ProPetro stock: buy or sell?
May 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?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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, therefore 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?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we detected 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
ProPetro eased a horrible -2.83% and closed at $22.68.
Shares of ProPetro closed today at $22.68 and eased a horrible -2.83%. Since SMA100d and SMA200d crossed up on February, PUMP price climbed $3.99 per share (21.35%). Since price and SMA200d lines crossed up on February, PUMP climbed $6.34 (38.80%). On April 23rd, PUMP hit new all time highs, pushing higher previous ATH of $24.83 recorded on April/22. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting a dazzling 7.67% in a week last week, ProPetro closed this week at $22.68 and eased a rough -2.83%.
Having descending tops is not good news for traders invested in ProPetro. Although it's only a warning signal, investors should be on alert during next weeks to identify possible new signals. It's important PUMP stock price keeps the level, and maybe bounce up from there forming a double bottom configuration. Not so far away is the last price record ProPetro marked late April. Since mid February when SMA20w and SMA40w crossed up, PUMP price gained $4.52 per share (24.89%). Since price and SMA40w lines crossed up late January, PUMP climbed $7.23 (46.80%).
ProPetro stock price history
ProPetro IPO was on March 17th, 2017 at $15.00 per share1. Since then, PUMP stock surged a 51.20%, with a yearly average of 25.60%. If you had invested $1,000 in ProPetro stock in 2017, it would worth $512.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ProPetro stock historical price chart
PUMP stock reached all-time highs on April 23rd 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, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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 targets 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 presented its financial report, posting a good growth 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 sales skyrocketed a dazzling 124.22% to $983.71 M USD from $438.72 marked in 2016. Aligned with this, its profit margin (compared to revenues) 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 M USD. When comparing this TTM figures with the last reported annuality, we can esteem ProPetro business evolution since December 2017: Annual revenues up to December, compared to lastest yearly report, climbed a super good 73.28%. Regarding profit margin, ProPetro soared 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 posted $425.41 million in sales for 2018-Q4, a -1.99% decline compared to previous quarter. Reported quarter earnings marked $51.78 M 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 revenues to same quarter last year, ProPetro sales marked an amazing increase and rocketed 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 buy a company, it's always worth to review 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||$2.3 B|
|Total shares||100.4 M|
|Float shares||79.5 M|
|- Institutional holdings (%)||93.4%|
|- Insider holdings (%)||21.4%|
|Shares in short selling||0.0%|
|Monday, May 20th, 2019|
|Day range||$22.64 - $23.71|
|Average true range||$1.18|
|50d mov avg||$22.39|
|100d mov avg||$19.41|
|200d mov avg||$18.00|
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 to :