Propetro Holding Cor

PUMP
Real-time BATS EXCHANGE - 06/20 12:19:12 pm
19.435USD
+4.73%

No turn-around in sight

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David Meurisse
Contributor / Partner

Strategy published on : 06/10/2019 | 09:06

long trade
Stop-loss triggered

Entry price : 19.24$
Target : 24.6$
Stop-loss : 17.7$
Potential : 27.86%

The underlying tendency is to the upside for shares in Propetro Holding Corp and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the $ 24.6.

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

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 17.2 support.

● The company returns high margins, thereby supporting business profitability.

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

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The tendency within the weekly time frame is positive above the technical support level at 16.79 USD

Zonebourse.com 2019
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