PUMP (15.25) looks attractive. Propetro Holding, a March 2017 IPO priced at $14, provides rig fracking services to oil and gas producers. A competitor of FTSI, it's not nearly as cheap, but has a better balance sheet along with more analyst coverage and 4x the avg share volume.
PUMP reported EPS of $0.42 for seasonally weak Q1 and analysts are estimating $0.54 for Q2 and $2.10 for 2018, so currently trading at just over 7x estimates (versus less than 4x for FTSI). However PUMP is paying taxes while FTSI estimates are untaxed. Futhermore PUMP EPS estimates are rising while FTSI EPS estimates have been trending down.
I prefer FTSI because it's super cheap but recently acquired a small position in PUMP for diversification.
Beware, spot market prices for fracking rigs have been coming down which is causing concerns, hence the selloff in both stocks. I think they're both oversold. Both FTSI and PUMP have long term contracts and so are not immediately impacted, but will be as contracts renew. Another concern is the possibility of a further decline in oil prices if OPEC significantly increases production targets. That would diminish demand for fracking rigs at a time when their supply is rapidly growing.
