The Vanguard Group, Inc. has recently announced that it has increased stake in ProPetro Holding Corp. (NYSE:PUMP) by 2.20%. After grabbing 12.11 million shares, the institutional investor is now in possession of 0.26 million shares of the Energy Company. The new investment brought the stake of investor firm to 10.51% having worth around $84.03 million. Moreover, Dimensional Fund Advisors LP increased its share by 1.38 million to have a control over 6.75 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.29 million shares by acquiring 4.58 million shares or 3.98% of the stake.
ProPetro Holding Corp. (PUMP) concluded trading on 05/25/23 at a closing price of $7.28, with 0.92 million shares of worth about $6.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.00% during that period and on Thursday the price saw a loss of about -4.59%. Currently the company’s common shares owned by public are about 114.88M shares, out of which, 96.89M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the PUMP stock and their offered price forecasts bring an average price target of $12.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $9.00. The stock’s current price level is 42.27% above of average price target set by the analysts, while a rise to estimated low would result in gain of 19.11% for the stock. However, touching the estimated high of $17.00 would mean a gain of 57.18% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 759,090 shares in 31 of the transactions. In 33 selling transactions, insiders dumped 498,243 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in ProPetro Holding Corp. iShares Core S&P Small Cap ETF is currently holding 6.96 million shares of worth totaling $48.33 million. The company recently came selling 11169.0 shares which brought its stake up to 6.05% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after selling 2.55 million shares, have now control over 2.22% of the stake in the company. It holds 624.0 shares of worth $17.71 million.
ProPetro Holding Corp. (NYSE: PUMP) started trading at $7.44, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 7.53, or with a loss of -4.59%. Stock saw a price change of -0.82% in past 5 days and over the past one month there was a price change of 7.06%. Year-to-date (YTD), PUMP shares are showing a performance of -29.80% which decreased to -42.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.33 but also hit the highest price of $14.34 during that period. The average intraday trading volume for ProPetro Holding Corp. shares is 1.60 million. The stock is currently trading 4.79% above its 20-day simple moving average (SMA20), while that difference is up 1.52% for SMA50 and it goes to -20.16% lower than SMA200.
The Vanguard Group, Inc. acquired 12.11 million shares of ProPetro Holding Corp. having value of about $84.03 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.26 million shares in the company valued at close to $1895843.04, or have control over 2.20% stake in the company. ProPetro Holding Corp. (NYSE: PUMP) currently have 114.88M outstanding shares and institutions hold larger chunk of about 81.10% of that. Holding of mutual funds in the company is about 31.58% while other institutional holders and individual stake holders have control over 48.55% and 19.67% of the stake respectively.
The stock has a current market capitalization of $833.20M and its 3Y-monthly beta is at 2.35. PE ratio of stock for trailing 12 months is 51.27, while it has posted earnings per share of $0.14 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PUMP, volatility over the week remained 3.77% while standing at 5.09% over the month.
Analysts are in expectations that ProPetro Holding Corp. (PUMP) stock would likely to be making an EPS of $0.45 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $1.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.36 which is $0.67 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 103.60% while it is estimated to increase by 9.20% in next year. EPS is likely to grow at an annualized rate of -10.90% for next 5-years, compared to annual growth of -30.30% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the ProPetro Holding Corp. (PUMP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 11 Wall Street analysts, 3 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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