ProPetro Holding Corp (PUMP) Volatility At 3.40%, Should You Add A Position?

ProPetro Holding Corp (NYSE: PUMP) is -5.49% lower on its value in year-to-date trading and has touched a low of $6.33 and a high of $11.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PUMP stock was last observed hovering at around $7.80 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $7.92, the stock is -0.82% and -4.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.54% at the moment leaves the stock -10.94% off its SMA200. PUMP registered -20.48% loss for a year compared to 6-month loss of -23.03%. The firm has a 50-day simple moving average (SMA 50) of $0.55 and a 200-day simple moving average (SMA200) of $2.80.

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The stock witnessed a -0.50% gain in the last 1 month and extending the period to 3 months gives it a -13.82%, and is -4.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.40% over the week and 3.56% over the month.

ProPetro Holding Corp (PUMP) has around 2000 employees, a market worth around $873.10M and $1.63B in sales. Current P/E ratio is 7.80 and Fwd P/E is 10.14. Profit margin for the company is 7.10%. Distance from 52-week low is 25.12% and -30.34% from its 52-week high. The company has generated returns on investments over the last 12 months (10.48%).

ProPetro Holding Corp quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $361.11M over the same period.The EPS is expected to grow by 5028.57% this year, but quarterly earnings will post 28.20% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.

307 institutions hold shares in ProPetro Holding Corp (PUMP), with institutional investors hold 116.47% of the company’s shares. The shares outstanding are 114.52M, and float is at 77.65M with Short Float at 6.41%. Institutions hold 97.91% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 19.89 million shares valued at $163.86 million. The investor’s holdings represent 17.63% of the PUMP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.07 million shares valued at $99.44 million to account for 10.70% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.66 million shares representing 5.90% and valued at over $54.87 million, while State Street Corporation holds 3.81% of the shares totaling 4.29 million with a market value of $35.39 million.

ProPetro Holding Corp (PUMP) Insider Activity

A total of 12 insider transactions have happened at ProPetro Holding Corp (PUMP) in the last six months, with sales accounting for 9 and purchases happening 3 times. The most recent transaction is an insider sale by Vion Michele, the company’s Director. SEC filings show that Vion Michele sold 14,426 shares of the company’s common stock on Nov 03 at a price of $10.48 per share for a total of $0.15 million. Following the sale, the insider now owns 25668.0 shares.

ProPetro Holding Corp disclosed in a document filed with the SEC on Sep 18 that GOBE PHILLIP A (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Sep 18 and was made at $11.00 per share for $0.22 million. Following the transaction, the insider now directly holds 0.17 million shares of the PUMP stock.

Still, SEC filings show that on Sep 12, GOBE PHILLIP A (Director) disposed off 15,000 shares at an average price of $10.50 for $0.16 million. The insider now directly holds 188,629 shares of ProPetro Holding Corp (PUMP).

ProPetro Holding Corp (PUMP): Who are the competitors?

One of the company’s main competitors (and peers) include Halliburton Co. (HAL) that is trading -10.23% down over the past 12 months.Patterson-UTI Energy Inc. (PTEN) lies in the list of competitors of the ProPetro Holding Corp and is -29.42% lower over the same period from PUMPLiberty Energy Inc. (LBRT) is 24.98% up on the 1-year trading charts.