Propetro Holding Cor
PUMP
Real-time BATS EXCHANGE - 04/23 10:00:00 pm
19.07USD
+1.62%

Attractive price levels

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David Meurisse
Contributor / Partner

Strategy published on : 04/11/2018 | 16:09

long trade
Live

Entry price : 17.35$
Target : 21.4$
Stop-loss : 14.4$
Potential : 23.34%

After several weeks of decline, shares in Propetro Holding Corp are approaching an important technical support area around 14.66 USD on the weekly chart. These levels represent attractive entry points.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The prospective high growth for the next fiscal years is among the main assets of the company

● The group's high margin levels account for strong profits.

● The company is in a robust financial situation considering its net cash and margin position.

● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.8 for the 2018 fiscal year.

● Its low valuation, with P/E ratio at 8.46 and 6.91 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The tendency within the weekly time frame is positive above the technical support level at 14.66 USD


Weaknesses

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Zonebourse.com 2018
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