ProPetro Holding Corp. (NYSE:PUMP) has a beta value of 3.34 and has seen 1,268,998 shares traded in the last trading session. The company, currently valued at $1.09 Billion, closed the last trade at $10.72 per share which meant it gained $1.09 on the day or 11.32% during that session. The PUMP stock price is -30.5% off its 52-week high price of $13.99 and 74.16% above the 52-week low of $2.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 932.05 Million shares traded. The 3-month trading volume is 1.11 Million shares.
The consensus among analysts is that ProPetro Holding Corp. (PUMP) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 6 out of 14 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.16.
ProPetro Holding Corp. (NYSE:PUMP) trade information
Sporting 11.32% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the PUMP stock price touched $10.75- or saw a rise of 0.28%. Year-to-date, ProPetro Holding Corp. shares have moved 45.06%, while the 5-day performance has seen it change 13.32%. Over the past 30 days, the shares of ProPetro Holding Corp. (NYSE:PUMP) have changed -3.68%. Short interest in the company has seen 1.41 Million shares shorted with days to cover at 1.27.
Wall Street analysts have a consensus price target for the stock at $12.06, which means that the shares’ value could jump 12.5% from current levels. The projected low price target is $8 while the price target rests at a high of $14. In that case, then, we find that the current price level is +30.6% off the targeted high while a plunge would see the stock lose -25.37% from current levels.
ProPetro Holding Corp. (PUMP) estimates and forecasts
Figures show that ProPetro Holding Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained +174.87% over the past 6 months, with this year growth rate of 23.91%, compared to 31.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -164% and 63.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +6.3%.
9 analysts offering their estimates for the company have set an average revenue estimate of $173.63 Million for the current quarter. 9 have an estimated revenue figure of $203.99 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $393.4 Million and $111.14 Million respectively for this quarter and the next, and analysts expect sales will grow by -55.9% for the current quarter and 83.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.2% over the past 5 years. Earnings growth for 2021 is a modest -167.6% while over the next 5 years, the company’s earnings are expected to increase by -10.9%.
ProPetro Holding Corp. (NYSE:PUMP)’s Major holders
Insiders own 28.57% of the company shares, while shares held by institutions stand at 72.41% with a share float percentage of 101.37%. Investors are also buoyed by the number of investors in a company, with ProPetro Holding Corp. having a total of 262 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 12.75 Million shares worth more than $94.2 Million. As of December 30, 2020, Blackrock Inc. held 12.49% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 8.33 Million shares as of December 30, 2020. The firm’s total holdings are worth over $61.55 Million and represent 8.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 5.34% shares in the company for having 5453145 shares of worth $58.13 Million while later fund manager owns 2.44 Million shares of worth $18.03 Million as of December 30, 2020, which makes it owner of about 2.39% of company’s outstanding stock.