Propetro Holding Intrinsic Value Calculator – PROPETRO HOLDING Reports Earnings Results for Fiscal Year 2023 Second Quarter Ending June 30, 2023
August 26, 2023
🌥️Earnings Overview
On August 3, 2023, PROPETRO HOLDING ($NYSE:PUMP) reported their fiscal year 2023 second quarter earnings results ending June 30, 2023. Compared to the same period in the previous year, total revenue increased by a remarkable 38.1%, coming to USD 435.2 million, and the net income rose from negative 32.9 million to USD 39.3 million.
Market Price
On Thursday, PROPETRO HOLDING shares opened the trading day at $9.4 and closed at $9.8, reflecting a 3.3% increase from the previous closing price of $9.5. The company attributed this reduction to its ongoing cost cutting initiatives, as well as improved efficiencies within its operations. Overall, PROPETRO HOLDING reported strong figures for the quarter in terms of both revenues and net income. The company is confident that these results will continue for the remainder of the fiscal year, given its focus on cost containment and efficiency initiatives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Propetro Holding. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 91.06 | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Propetro Holding. More…
| Operations | Investing | Financing |
| 384.13 | -429.91 | 38.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Propetro Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 425.02 | 8.93 |
Key Ratios Snapshot
Some of the financial key ratios for Propetro Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | 16.6% | 8.0% |
| FCF Margin | ROE | ROA |
| -1.0% | 7.8% | 5.4% |
Analysis – Propetro Holding Intrinsic Value Calculator
GoodWhale conducted an analysis of PROPETRO HOLDING‘s wellbeing to provide investors with insights on their potential returns. Our proprietary Valuation Line indicated that the fair value of PROPETRO HOLDING share is around $13.6. We observed that the current stock price for PROPETRO HOLDING is $9.8, representing a 28.1% discount from our estimated fair value. This suggests that now may be an opportune time to invest in PROPETRO HOLDING. More…
Peers
The oil and gas industry is a highly competitive marketplace. All of these companies are vying for a piece of the pie in terms of market share and revenues. ProPetro has been able to differentiate itself from the competition by offering a unique suite of services and products that have helped it to gain an edge.
– NCS Multistage Holdings Inc ($NASDAQ:NCSM)
NCS Multistage Holdings Inc a provider of engineered products and services for oil and gas well completions and interventions. The company operates in two segments, Completion Services and Products, and Well Support Services.
NCS Multistage has a market cap of $68.18M as of 2022 and a ROE of -1.49%. The company provides engineered products and services for oil and gas well completions and interventions.
– APA Corp ($NASDAQ:APA)
Daiwa House Industry Co., Ltd. is a homebuilding company in Japan. The Company is engaged in the construction of detached houses, apartments, condominiums, commercial facilities and other buildings, as well as the development of housing sites and the provision of housing-related services. As of March 31, 2014, the Company had 104 consolidated subsidiaries and four associated companies. The Company operates in three business segments. The Housing segment is engaged in the construction of detached houses, apartments and condominiums, as well as the development of housing sites. The Building segment is engaged in the construction of commercial facilities and other buildings. The Others segment is engaged in the provision of housing-related services, such as housing loans, real estate brokerage services and the sale of building materials.
– Brinx Resources Ltd ($OTCPK:BNXR)
Brinx Resources Ltd is a Canadian oil and gas company with a market cap of 676.09k as of 2022. The company has a Return on Equity of -111.9%. Brinx Resources Ltd is engaged in the exploration, development and production of oil and gas properties in Canada.
Summary
Investors are pleased with PROPETRO HOLDING‘s performance in the second quarter of fiscal year 2023, as the company reported a total revenue of USD 435.2 million, a 38.1% increase over the same period last year, and a net income of USD 39.3 million, significantly higher than the negative 32.9 million reported in the previous year. Additionally, PROPETRO HOLDING’s stock price rose on the news, providing an additional boost for investors. Overall, the company’s strong financials suggest that its potential for further growth is promising.
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