ProPetro Retained Earnings vs Capital Surpluse Analysis

PUMP Stock  USD 7.70  0.26  3.27%   
ProPetro Holding financial indicator trend analysis is much more than just breaking down ProPetro Holding Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProPetro Holding Corp is a good investment. Please check the relationship between ProPetro Holding Retained Earnings and its Capital Surpluse accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Retained Earnings vs Capital Surpluse

Retained Earnings vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ProPetro Holding Corp Retained Earnings account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.
The correlation between ProPetro Holding's Retained Earnings and Capital Surpluse is 0.81. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of ProPetro Holding Corp, assuming nothing else is changed. The correlation between historical values of ProPetro Holding's Retained Earnings and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of ProPetro Holding Corp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Retained Earnings i.e., ProPetro Holding's Retained Earnings and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Capital Surpluse

Most indicators from ProPetro Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProPetro Holding Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
As of 11/11/2024, Tax Provision is likely to grow to about 39.5 M, while Selling General Administrative is likely to drop slightly above 80.4 M.
 2023 2024 (projected)
Depreciation And Amortization180.9M119.6M
Interest Income6.4M10.1M

ProPetro Holding fundamental ratios Correlations

-0.710.40.790.980.830.970.990.76-0.710.90.750.490.99-0.4-0.86-0.830.540.840.350.960.87-0.84-0.530.960.06
-0.71-0.28-0.57-0.81-0.45-0.79-0.72-0.620.92-0.54-0.63-0.41-0.710.740.830.95-0.44-0.510.04-0.84-0.590.940.96-0.820.22
0.4-0.280.660.330.170.340.390.42-0.290.230.40.210.390.07-0.18-0.310.230.40.210.360.11-0.32-0.210.350.21
0.79-0.570.660.720.390.70.720.54-0.580.520.940.430.73-0.04-0.69-0.690.470.940.460.770.47-0.7-0.520.760.14
0.98-0.810.330.720.820.990.980.78-0.80.880.70.50.98-0.54-0.9-0.90.540.760.240.980.88-0.9-0.650.98-0.03
0.83-0.450.170.390.820.850.880.73-0.490.950.340.40.87-0.43-0.55-0.520.430.480.140.730.86-0.52-0.190.72-0.04
0.97-0.790.340.70.990.850.990.78-0.780.890.670.450.99-0.54-0.87-0.880.50.750.20.980.88-0.88-0.620.97-0.03
0.99-0.720.390.720.980.880.990.79-0.710.930.670.451.0-0.45-0.83-0.830.490.770.280.960.89-0.84-0.540.960.05
0.76-0.620.420.540.780.730.780.79-0.710.760.460.640.76-0.34-0.5-0.630.640.48-0.140.710.51-0.61-0.470.7-0.29
-0.710.92-0.29-0.58-0.8-0.49-0.78-0.71-0.71-0.52-0.64-0.72-0.690.710.790.87-0.74-0.490.22-0.79-0.520.820.86-0.790.48
0.9-0.540.230.520.880.950.890.930.76-0.520.470.380.92-0.35-0.67-0.630.420.60.30.810.9-0.67-0.320.810.14
0.75-0.630.40.940.70.340.670.670.46-0.640.470.450.68-0.15-0.72-0.720.50.920.40.750.46-0.71-0.610.73-0.02
0.49-0.410.210.430.50.40.450.450.64-0.720.380.450.43-0.28-0.43-0.381.00.32-0.30.40.24-0.32-0.340.44-0.6
0.99-0.710.390.730.980.870.991.00.76-0.690.920.680.43-0.45-0.84-0.830.470.790.330.960.9-0.84-0.520.960.08
-0.40.740.07-0.04-0.54-0.43-0.54-0.45-0.340.71-0.35-0.15-0.28-0.450.550.63-0.3-0.020.26-0.51-0.520.570.65-0.520.44
-0.860.83-0.18-0.69-0.9-0.55-0.87-0.83-0.50.79-0.67-0.72-0.43-0.840.550.93-0.48-0.74-0.32-0.92-0.820.930.76-0.94-0.05
-0.830.95-0.31-0.69-0.9-0.52-0.88-0.83-0.630.87-0.63-0.72-0.38-0.830.630.93-0.42-0.69-0.14-0.94-0.710.990.89-0.940.07
0.54-0.440.230.470.540.430.50.490.64-0.740.420.51.00.47-0.3-0.48-0.420.37-0.230.440.3-0.37-0.360.49-0.56
0.84-0.510.40.940.760.480.750.770.48-0.490.60.920.320.79-0.02-0.74-0.690.370.560.810.6-0.71-0.440.80.21
0.350.040.210.460.240.140.20.28-0.140.220.30.4-0.30.330.26-0.32-0.14-0.230.560.270.43-0.240.080.30.78
0.96-0.840.360.770.980.730.980.960.71-0.790.810.750.40.96-0.51-0.92-0.940.440.810.270.84-0.94-0.710.990.03
0.87-0.590.110.470.880.860.880.890.51-0.520.90.460.240.9-0.52-0.82-0.710.30.60.430.84-0.74-0.40.860.23
-0.840.94-0.32-0.7-0.9-0.52-0.88-0.84-0.610.82-0.67-0.71-0.32-0.840.570.930.99-0.37-0.71-0.24-0.94-0.740.88-0.94-0.06
-0.530.96-0.21-0.52-0.65-0.19-0.62-0.54-0.470.86-0.32-0.61-0.34-0.520.650.760.89-0.36-0.440.08-0.71-0.40.88-0.690.22
0.96-0.820.350.760.980.720.970.960.7-0.790.810.730.440.96-0.52-0.94-0.940.490.80.30.990.86-0.94-0.690.05
0.060.220.210.14-0.03-0.04-0.030.05-0.290.480.14-0.02-0.60.080.44-0.050.07-0.560.210.780.030.23-0.060.220.05
Click cells to compare fundamentals

ProPetro Holding Account Relationship Matchups

ProPetro Holding fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.1B1.1B1.3B1.5B1.1B
Short Long Term Debt Total167.4M799K466K33.2M148.6M82.0M
Other Current Liab3.2M24.7M20.8M39.0M56.4M41.0M
Total Current Liabilities233.0M104.2M173.8M284.2M271.1M236.3M
Total Stockholder Equity969.3M870.8M826.3M954.0M998.4M748.0M
Other Liab103.0M75.3M61.1M65.3M75.1M54.3M
Net Tangible Assets959.9M870.8M826.3M874.1M1.0B664.0M
Property Plant And Equipment Net1.0B881.2M808.9M925.9M1.1B818.5M
Net Debt18.4M(68.0M)(111.5M)(55.7M)115.2M121.0M
Retained Earnings142.6M35.6M(18.6M)(16.6M)69.0M72.5M
Accounts Payable193.1M79.2M152.6M234.3M161.4M178.8M
Cash149.0M68.8M111.9M88.9M33.4M31.7M
Non Current Assets Total1.1B883.0M810.2M1.0B1.2B846.2M
Non Currrent Assets Other2.6M(73.5M)(59.8M)(64.1M)2.1M2.2M
Other Assets2.6M2.5M1.3M1.2M1.0M2.1M
Long Term Debt57.2M70M130M30M45M83.3M
Cash And Short Term Investments149.0M68.8M111.9M99.1M41.1M39.0M
Net Receivables212.2M84.2M128.1M215.9M237.0M181.6M
Common Stock Shares Outstanding103.8M100.8M102.7M106.9M113.4M104.8M
Long Term Debt Total57.2M70M130M30M27M25.7M
Liabilities And Stockholders Equity1.4B1.1B1.1B1.3B1.5B1.1B
Non Current Liabilities Total233.8M75.8M61.1M97.6M210.8M114.9M
Capital Surpluse826.6M835.1M844.8M970.5M1.1B763.6M
Inventory2.4M2.7M3.9M5.0M17.7M18.6M
Other Current Assets1.1M782K297K38K15.0M15.7M
Other Stockholder Equity826.6M835.1M844.8M970.5M929.2M873.7M
Total Liab466.8M180.0M234.9M381.8M481.9M394.2M
Property Plant And Equipment Gross1.0B881.2M808.9M922.7M1.7B896.9M
Total Current Assets375.6M167.7M251.1M328.8M310.8M296.0M
Property Plant Equipment1.0B880.5M808.9M922.7M1.1B770.0M
Non Current Liabilities Other799K465K97K2.3M3.2M3.3M
Retained Earnings Total Equity142.6M35.6M(18.6M)(16.6M)(19.1M)(20.0M)

Pair Trading with ProPetro Holding

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProPetro Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProPetro Holding will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to ProPetro Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProPetro Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProPetro Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProPetro Holding Corp to buy it.
The correlation of ProPetro Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProPetro Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProPetro Holding Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProPetro Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for ProPetro Stock Analysis

When running ProPetro Holding's price analysis, check to measure ProPetro Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProPetro Holding is operating at the current time. Most of ProPetro Holding's value examination focuses on studying past and present price action to predict the probability of ProPetro Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProPetro Holding's price. Additionally, you may evaluate how the addition of ProPetro Holding to your portfolios can decrease your overall portfolio volatility.