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Tuesday, September 26, 2023

Value Investing Philosophy And ProPetro Holding Corp. (NYSE: PUMP)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for ProPetro Holding Corp. (PUMP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -2.27%, to $9.91. The ProPetro Holding Corp. has recorded 56,224 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that ProPetro Reports Financial Results for the Second Quarter of 2023.

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Stocks Info

PUMP belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $10.14 and fluctuated between $10.28 as its day high and $9.93 as its day low. The current market capitalization of ProPetro Holding Corp. is $1.16B. A total of 3.19 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PUMP has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 81,467 shares. Over the last 12 months, there were 34 BUYs and 31 SELLs from insiders. Insiders purchased 682,461 shares during that period but sold 408,448.

In the most recent transaction, GOBE PHILLIP A sold 20,000 shares of PUMP for 10.01 per share on Sep 01. After the transaction, the Director now owns 203,629 company shares. In a previous transaction on Aug 15, Omavuezi Elo sold 5,000 shares at 10.05 per share. PUMP shares that Chief Accounting Officer owns now total 1,903.

Among the insiders who sold shares, Omavuezi Elo disposed of 4,182 shares on Aug 11 at a per-share price of $10.28. This resulted in the Chief Accounting Officer holding 6,903 shares of PUMP after the transaction. In another insider transaction, Munoz Adam sold 21,467 shares at $10.09 per share on Aug 08. Company shares held by the President and COO now total 48,287.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PUMP in the last 3 months, the mean price target is $12.60 with high estimates of $16.00 and low estimates of $10.00. In terms of 52-week highs and lows, PUMP has a high of $12.58 and a low of $6.33.

As of this writing, PUMP has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.23. The company reported an EPS of $0.25 in the last quarter, which was -45.70% lower than expectations of $0.46.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $8.79, while its Total Shareholder’s Equity was $826.30M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.14.

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