Anthony Best - ProPetro Holding Lead Independent Director
| PUMP Stock | USD 8.22 0.41 5.25% |
Director
Mr. Anthony J. Best is Independent Director of the Company. Mr. Best has over 35 years of experience in the energy industry, and has served as a Senior Advisor for Quantum Energy Partners since August 2015. Prior to joining Quantum, Mr. Best served in various roles with SM Energy Company, commencing in 2006 as its President and Chief Operating Officer, and as its Chief Executive Officer from February 2007 through January 2015. From 2003 to 2005, Mr. Best served as President and Chief Executive Officer of Pure Resources, Inc., a Unocal development and exploration company. From 2000 to 2003, Mr. Best served as an independent consultant offering leadership and oil and gas consultation to energy companies and volunteer organizations, and from 1979 through 2000, Mr. Best served in various roles of increasing responsibility at Atlantic Richfield Company, culminating in the position of President, ARCO Latin America. Mr. Best holds a MS in Engineering Management from the University of Alaska, and a BS in Mechanical Engineering from Texas AM University. Prior to beginning his business career, Mr. Best served five years as an engineering officer in the United States Air Force. Mr. Best currently serves as a director of ExL Petroleum LP, Middle Fork Energy Partners and Newpark Resources. since 2019.
| Age | 71 |
| Tenure | 5 years |
| Address | 303 West Wall Street, Midland, TX, United States, 79701 |
| Phone | 432 688 0012 |
| Web | https://www.propetroservices.com |
ProPetro Holding Management Efficiency
The company has return on total asset (ROA) of 0.026 % which means that it generated a profit of $0.026 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1483) %, meaning that it created substantial loss on money invested by shareholders. ProPetro Holding's management efficiency ratios could be used to measure how well ProPetro Holding manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/22/2024, Return On Tangible Assets is likely to grow to 0.06. Also, Return On Capital Employed is likely to grow to 0.11. At this time, ProPetro Holding's Non Current Liabilities Other is relatively stable compared to the past year. As of 11/22/2024, Change To Liabilities is likely to grow to about 25.9 M, while Total Current Liabilities is likely to drop slightly above 236.3 M.Similar Executives
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Management Performance
| Return On Equity | -0.15 | ||||
| Return On Asset | 0.026 |
ProPetro Holding Corp Leadership Team
Elected by the shareholders, the ProPetro Holding's board of directors comprises two types of representatives: ProPetro Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ProPetro. The board's role is to monitor ProPetro Holding's management team and ensure that shareholders' interests are well served. ProPetro Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ProPetro Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michele Choka, Independent Director | ||
| David Schorlemer, Chief Financial Officer | ||
| Celina Davila, Chief Officer | ||
| Spencer Armour, Chairman of the Board | ||
| Phillip Gobe, Executive Chairman of the Board, Chief Executive Officer | ||
| Elo Omavuezi, Chief Accounting Officer | ||
| Adam Munoz, President, Chief Operating Officer | ||
| Josh Jones, Director Fin | ||
| Anthony Best, Lead Independent Director | ||
| John JD, General Secretary | ||
| Mark Berg, Director | ||
| Alan Douglas, Independent Director | ||
| Matt Augustine, Senior Relations | ||
| John Mitchell, General Secretary | ||
| Newton Wilson, General Counsel, Corporate Secretary | ||
| Newton III, Gen Sec | ||
| Jack Moore, Independent Director | ||
| Samuel Sledge, Chief Strategy and Administrative Officer | ||
| G Lawrence, Independent Director | ||
| Shelby Fietz, Chief Officer |
ProPetro Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ProPetro Holding a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.15 | ||||
| Return On Asset | 0.026 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 921.83 M | ||||
| Shares Outstanding | 102.93 M | ||||
| Shares Owned By Insiders | 23.46 % | ||||
| Shares Owned By Institutions | 87.10 % | ||||
| Number Of Shares Shorted | 9.22 M | ||||
| Price To Earning | 17.25 X |
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.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.