Royce & Associates LP Has $210,000 Stock Holdings in ProPetro Holding Corp. $PUMP

Royce & Associates LP decreased its stake in shares of ProPetro Holding Corp. (NYSE:PUMP) by 96.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,050 shares of the company’s stock after selling 984,735 shares during the period. Royce & Associates LP’s holdings in ProPetro were worth $210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PUMP. Mutual Advisors LLC boosted its holdings in shares of ProPetro by 1.2% during the third quarter. Mutual Advisors LLC now owns 164,822 shares of the company’s stock worth $864,000 after acquiring an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ProPetro by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,534 shares of the company’s stock worth $379,000 after purchasing an additional 2,230 shares during the period. Profund Advisors LLC lifted its holdings in ProPetro by 14.2% during the 3rd quarter. Profund Advisors LLC now owns 18,958 shares of the company’s stock worth $99,000 after purchasing an additional 2,355 shares during the last quarter. Franklin Resources Inc. boosted its stake in ProPetro by 4.4% in the 2nd quarter. Franklin Resources Inc. now owns 56,941 shares of the company’s stock valued at $340,000 after purchasing an additional 2,418 shares during the period. Finally, Jane Street Group LLC boosted its stake in ProPetro by 1.4% in the 1st quarter. Jane Street Group LLC now owns 224,275 shares of the company’s stock valued at $1,648,000 after purchasing an additional 3,100 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

ProPetro Stock Performance

NYSE:PUMP opened at $12.42 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 1,242.00 and a beta of 0.70. ProPetro Holding Corp. has a fifty-two week low of $4.51 and a fifty-two week high of $13.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.29. The stock has a fifty day moving average price of $10.95 and a 200-day moving average price of $8.66.

ProPetro (NYSE:PUMP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. ProPetro had a return on equity of 0.10% and a net margin of 0.06%.The business had revenue of $289.68 million during the quarter, compared to the consensus estimate of $279.90 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. ProPetro’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that ProPetro Holding Corp. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PUMP shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProPetro in a research report on Monday, December 29th. Piper Sandler upped their price target on shares of ProPetro from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised shares of ProPetro from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $7.00 to $13.00 in a research report on Wednesday, December 10th. Barclays lifted their price objective on shares of ProPetro from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Finally, Wolfe Research upgraded shares of ProPetro to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ProPetro currently has an average rating of “Hold” and a consensus price target of $12.83.

ProPetro Company Profile

ProPetro Holding Corp is a publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas, the company delivers a comprehensive suite of pressure pumping services designed to optimize reservoir stimulation and enhance hydrocarbon recovery. Its integrated approach encompasses well design, proppant selection, fluid systems and pressure management to support clients’ development targets across unconventional plays.

The company’s core offerings include high-pressure fracturing, coiled tubing, cementing, acidizing and flowback services, all supported by in-house logistics and digital monitoring tools.