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Saturday, June 3, 2023

Analysts Point To ProPetro Holding Corp. (NYSE: PUMP) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for ProPetro Holding Corp. (PUMP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $6.63. The ProPetro Holding Corp. has recorded 15,462 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ProPetro Reports Financial Results for the First Quarter of 2023.

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Stocks Info

As a NYSE listed company, PUMP falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $6.63 and fluctuated between $6.77 as its day high and $6.55 as its day low. The current market capitalization of ProPetro Holding Corp. is $763.97M. A total of 0.75 million shares were traded on the day, compared to an average of 1.66M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PUMP has seen 13 BUY and 11 SELL insider trades, representing the acquisition of 145,450 and the disposition of 52,362 shares. Over the last 12 months, there were 31 BUYs and 36 SELLs from insiders. Insiders purchased 759,090 shares during that period but sold 551,714.

In the most recent transaction, SCHORLEMER DAVID SCOTT bought 1,500 shares of PUMP for 8.96 per share on Mar 01. After the transaction, the Chief Financial Officer now owns 65,778 company shares. In a previous transaction on Feb 24, SCHORLEMER DAVID SCOTT bought 2,500 shares at 8.44 per share. PUMP shares that Chief Financial Officer owns now total 64,278.

Among the insiders who sold shares, GOBE PHILLIP A disposed of 65,860 shares on Nov 15 at a per-share price of $11.36. This resulted in the Director holding 116,251 shares of PUMP after the transaction. In another insider transaction, GOBE PHILLIP A sold 22,000 shares at $10.00 per share on Oct 06. Company shares held by the Director now total 182,111.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PUMP in the last 3 months, the mean price target is $12.25 with high estimates of $17.00 and low estimates of $9.00. In terms of 52-week highs and lows, PUMP has a high of $14.34 and a low of $6.33.

As of this writing, PUMP has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.36. The company reported an EPS of $0.12 in the last quarter, which was -63.60% lower than expectations of $0.33.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PUMP’s latest balance sheet shows that the firm has $111.92M in Cash & Short Term Investments as of fiscal 2021. There were $466.00k in debt and $173.78M in liabilities at the time. Its Book Value Per Share was $8.56, while its Total Shareholder’s Equity was $826.30M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PUMP is Buy with a score of 3.80.

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