ProPetro Holding Corp (NYSE: PUMP) is -6.80% lower on its value in year-to-date trading and has touched a low of $6.53 and a high of $10.02 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 $7.77 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $7.81, the stock is 2.55% and -0.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 0.51% at the moment leaves the stock -5.27% off its SMA200. PUMP registered -16.38% loss for a year compared to 6-month loss of -18.05%. The firm has a 50-day simple moving average (SMA 50) of $7.814 and a 200-day simple moving average (SMA200) of $8.245.
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The stock witnessed a 1.83% gain in the last 1 month and extending the period to 3 months gives it a -0.76%, and is -0.64% 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 3.88% over the week and 4.82% over the month.
ProPetro Holding Corp (PUMP) has around 2070 employees, a market worth around $803.88M and $1.47B in sales. Fwd P/E is 19.50. Profit margin for the company is -9.37%. Distance from 52-week low is 19.51% and -22.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.48%).
The EPS is expected to shrink by -247.37% this year
295.0 institutions hold shares in ProPetro Holding Corp (PUMP), with institutional investors hold 113.82% of the company’s shares. The shares outstanding are 109.48M, and float is at 78.94M with Short Float at 11.68%. Institutions hold 87.11% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.84 million shares valued at $154.71 million. The investor’s holdings represent 16.4398 of the PUMP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.22 million shares valued at $97.26 million to account for 10.335 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.1 million shares representing 6.537 and valued at over $61.51 million, while STATE STREET CORP holds 3.5846 of the shares totaling 3.89 million with a market value of $33.73 million.
ProPetro Holding Corp (PUMP) Insider Activity
The most recent transaction is an insider purchase by SCHORLEMER DAVID SCOTT, the company’s Chief Financial Officer. SEC filings show that SCHORLEMER DAVID SCOTT bought 4,500 shares of the company’s common stock on Nov 04 ’24 at a price of $6.86 per share for a total of $30870.0. Following the purchase, the insider now owns 0.11 million shares.
ProPetro Holding Corp disclosed in a document filed with the SEC on Aug 26 ’24 that Vion Michele (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $8.26 per share for $41300.0. Following the transaction, the insider now directly holds 34006.0 shares of the PUMP stock.
Still, SEC filings show that on Aug 26 ’24, Vion Michele (Director) Proposed Sale 5,000 shares at an average price of $8.26 for $41275.0. The insider now directly holds shares of ProPetro Holding Corp (PUMP).
