Last Updated: 13 Nov 2024
Executive Summary
ProPetro Holding Corp. (PUMP) is a leading provider of oilfield services in the United States. The company's services include drilling, completion, and production operations. ProPetro has a strong financial position with a market capitalization of $833.7 million and EBITDA of $277.3 million. The company's shares are currently trading at $8.03, which is below the analyst target price of $10.44.
Company Overview
ProPetro Holding Corp. was founded in 2008 and is headquartered in Midland, Texas. The company operates in the Permian Basin, Eagle Ford Shale, and Bakken Shale. ProPetro has a workforce of over 1,000 employees.
Fundamental Analysis
ProPetro's financial performance has been mixed in recent quarters. The company's revenue declined by 0.149% year-over-year in the latest quarter. However, the company's EBITDA increased by 11.5% year-over-year. ProPetro's profit margin is -0.0937, which is below the industry average. The company's return on assets is 0.026, which is also below the industry average.
Technical Analysis
ProPetro's stock price has been trading in a range between $6.54 and $10.02 over the past 52 weeks. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is 45.5, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
ProPetro's stock price is expected to remain range-bound in the short term. The company's financial performance is expected to improve in the coming quarters, which could lead to a higher stock price. However, the company's stock price is also likely to be affected by the overall market conditions.
Long Term Outlook
ProPetro's long-term outlook is positive. The company is well-positioned to benefit from the growing demand for oil and gas. The company's strong financial position and experienced management team should also help the company to continue to grow in the future.
Analyst Recommendations
The majority of analysts have a buy rating on ProPetro's stock. The average analyst target price is $10.44.
