The stock of ProPetro Holding Corp. (NYSE:PUMP) last traded at $9.46, down -10.67% from the previous session.
Data from the available sources indicates that ProPetro Holding Corp. (NYSE:PUMP) is covered by 10 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $9.00, we find $12.50. Given the previous closing price of $10.59, this indicates a potential upside of 18.04 percent. PUMP stock price is now 11.95% away from the 50-day moving average and 4.71% away from the 200-day moving average. The market capitalization of the company currently stands at $1.09B.
In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $12.40 as their price target over the next twelve months.
In other news, GOBE PHILLIP A, Director sold 35,000 shares of the company’s stock on Aug 01. The stock was sold for $364,700 at an average price of $10.42. Upon completion of the transaction, the Director now directly owns 223,629 shares in the company, valued at $2.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 19, Director GOBE PHILLIP A sold 20,000 shares of the business’s stock. A total of $200,000 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 258,629 shares of the company worth $2.45 million. Insiders disposed of 365,156 shares of company stock worth roughly $3.45 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PUMP stock. A new stake in ProPetro Holding Corp. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $8,022,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $5,052,000 in shares of PUMP during the first quarter. In the first quarter, VR ADVISORY SERVICES LTD acquired a new stake in ProPetro Holding Corp. valued at approximately $2,528,000. STANLEY-LAMAN GROUP, LTD. acquired a new stake in PUMP for approximately $2,391,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in PUMP valued at around $1,833,000 in the second quarter.
With an opening price of $10.45 on Wednesday morning, ProPetro Holding Corp. (NYSE: PUMP) set off the trading day. During the past 12 months, ProPetro Holding Corp. has had a low of $6.33 and a high of $12.58. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for PUMP is $8.49 and a two-hundred day moving average price translates $9.03 for the stock.
According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.25, missing analysts’ expectations of $0.46 by -0.21. This compares to $0.11 EPS in the same period last year. The net profit margin was 1.30% and return on equity was 2.10% for PUMP. The company reported revenue of $423.57 million for the quarter, compared to $282.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.84 percent. For the current quarter, analysts expect PUMP to generate $440.36M in revenue.
