with a profit margin of 12.17%. Profit margin inched a 1.51% compared to previous quarter when profit margin was 10.66%. When comparing turnover to same quarter last year, ProPetro sales marked a dazzling increase and climbed 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 a stock, it's worth to have a look its ownership structure.
ProPetro shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 21.36% of all shares.
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||$950.2 M|
|Total shares||100.6 M|
|Float shares||82.1 M|
|- Institutional holdings (%)||93.4%|
|- Insider holdings (%)||21.4%|
|Shares in short selling||0.0%|
|Friday, September 20th, 2019|
|Day range||$9.43 - $9.95|
|Average true range||$0.78|
|50d mov avg||$13.42|
|100d mov avg||$16.81|
|200d mov avg||$17.55|
ProPetro performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We compared ProPetro against in the following table: