ProPetro stock: buy or sell?

PUMP stock price: $18.86 2.22% At close on June 26th, 2019

Updated on:
June 26th, 2019

1

ProPetro shares escalated 2.22% to $18.86 today. On Thursday PUMP climbed an astounding 5.20%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is PUMP a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-4Raymond JamesStrong-BuyOutperform
2019-4-16Bank of AmericaBuyNeutral
2019-3-29Wells Fargo & Con/aOutperform
2019-2-28Credit Suisse Groupn/aBuy
2019-1-8Tudor PickeringHoldBuy
2019-1-7Johnson RiceHoldBuy
2019-1-23Raymond Jamesn/aBuy
2019-1-17CowenMarket PerformOutperform
2019-1-15BarclaysEqual WeightOverweight

ProPetro stock analysis

Daily outlook

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.

PUMP stock chart (daily)

Weekly outlook

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%).

PUMP stock chart (weekly)

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 $22.50

Nobody 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:
PUMP stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-2-28Credit Suisse GroupReiteratesn/a$22.00-
2019-1-23Raymond JamesSet Price Targetn/a$24.00-
2019-1-17CowenUpgrades$25.00$24.00-4%
2019-1-15BarclaysUpgradesn/a$20.00-
(in average)$25.00$22.50-10.0%
Moving in a range from $24.00 and $20.00, the price prediction for PUMP stock is $22.50. In average, analysts' outlook on PUMP price forecast is negative, downsizing the prediction by a -10.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
PUMP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.31n/a
2017-Q2-n/a0.17n/a
2017-Q3-n/a0.32n/a
2017-Q42018-03-260.390.12-69.2%
2018-Q12018-05-080.380.4210.5%
2018-Q22018-08-070.540.45-16.7%
2018-Q32018-11-060.540.53-1.9%
2018-Q42019-02-260.530.5911.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 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%

PUMP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2015$570 M-$-45.85 M-8.0%-
2016$439 M-22.98%$-53.15 M-12.1%15.92%
2017$984 M124.22%$13 M1.3%-123.73%
TTM $1,705 M73.28%$174 M10.2%1,278.76%

Quarterly financial results

ProPetro 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.
PUMP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$172 M-$-24 M-14.2%-
2017-Q2$213 M24.17%$5 M2.3%-120.21%
2017-Q3$283 M32.43%$22 M7.8%346.54%
2017-Q4$314 M10.96%$10 M3.2%-54.13%
2018-Q1$385 M22.79%$37 M9.5%264.24%
2018-Q2$460 M19.38%$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 ownership

When 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:

PUMP
Market cap$1.9 B
Total shares100.4 M
Float shares82.0 M
  - Institutional holdings (%)93.4%
  - Insider holdings (%)21.4%
Shares in short selling0.0%

ProPetro summary

Wednesday, June 26th, 2019
Open$18.76
Close$18.86
Day range$18.72 - $19.39
Previous close$18.45
Session gain2.22%
Average true range$0.89
50d mov avg$20.90
100d mov avg$20.60
200d mov avg$18.38
Daily patternlb02a
Weekly pattern lb02a

ProPetro performance

Performance 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 :
Stock3m6m12m
PUMPProPetro-16.33%54.59%20.28%

ProPetro competitors

Unfortunately, we could not find any public company that could be defined as ProPetro competitor. This doesn't mean ProPetro does not have any competitor in the market, it's just we could not detected it.